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China Yongda Automobiles Services Holdings (HKSE:03669) Days Inventory : 21.74 (As of Dec. 2023)


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What is China Yongda Automobiles Services Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Yongda Automobiles Services Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$4,604 Mil. China Yongda Automobiles Services Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$38,653 Mil. Hence, China Yongda Automobiles Services Holdings's Days Inventory for the six months ended in Dec. 2023 was 21.74.

The historical rank and industry rank for China Yongda Automobiles Services Holdings's Days Inventory or its related term are showing as below:

HKSE:03669' s Days Inventory Range Over the Past 10 Years
Min: 22.73   Med: 38.81   Max: 48.05
Current: 23.52

During the past 13 years, China Yongda Automobiles Services Holdings's highest Days Inventory was 48.05. The lowest was 22.73. And the median was 38.81.

HKSE:03669's Days Inventory is ranked better than
94.6% of 1260 companies
in the Vehicles & Parts industry
Industry Median: 81.57 vs HKSE:03669: 23.52

China Yongda Automobiles Services Holdings's Days Inventory increased from Dec. 2022 (20.13) to Dec. 2023 (21.74). It might indicate that China Yongda Automobiles Services Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Yongda Automobiles Services Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 8.40.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. China Yongda Automobiles Services Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.11.


China Yongda Automobiles Services Holdings Days Inventory Historical Data

The historical data trend for China Yongda Automobiles Services Holdings's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

China Yongda Automobiles Services Holdings Days Inventory Chart

China Yongda Automobiles Services Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.17 29.81 22.73 24.98 24.33

China Yongda Automobiles Services Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.43 24.89 20.13 24.62 21.74

Competitive Comparison of China Yongda Automobiles Services Holdings's Days Inventory

For the Auto & Truck Dealerships subindustry, China Yongda Automobiles Services Holdings's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


China Yongda Automobiles Services Holdings's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Yongda Automobiles Services Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Yongda Automobiles Services Holdings's Days Inventory falls into.



China Yongda Automobiles Services Holdings Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

China Yongda Automobiles Services Holdings's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (5087.072 + 4772.326) / 2 ) / 73940.622*365
=4929.699 / 73940.622*365
=24.33

China Yongda Automobiles Services Holdings's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (4434.784 + 4772.326) / 2 ) / 38653.405*365 / 2
=4603.555 / 38653.405*365 / 2
=21.74

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


China Yongda Automobiles Services Holdings  (HKSE:03669) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

China Yongda Automobiles Services Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

China Yongda Automobiles Services Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


China Yongda Automobiles Services Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of China Yongda Automobiles Services Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


China Yongda Automobiles Services Holdings (HKSE:03669) Business Description

Traded in Other Exchanges
Address
The Center, 99 Queen’s Road Central, Unit 5708, 57th Floor, Central, Hong Kong, HKG
China Yongda Automobiles Services Holdings Ltd is a Chinese company involved in automobile sales service, automobile finance, and automobile rental. The company's reportable segments are as follows, 1) Passenger vehicle sales and services which includes the sale of passenger vehicles and provision of after-sales services, including repair and maintenance services, certain auxiliary passenger vehicles sales-related services and provision of other passenger vehicles-related services; and 2) Automobile operating lease services. The majority of the company's revenue is earned through the Passenger vehicle sales and services segment.
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