Top Spring International Holdings (HKSE:03688) Days Inventory: 521.11 (As of Dec. 2025) — 69% Below Median

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HKSE:03688 Top Spring International Holdings Ltd HKSE:03688
36 GF Score
Price HK$0.19
GF Value HK$0.36
Valuation Possible Value Trap
! 4 Warning Signs
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What is Top Spring International Holdings Days Inventory?

Top Spring International Holdings HKSE:03688 36 Days Inventory is 521.11 as of Dec. 2025, which is 69% below its 10-year median of 1,708.26. GuruFocus rates HKSE:03688 with a GF Score™ of 36/100 and a GF Value™ of HK$0.36 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,322 Real Estate companies, Top Spring International Holdings ranks better than 50.45% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Top Spring International Holdings's Average Total Inventories for the six months ended in Dec. 2025 was HK$3,658 Mil. Top Spring International Holdings's Cost of Goods Sold for the six months ended in Dec. 2025 was HK$1,281 Mil. Hence, Top Spring International Holdings's Days Inventory for the six months ended in Dec. 2025 was 521.11.

The historical rank and industry rank for Top Spring International Holdings's Days Inventory or its related term are showing as below:

HKSE:03688' s Days Inventory Range Over the Past 10 Years
Min: 600.82   Med: 1708.26   Max: 12509
Current: 682.03

During the past 13 years, Top Spring International Holdings's highest Days Inventory was 12509.00. The lowest was 600.82. And the median was 1708.26.

HKSE:03688's Days Inventory is ranked better than
50.45% of 1322 companies
in the Real Estate industry
Industry Median: 691.465 vs HKSE:03688: 682.03

Top Spring International Holdings's Days Inventory declined from Dec. 2024 (977.19) to Dec. 2025 (521.11).

Inventory Turnover measures how fast the company turns over its inventory within a year. Top Spring International Holdings's Inventory Turnover for the six months ended in Dec. 2025 was 0.35.

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. Top Spring International Holdings's Inventory-to-Revenue for the six months ended in Dec. 2025 was 5.88.


Top Spring International Holdings  (HKSE:03688) 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.

Top Spring International Holdings's Inventory Turnover for the six months ended in Dec. 2025 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.

Top Spring International Holdings's Inventory to Revenue for the six months ended in Dec. 2025 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.


Top Spring International Holdings Days Inventory Related Terms


Top Spring International Holdings Days Inventory Historical Data

* Premium members only.

The historical data trend for Top Spring International 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.

Top Spring International Holdings Days Inventory Chart

Top Spring International Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11,925.31 1,015.22 1,879.72 1,155.09 600.82

Top Spring International Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1,283.70 1,831.18 977.19 1,063.78 521.11

Top Spring International Holdings Days Inventory Competitor Comparison

For the Real Estate - Development subindustry, Top Spring International 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.


Top Spring International Holdings Days Inventory vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Top Spring International Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Top Spring International Holdings's Days Inventory falls into.


HKSE:03688
36GF Score
Top Spring International Holdings Ltd HKSE:03688
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Top Spring International Holdings Days Inventory Calculation

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

Top Spring International Holdings's Days Inventory for the fiscal year that ended in Dec. 2025 is calculated as

Days Inventory (A: Dec. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (4107.808 + 2601.042) / 2 ) / 2037.818*365
=3354.425 / 2037.818*365
=600.82

Top Spring International Holdings's Days Inventory for the quarter that ended in Dec. 2025 is calculated as:

Days Inventory (Q: Dec. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2025 ) + Total Inventories (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (4714.669 + 2601.042) / 2 ) / 1281.034*365 / 2
=3657.8555 / 1281.034*365 / 2
=521.11

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 521.11 mean?
Top Spring International Holdings (HKSE:03688) has a Days Inventory of 521.11 as of Dec. 2025. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Top Spring International Holdings and its competitors. This is 69% below median its historical median of 1,708.26. Over the past decade, Top Spring International Holdings' Days Inventory has ranged from 600.82 to 12,509.00. According to the industry distribution chart, Top Spring International Holdings ranks #655 out of 1322 companies in the Real Estate industry, placing it in the top 49.5%.
Is Top Spring International Holdings' Days Inventory too high?
Top Spring International Holdings' current Days Inventory of 521.11 is 69% below median its 10-year median of 1,708.26. Over the past 10 years, this metric has ranged from a low of 600.82 to a high of 12,509.00. The Real Estate industry median Days Inventory is 691.47. Top Spring International Holdings' value of 521.11 is 24.6% below this industry median. Based on the distribution chart, Top Spring International Holdings ranks #655 out of 1322 companies in the Real Estate industry, which is above the industry midpoint. Overall, Top Spring International Holdings has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Top Spring International Holdings' Days Inventory compare to competitors?
According to the Real Estate industry distribution chart, Top Spring International Holdings ranks #655 out of 1322 companies for Days Inventory. This puts Top Spring International Holdings in the upper half of its industry. The industry median Days Inventory is 691.47. Top Spring International Holdings' value of 521.11 is 24.6% below this benchmark. Historically, Top Spring International Holdings' own Days Inventory has ranged from 600.82 to 12,509.00 over the past decade. While the company's 10-year median is 1,708.26 vs. the industry median of 691.47, Top Spring International Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Real Estate company?
The median Days Inventory among Real Estate companies is 691.47, based on 1,322 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Top Spring International Holdings's current Days Inventory of 521.11 is 24.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Top Spring International Holdings and its competitors. For the Real Estate industry, the median Days Inventory is 691.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Spring International Holdings's current Days Inventory is 521.11, which is 69% below median its own 10-year median of 1,708.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Spring International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Top Spring International Holdings (HKSE:03688) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.36, compared to a current price of HK$0.19 — trading 46.9% below its estimated fair value. The current Days Inventory is 521.11, which is 69% below median its 10-year median of 1,708.26 and 24.6% below the Real Estate industry median of 691.47. Top Spring International Holdings' overall GF Score™ is 36/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Top Spring International Holdings (HKSE:03688), the current Days Inventory is 521.11 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Top Spring International Holdings (HKSE:03688) Overvalued in 2026?

Based on GuruFocus' analysis, Top Spring International Holdings stock appears to be undervalued. The current stock price of HK$0.19 is trading 46.9% below its estimated GF Value™ of HK$0.36. GuruFocus considers Top Spring International Holdings to be Possible Value Trap.

Key valuation signals for HKSE:03688:

  • Days Inventory: 521.11 (69% below median its 10-year median of 1,708.26)
  • GF Value™: HK$0.36 vs. price of HK$0.19 (46.9% below fair value)
  • GF Score™: 36/100 with 4 warning signs
  • Industry Position: 24.6% below the Real Estate median (#655 of 1322)

No single metric tells the full story. See the HKSE:03688 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Top Spring International Holdings Business Description

Address 6-8 Harbour Road, Rooms 04-08, 26th Floor, Shui On Centre, Wanchai, Hong Kong, HKG
Top Spring International Holdings Ltd is an investment holding engaged in property development, property investment, property management and related services, and education-related services in the People's Republic of China. It generates the majority of its revenue from the Property development segment which develops and sells residential and commercial properties. Geographically the company has a presence in PRC, Hong Kong, and others, with key revenue coming from PRC.
36GF Score

Get the complete analysis for HKSE:03688

Days Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.19
Price
HK$0.36
GF Value