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Sino-Ocean Service Holding (HKSE:06677) Days Inventory : 60.15 (As of Dec. 2023)


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What is Sino-Ocean Service Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sino-Ocean Service Holding's Average Total Inventories for the six months ended in Dec. 2023 was HK$469 Mil. Sino-Ocean Service Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,423 Mil. Hence, Sino-Ocean Service Holding's Days Inventory for the six months ended in Dec. 2023 was 60.15.

The historical rank and industry rank for Sino-Ocean Service Holding's Days Inventory or its related term are showing as below:

HKSE:06677' s Days Inventory Range Over the Past 10 Years
Min: 24.69   Med: 30.11   Max: 65.22
Current: 53.38

During the past 7 years, Sino-Ocean Service Holding's highest Days Inventory was 65.22. The lowest was 24.69. And the median was 30.11.

HKSE:06677's Days Inventory is ranked better than
84% of 1319 companies
in the Real Estate industry
Industry Median: 698.69 vs HKSE:06677: 53.38

Sino-Ocean Service Holding's Days Inventory increased from Dec. 2022 (30.74) to Dec. 2023 (60.15). It might indicate that Sino-Ocean Service Holding's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sino-Ocean Service Holding's Inventory Turnover for the six months ended in Dec. 2023 was 3.03.

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. Sino-Ocean Service Holding's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.27.


Sino-Ocean Service Holding Days Inventory Historical Data

The historical data trend for Sino-Ocean Service Holding'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.

Sino-Ocean Service Holding Days Inventory Chart

Sino-Ocean Service Holding Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 33.44 30.11 25.16 31.59 65.22

Sino-Ocean Service Holding Semi-Annual Data
Dec17 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 26.72 29.32 30.74 34.08 60.15

Competitive Comparison of Sino-Ocean Service Holding's Days Inventory

For the Real Estate Services subindustry, Sino-Ocean Service Holding'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.


Sino-Ocean Service Holding's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sino-Ocean Service Holding's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sino-Ocean Service Holding's Days Inventory falls into.



Sino-Ocean Service Holding Days Inventory Calculation

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

Sino-Ocean Service Holding'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
=( (278.601 + 712.438) / 2 ) / 2773.244*365
=495.5195 / 2773.244*365
=65.22

Sino-Ocean Service Holding'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
=( (225.67 + 712.438) / 2 ) / 1423.145*365 / 2
=469.054 / 1423.145*365 / 2
=60.15

* 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.


Sino-Ocean Service Holding  (HKSE:06677) 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.

Sino-Ocean Service Holding'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.

Sino-Ocean Service Holding'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.


Sino-Ocean Service Holding Days Inventory Related Terms

Thank you for viewing the detailed overview of Sino-Ocean Service Holding's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Sino-Ocean Service Holding (HKSE:06677) Business Description

Traded in Other Exchanges
N/A
Address
No. A518 East Road of Chaoyang Sports Center, 2nd Floor, Tower A, Chaoyang District, Beijing, CHN
Sino-Ocean Service Holding Ltd is an investment holding company. The Company and its subsidiaries are engaged in the provision of property management and commercial operational services, value-added services to non-property owners, and community value-added services in the People's Republic of China.
Executives
Sino-ocean Group Holding Limited 2201 Interest of corporation controlled by you
Shine Wind Development Limited 2101 Beneficial owner

Sino-Ocean Service Holding (HKSE:06677) Headlines

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