China Wan Tong Yuan (Holdings) (HKSE:06966) Days Inventory : 716.58 (As of Dec. 2023)

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What is China Wan Tong Yuan (Holdings) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Wan Tong Yuan (Holdings)'s Average Total Inventories for the six months ended in Dec. 2023 was HK$21.23 Mil. China Wan Tong Yuan (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2023 was HK$5.41 Mil. Hence, China Wan Tong Yuan (Holdings)'s Days Inventory for the six months ended in Dec. 2023 was 716.58.

The historical rank and industry rank for China Wan Tong Yuan (Holdings)'s Days Inventory or its related term are showing as below:

HKSE:06966' s Days Inventory Range Over the Past 10 Years
Min: 149.35 Med: 456.13 Max: 1116.43
Current: 785.25

During the past 9 years, China Wan Tong Yuan (Holdings)'s highest Days Inventory was 1116.43. The lowest was 149.35. And the median was 456.13.

HKSE:06966's Days Inventory is ranked worse than
97.67% of 86 companies
in the Personal Services industry
Industry Median: 16.44 vs HKSE:06966: 785.25

China Wan Tong Yuan (Holdings)'s Days Inventory declined from Dec. 2022 (1,237.64) to Dec. 2023 (716.58).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Wan Tong Yuan (Holdings)'s Inventory Turnover for the six months ended in Dec. 2023 was 0.25.

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 Wan Tong Yuan (Holdings)'s Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.74.

China Wan Tong Yuan (Holdings) Days Inventory Historical Data

The historical data trend for China Wan Tong Yuan (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 Wan Tong Yuan (Holdings) Days Inventory Chart

China Wan Tong Yuan (Holdings) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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304.80

1,116.43

1,010.93

725.10

828.19

China Wan Tong Yuan (Holdings) Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial											913.05	515.45	1,237.64	818.77	716.58

Competitive Comparison of China Wan Tong Yuan (Holdings)'s Days Inventory

For the Personal Services subindustry, China Wan Tong Yuan (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 Wan Tong Yuan (Holdings)'s Days Inventory Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, China Wan Tong Yuan (Holdings)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where China Wan Tong Yuan (Holdings)'s Days Inventory falls into.

China Wan Tong Yuan (Holdings) Days Inventory Calculation

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

China Wan Tong Yuan (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
=	( (22.34	+	23.222)	/	2 )	/	10.04	*	365
=	22.781					/	10.04	*	365
=	828.19

China Wan Tong Yuan (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
=	( (19.231	+	23.222)	/	2 )	/	5.406	*	365 / 2
=	21.2265					/	5.406	*	365 / 2
=	716.58

China Wan Tong Yuan (Holdings) (HKSE:06966) 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 Wan Tong Yuan (Holdings)'s Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.406	/	21.2265
	=	0.25

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 Wan Tong Yuan (Holdings)'s Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	21.2265	/	28.728
	=	0.74

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 Wan Tong Yuan (Holdings) Days Inventory Related Terms

Thank you for viewing the detailed overview of China Wan Tong Yuan (Holdings)'s Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

China Wan Tong Yuan (Holdings) (HKSE:06966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » China Wan Tong Yuan (Holdings) Ltd (HKSE:06966) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 48, Louzhuang Road, Langfang Development Area, Hebei, Langfang, CHN

Website

http://www.chinawty.com

China Wan Tong Yuan (Holdings) Ltd is a burial services provider in Langfang, Hebei Province, China. It offers cemetery services under the brand Wan Tong Yuan and burial services, including traditional and artistic burial services. The group's businesses involve the Sales of burial plots; Sales of columbarium units; Provision of other burial-related services; and Provision of cemetery maintenance services. It derives key revenue from the sales of burial plots. The group operates in the PRC.

Executives

Tai Shing International Investment Company Limited	2101 Beneficial owner
Lily Charm Holding Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Zhao Ying	2307 Founder of a discretionary trust who can infl
Fairich Trading Limited	2101 Beneficial owner
Xing Junying	2101 Beneficial owner
Zhao Ying

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