China Ocean Group Development (HKSE:08047) Days Inventory : 0.00 (As of Sep. 2024)

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What is China Ocean Group Development Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Ocean Group Development's Average Total Inventories for the three months ended in Sep. 2024 was HK$2.9 Mil. China Ocean Group Development's Cost of Goods Sold for the three months ended in Sep. 2024 was HK$0.0 Mil.

The historical rank and industry rank for China Ocean Group Development's Days Inventory or its related term are showing as below:

HKSE:08047' s Days Inventory Range Over the Past 10 Years
Min: 0.17 Med: 1.22 Max: 32.43
Current: 4

During the past 13 years, China Ocean Group Development's highest Days Inventory was 32.43. The lowest was 0.17. And the median was 1.22.

HKSE:08047's Days Inventory is ranked better than
74.27% of 785 companies
in the Transportation industry
Industry Median: 11.81 vs HKSE:08047: 4.00

China Ocean Group Development's Days Inventory stayed the same from Mar. 2023 (0.00) to Sep. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Ocean Group Development's Inventory Turnover for the three months ended in Sep. 2024 was 0.00.

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 Ocean Group Development Days Inventory Historical Data

The historical data trend for China Ocean Group Development'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.

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China Ocean Group Development Days Inventory Chart

China Ocean Group Development Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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0.20

0.17

2.44

China Ocean Group Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
Days Inventory	Get a 7-Day Free Trial															-	-	1.58	-	-

Competitive Comparison of China Ocean Group Development's Days Inventory

For the Integrated Freight & Logistics subindustry, China Ocean Group Development'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 Ocean Group Development's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China Ocean Group Development's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Ocean Group Development's Days Inventory falls into.

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China Ocean Group Development Days Inventory Calculation

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

China Ocean Group Development's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (0	+	2.363)	/	1 )	/	352.904	*	365
=	2.363					/	352.904	*	365
=	2.44

China Ocean Group Development's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (2.363	+	3.403)	/	2 )	/	0	*	365 / 4
=	2.883					/	0	*	365 / 4
=	N/A

China Ocean Group Development (HKSE:08047) 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 Ocean Group Development's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	2.883
	=	0.00

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 Ocean Group Development's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.883	/	0
	=

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 Ocean Group Development Days Inventory Related Terms

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

China Ocean Group Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Ocean Group Development Ltd (HKSE:08047) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Wan Chai, Room 03, 22nd Floor, China Resources Building, Hong Kong, HKG

Website

http://www.chinaoceangroup.com.hk

China Ocean Group Development Ltd operates as a holding company. It is engaged in various business segments that are Supply Chain Management Segment services business, which provides services involving the planning and implementation of an integrated solution for the effective flow of business, logistic, information and funds; and Money Lending, which provides money lending services. The Ocean fishing segment which provides fishing and catching business in open sea beyond the coastal region. The Supply Chain Management services business segment generates maximum revenue for the company. Geographically, the company offers its services to Hong Kong and China.

Executives

Liu Yi	2101 Beneficial owner
Jing Peng Xin He (hong Kong) Limited	2101 Beneficial owner
Shenzhqn Jing Peng Xin Trade Co Ltd	2101 Beneficial owner
Chen Quan	2101 Beneficial owner

China Ocean Group Development Headlines

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