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Jinke Smart Services Group Co (HKSE:09666) Days Inventory : 2.84 (As of Dec. 2023)


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What is Jinke Smart Services Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jinke Smart Services Group Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$37 Mil. Jinke Smart Services Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,352 Mil. Hence, Jinke Smart Services Group Co's Days Inventory for the six months ended in Dec. 2023 was 2.84.

The historical rank and industry rank for Jinke Smart Services Group Co's Days Inventory or its related term are showing as below:

HKSE:09666' s Days Inventory Range Over the Past 10 Years
Min: 1.16   Med: 1.68   Max: 2.93
Current: 2.93

During the past 7 years, Jinke Smart Services Group Co's highest Days Inventory was 2.93. The lowest was 1.16. And the median was 1.68.

HKSE:09666's Days Inventory is ranked better than
95.03% of 1328 companies
in the Real Estate industry
Industry Median: 699.495 vs HKSE:09666: 2.93

Jinke Smart Services Group Co's Days Inventory increased from Dec. 2022 (2.57) to Dec. 2023 (2.84). It might indicate that Jinke Smart Services Group Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jinke Smart Services Group Co's Inventory Turnover for the six months ended in Dec. 2023 was 64.22.

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. Jinke Smart Services Group Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.01.


Jinke Smart Services Group Co Days Inventory Historical Data

The historical data trend for Jinke Smart Services Group Co'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.

Jinke Smart Services Group Co Days Inventory Chart

Jinke Smart Services Group Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 1.16 1.68 1.71 2.47 2.66

Jinke Smart Services Group Co 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 1.46 2.60 2.57 3.32 2.84

Competitive Comparison of Jinke Smart Services Group Co's Days Inventory

For the Real Estate Services subindustry, Jinke Smart Services Group Co'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.


Jinke Smart Services Group Co's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Jinke Smart Services Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jinke Smart Services Group Co's Days Inventory falls into.



Jinke Smart Services Group Co Days Inventory Calculation

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

Jinke Smart Services Group Co'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
=( (33.451 + 31.12) / 2 ) / 4431.516*365
=32.2855 / 4431.516*365
=2.66

Jinke Smart Services Group Co'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
=( (42.128 + 31.12) / 2 ) / 2351.882*365 / 2
=36.624 / 2351.882*365 / 2
=2.84

* 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.


Jinke Smart Services Group Co  (HKSE:09666) 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.

Jinke Smart Services Group Co'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.

Jinke Smart Services Group Co'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.


Jinke Smart Services Group Co Days Inventory Related Terms

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


Jinke Smart Services Group Co (HKSE:09666) Business Description

Traded in Other Exchanges
N/A
Address
No. 480, Panxi Road, Shimahe Street, Building A4, East Zone, Jinke Shiniancheng, Jiangbei District, Chongqing, CHN
Jinke Smart Services Group Co Ltd is a smart property management service provider in China. The firm is principally engaged in the provision of property management services, value-added services to non-property owners, community value-added services, and smart living technology solutions. It has focused on the three main regions in China that are Southwestern China, Eastern & Southern China, Central China, and other regions where it generates a majority of its revenue from the Southwestern China Region.
Executives
Hai Nan Xi Wa Si Mu Ji Jin Guan Li You Xian Ze Ren Gong Si 2102 Investment manager
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