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Longfor Group Holdings (Longfor Group Holdings) Days Inventory : 508.81 (As of Dec. 2023)


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What is Longfor Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Longfor Group Holdings's Average Total Inventories for the six months ended in Dec. 2023 was $39,831 Mil. Longfor Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $14,286 Mil. Hence, Longfor Group Holdings's Days Inventory for the six months ended in Dec. 2023 was 508.81.

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

LGFRY' s Days Inventory Range Over the Past 10 Years
Min: 711.5   Med: 878.77   Max: 1064.3
Current: 730.9

During the past 13 years, Longfor Group Holdings's highest Days Inventory was 1064.30. The lowest was 711.50. And the median was 878.77.

LGFRY's Days Inventory is ranked worse than
51.66% of 1328 companies
in the Real Estate industry
Industry Median: 699.495 vs LGFRY: 730.90

Longfor Group Holdings's Days Inventory declined from Dec. 2022 (545.32) to Dec. 2023 (508.81).

Inventory Turnover measures how fast the company turns over its inventory within a year. Longfor Group Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 0.36.

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. Longfor Group Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 2.40.


Longfor Group Holdings Days Inventory Historical Data

The historical data trend for Longfor Group 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.

Longfor Group Holdings Days Inventory Chart

Longfor Group Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,063.42 958.02 843.78 710.79 714.89

Longfor Group Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 614.87 1,000.81 545.32 1,230.49 508.81

Competitive Comparison of Longfor Group Holdings's Days Inventory

For the Real Estate - Development subindustry, Longfor Group 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.


Longfor Group Holdings's Days Inventory Distribution in the Real Estate Industry

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

* The bar in red indicates where Longfor Group Holdings's Days Inventory falls into.



Longfor Group Holdings Days Inventory Calculation

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

Longfor Group 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
=( (46684.34 + 35690.972) / 2 ) / 21029.205*365
=41187.656 / 21029.205*365
=714.89

Longfor Group 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
=( (43970.924 + 35690.972) / 2 ) / 14286.46*365 / 2
=39830.948 / 14286.46*365 / 2
=508.81

* 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.


Longfor Group Holdings  (OTCPK:LGFRY) 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.

Longfor Group Holdings'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.

Longfor Group Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=39830.948 / 16623.086
=2.40

* 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.


Longfor Group Holdings Days Inventory Related Terms

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


Longfor Group Holdings (Longfor Group Holdings) Business Description

Traded in Other Exchanges
Address
No. 8 Beiyuan Street, Building 6, Beijing Longfor Blue Engine Industrial Park, Chaoyang District, Beijing, CHN, 100012
Longfor Group Holdings, or Longfor, is a privately owned real estate developer in China with contracted sales value placing it among the top 10 of all China's developers. The company focuses on developing high-quality residential projects, as well as operating shopping malls and rental apartments in China's wealthier cities. Property development represents the majority of Longfor's revenue and gross profit, while income from commercial properties, property management, and project management services have been growing fast. At the end of 2022, Wu Yajun remained Longfor's largest shareholder with an over 43% equity interest, while her ex-husband Cai Kui has a 23% stake.

Longfor Group Holdings (Longfor Group Holdings) Headlines