Risesun Real Estate Development Co (SZSE:002146) Days Inventory : 1,311.54 (As of Sep. 2024)

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What is Risesun Real Estate Development Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Risesun Real Estate Development Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥121,631 Mil. Risesun Real Estate Development Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥8,462 Mil. Hence, Risesun Real Estate Development Co's Days Inventory for the three months ended in Sep. 2024 was 1,311.54.

The historical rank and industry rank for Risesun Real Estate Development Co's Days Inventory or its related term are showing as below:

SZSE:002146' s Days Inventory Range Over the Past 10 Years
Min: 1062.83 Med: 1270.75 Max: 2114.95
Current: 1062.83

During the past 13 years, Risesun Real Estate Development Co's highest Days Inventory was 2114.95. The lowest was 1062.83. And the median was 1270.75.

SZSE:002146's Days Inventory is ranked worse than
61.53% of 1310 companies
in the Real Estate industry
Industry Median: 690.42 vs SZSE:002146: 1062.83

Risesun Real Estate Development Co's Days Inventory declined from Sep. 2023 (1,496.24) to Sep. 2024 (1,311.54).

Inventory Turnover measures how fast the company turns over its inventory within a year. Risesun Real Estate Development Co's Inventory Turnover for the three months ended in Sep. 2024 was 0.07.

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. Risesun Real Estate Development Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 13.38.

Risesun Real Estate Development Co Days Inventory Historical Data

The historical data trend for Risesun Real Estate Development 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.

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Risesun Real Estate Development Co Days Inventory Chart

Risesun Real Estate Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1,095.63

1,232.15

1,825.06

2,114.95

1,145.98

Risesun Real Estate Development Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															1,496.24	653.84	1,291.93	1,554.26	1,311.54

Competitive Comparison of Risesun Real Estate Development Co's Days Inventory

For the Real Estate - Development subindustry, Risesun Real Estate Development 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.

Risesun Real Estate Development Co's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Risesun Real Estate Development Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Risesun Real Estate Development Co's Days Inventory falls into.

Risesun Real Estate Development Co Days Inventory Calculation

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

Risesun Real Estate Development 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
=	( (168210.587	+	135885.797)	/	2 )	/	48427.868	*	365
=	152048.192					/	48427.868	*	365
=	1,145.98

Risesun Real Estate Development Co'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: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (124291.348	+	118971.091)	/	2 )	/	8462.425	*	365 / 4
=	121631.2195					/	8462.425	*	365 / 4
=	1,311.54

Risesun Real Estate Development Co (SZSE:002146) 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.

Risesun Real Estate Development Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8462.425	/	121631.2195
	=	0.07

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.

Risesun Real Estate Development Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	121631.2195	/	9092.769
	=	13.38

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.

Risesun Real Estate Development Co Days Inventory Related Terms

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Risesun Real Estate Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Risesun Real Estate Development Co Ltd (SZSE:002146) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Cheung Yun Road 81, Rongsheng Development Building, Langfang, CHN, 065000

Website

http://www.risesun.cn

Risesun Real Estate Development Co Ltd is a real estate development company based in China. The company is engaged in the development of residential buildings and architectural design. Its other business operations consist of property management, hotel management, commercial operation and investment management.

Executives

Bao Li Jie	Directors, executives
Geng Jian Ming	Director
Gu Yong Jun	Executives
Zou Jia Li	Supervisors
Zhang Xing Xing	Securities Affairs Representative
Liu Shan	Directors, executives
Jing Zhong Hua	Executives
Li Ai Hong	Supervisors
Yang Shao Min	Director
Li Wan Le	Directors, executives
Chen Jin Hai	Directors, executives
Feng Quan Yu	Directors, executives
Li Bing	Securities Affairs Representative
Geng Jian Fu	Director
Gao Xue Jun	Supervisors

Risesun Real Estate Development Co Headlines

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