TH International (TH International) Days Inventory : 18.90 (As of Dec. 2023)

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What is TH International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). TH International's Average Total Inventories for the three months ended in Dec. 2023 was $8.6 Mil. TH International's Cost of Goods Sold for the three months ended in Dec. 2023 was $41.7 Mil. Hence, TH International's Days Inventory for the three months ended in Dec. 2023 was 18.90.

The historical rank and industry rank for TH International's Days Inventory or its related term are showing as below:

THCH' s Days Inventory Range Over the Past 10 Years
Min: 20.02 Med: 23.83 Max: 29.05
Current: 22.3

During the past 5 years, TH International's highest Days Inventory was 29.05. The lowest was 20.02. And the median was 23.83.

THCH's Days Inventory is ranked worse than
62.39% of 335 companies
in the Restaurants industry
Industry Median: 15.46 vs THCH: 22.30

TH International's Days Inventory declined from Dec. 2022 (26.72) to Dec. 2023 (18.90).

Inventory Turnover measures how fast the company turns over its inventory within a year. TH International's Inventory Turnover for the three months ended in Dec. 2023 was 4.83.

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. TH International's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.16.

TH International Days Inventory Historical Data

The historical data trend for TH International'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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TH International Days Inventory Chart

TH International Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

27.38

20.28

29.05

20.02

TH International Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial								26.72	27.22	23.86	22.30	18.90

Competitive Comparison of TH International's Days Inventory

For the Restaurants subindustry, TH International'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.

TH International's Days Inventory Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, TH International's Days Inventory distribution charts can be found below:

* The bar in red indicates where TH International's Days Inventory falls into.

TH International Days Inventory Calculation

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

TH International'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
=	( (10.251	+	7.103)	/	2 )	/	158.191	*	365
=	8.677					/	158.191	*	365
=	20.02

TH International'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (10.179	+	7.103)	/	2 )	/	41.719	*	365 / 4
=	8.641					/	41.719	*	365 / 4
=	18.90

TH International (NAS:THCH) 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.

TH International's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	41.719	/	8.641
	=	4.83

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.

TH International's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.641	/	54.787
	=	0.16

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.

TH International Days Inventory Related Terms

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

TH International (TH International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » TH International Ltd (NAS:THCH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

227 Huangpi North Road, 2501 Central Plaza, Shanghai, CHN, 200003

Website

https://www.timschina.com

TH International Ltd is the parent company of the franchise of Tim Hortons coffee shops for Restaurant Brands International Inc. It is an emerging coffee champion in China. It builds coffee and bake shop in mainland China. Through its Tim Hortons brand, the firm offers freshly brewed coffee, tea, and other beverages, bakery & sides, and sandwiches. The Company's revenue is derived from operations in the PRC.