TIRX (Tian Ruixiang Holdings) Days Inventory : 0.00 (As of Apr. 2024)

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What is Tian Ruixiang Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tian Ruixiang Holdings's Average Total Inventories for the six months ended in Apr. 2024 was $0.00 Mil. Tian Ruixiang Holdings's Cost of Goods Sold for the six months ended in Apr. 2024 was $1.52 Mil. Hence, Tian Ruixiang Holdings's Days Inventory for the six months ended in Apr. 2024 was 0.00.

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

TIRX's Days Inventory is not ranked ^*
in the Insurance industry.
Industry Median: 13.58
* Ranked among companies with meaningful Days Inventory only.

Tian Ruixiang Holdings's Days Inventory stayed the same from Apr. 2023 (0.00) to Apr. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Tian Ruixiang Holdings's Inventory-to-Revenue for the six months ended in Apr. 2024 was 0.00.

Tian Ruixiang Holdings Days Inventory Historical Data

The historical data trend for Tian Ruixiang 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.

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Tian Ruixiang Holdings Days Inventory Chart

Tian Ruixiang Holdings Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Inventory

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Tian Ruixiang Holdings Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Days Inventory	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of Tian Ruixiang Holdings's Days Inventory

For the Insurance Brokers subindustry, Tian Ruixiang 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.

Tian Ruixiang Holdings's Days Inventory Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Tian Ruixiang Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tian Ruixiang Holdings's Days Inventory falls into.

Tian Ruixiang Holdings Days Inventory Calculation

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

Tian Ruixiang Holdings's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as

	Days Inventory (A: Oct. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.461	*	365
=	0					/	0.461	*	365
=	0.00

Tian Ruixiang Holdings's Days Inventory for the quarter that ended in Apr. 2024 is calculated as:

	Days Inventory (Q: Apr. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Apr. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Apr. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1.522	*	365 / 2
=	0					/	1.522	*	365 / 2
=	0.00

Tian Ruixiang Holdings (NAS:TIRX) 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.

Tian Ruixiang Holdings's Inventory Turnover for the six months ended in Apr. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.522	/	0
	=

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.

Tian Ruixiang Holdings's Inventory to Revenue for the six months ended in Apr. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.178
	=	0.00

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.

Tian Ruixiang Holdings Days Inventory Related Terms

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

Tian Ruixiang Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tian Ruixiang Holdings Ltd (NAS:TIRX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

North East Third Ring Road, Room 1001, 10 / F, No. 25, Chaoyang District, Beijing, CHN

Website

http://www.tianrx.com

Tian Ruixiang Holdings Ltd is an Insurance Brokerage firm. It distributes a wide range of insurance products, which are categorized into two groups; property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and other insurances, such as health insurance, life insurance, and miscellaneous insurances. It also generates a small amount of revenue from risk management services. The firm act on behalf of its customers seeking insurance coverage from insurance companies. It generates revenue from the provision of insurance brokerage services.