China Tourism Group Duty Free (SHSE:601888) Total Inventories: ¥15,891 Mil (As of Mar. 2026)

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SHSE:601888 China Tourism Group Duty Free Corp Ltd SHSE:601888
81 GF Score
Price ¥54.06
GF Value ¥68.42
Valuation Modestly Undervalued
! 5 Warning Signs
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What is China Tourism Group Duty Free Total Inventories?

China Tourism Group Duty Free SHSE:601888 -1.66% 81 Total Inventories is ¥15,891 Mil as of Mar. 2026. GuruFocus rates SHSE:601888 with a GF Score™ of 81/100 and a GF Value™ of ¥68.42 (Modestly Undervalued). The stock has 5 warning signs investors should review.

China Tourism Group Duty Free's total inventories for the quarter that ended in Mar. 2026 was ¥15,891 Mil. China Tourism Group Duty Free's average total inventories from the quarter that ended in Dec. 2025 to the quarter that ended in Mar. 2026 was ¥15,596 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Tourism Group Duty Free's Net-Net Working Capital per share for the quarter that ended in Mar. 2026 was ¥7.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Tourism Group Duty Free's Days Inventory for the three months ended in Mar. 2026 was 126.84.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Tourism Group Duty Free's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.72.

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. China Tourism Group Duty Free's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.92.


China Tourism Group Duty Free  (SHSE:601888) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

China Tourism Group Duty Free's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2026 is

Net-Net Working Capital Per Share (Q: Mar. 2026 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(35287.316+0.75 * 165.989+0.5 * 15891.154-21865.709
-0-5778.849)/2077.797
=7.56

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

China Tourism Group Duty Free's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=15596.388/11220.229*365 / 4
=126.84

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

China Tourism Group Duty Free's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2026 ) / Average Total Inventories (Q: Mar. 2026 )
=11220.229 / 15596.388
=0.72

4. 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.

China Tourism Group Duty Free's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=15596.388 / 16906.022
=0.92

* 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


China Tourism Group Duty Free Total Inventories Related Terms


China Tourism Group Duty Free Total Inventories Historical Data

* Premium members only.

The historical data trend for China Tourism Group Duty Free's Total Inventories 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.

China Tourism Group Duty Free Total Inventories Chart

China Tourism Group Duty Free Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19,724.70 27,926.48 21,056.92 17,348.38 15,301.62

China Tourism Group Duty Free Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Inventories 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 15,751.00 16,887.51 17,219.35 15,301.62 15,891.15
SHSE:601888
81GF Score
China Tourism Group Duty Free Corp Ltd SHSE:601888
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
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China Tourism Group Duty Free Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of ¥15,891 Mil mean?
China Tourism Group Duty Free (SHSE:601888) has a Total Inventories of ¥15,891 Mil as of Mar. 2026. The total amount of inventory as recorded on a company's balance sheet. View historical data for China Tourism Group Duty Free and its competitors.
Is China Tourism Group Duty Free's Total Inventories too high?
China Tourism Group Duty Free's current Total Inventories is ¥15,891 Mil. Overall, China Tourism Group Duty Free has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Tourism Group Duty Free's Total Inventories compare to CASY and WSM?
China Tourism Group Duty Free's Total Inventories of ¥15,891 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Retail - Cyclical company?
A good Total Inventories depends on the Retail - Cyclical industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for China Tourism Group Duty Free and its competitors. China Tourism Group Duty Free's current Total Inventories is ¥15,891 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tourism Group Duty Free stock overvalued right now?
Based on GuruFocus' analysis, China Tourism Group Duty Free (SHSE:601888) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥68.42, compared to a current price of ¥54.06 — trading 21% below its estimated fair value. The current Total Inventories is ¥15,891 Mil. China Tourism Group Duty Free's overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For China Tourism Group Duty Free (SHSE:601888), the current Total Inventories is ¥15,891 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China Tourism Group Duty Free (SHSE:601888) Overvalued in 2026?

Based on GuruFocus' analysis, China Tourism Group Duty Free stock appears to be undervalued. The current stock price of ¥54.06 is trading 21% below its estimated GF Value™ of ¥68.42. GuruFocus considers China Tourism Group Duty Free to be Modestly Undervalued.

Key valuation signals for SHSE:601888:

  • Total Inventories: ¥15,891 Mil
  • GF Value™: ¥68.42 vs. price of ¥54.06 (21% below fair value)
  • GF Score™: 81/100 with 5 warning signs

No single metric tells the full story. See the SHSE:601888 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Tourism Group Duty Free Business Description

Other Exchanges 01880:Hong Kong
Address No. 2A, Dongzhimenwai Street, 8th Floor, Building A, Dongcheng District, Beijing, CHN, 100027
Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2025 with revenue of CNY 54 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 33 provinces in China, as well as overseas. The company also operates a duty-paid business. Its 2025 revenue mix was 73% duty-free sales and 27% duty-paid sales and others. CTG Duty Free is 50% owned by China Tourism Group, a state-owned enterprise that falls directly under the State-owned Assets Supervision and Administration Commission of the State Council.
81GF Score

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Total Inventories is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥54.06
Price
¥68.42
GF Value