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Sailun Group Co (SHSE:601058) Days Inventory : 89.46 (As of Mar. 2024)


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What is Sailun Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sailun Group Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥5,172 Mil. Sailun Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,276 Mil. Hence, Sailun Group Co's Days Inventory for the three months ended in Mar. 2024 was 89.46.

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

SHSE:601058' s Days Inventory Range Over the Past 10 Years
Min: 52.36   Med: 73.14   Max: 87.93
Current: 84.17

During the past 13 years, Sailun Group Co's highest Days Inventory was 87.93. The lowest was 52.36. And the median was 73.14.

SHSE:601058's Days Inventory is ranked worse than
51.87% of 1257 companies
in the Vehicles & Parts industry
Industry Median: 80.93 vs SHSE:601058: 84.17

Sailun Group Co's Days Inventory increased from Mar. 2023 (85.64) to Mar. 2024 (89.46). It might indicate that Sailun Group Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sailun Group Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.02.

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. Sailun Group Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.71.


Sailun Group Co Days Inventory Historical Data

The historical data trend for Sailun Group 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.

* Premium members only.

Sailun Group Co Days Inventory Chart

Sailun Group Co 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 73.23 79.51 87.04 86.03 87.93

Sailun Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 85.64 81.90 73.30 91.03 89.46

Competitive Comparison of Sailun Group Co's Days Inventory

For the Auto Parts subindustry, Sailun Group 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.


Sailun Group Co's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sailun Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sailun Group Co's Days Inventory falls into.



Sailun Group Co Days Inventory Calculation

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

Sailun Group 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
=( (4115.43 + 4941.714) / 2 ) / 18798.945*365
=4528.572 / 18798.945*365
=87.93

Sailun Group Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (4941.714 + 5403.241) / 2 ) / 5275.989*365 / 4
=5172.4775 / 5275.989*365 / 4
=89.46

* 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.


Sailun Group Co  (SHSE:601058) 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.

Sailun Group Co's Inventory Turnover for the three months ended in Mar. 2024 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.

Sailun Group Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

* 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.


Sailun Group Co Days Inventory Related Terms

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


Sailun Group Co (SHSE:601058) Business Description

Traded in Other Exchanges
N/A
Address
No.43, Rubber Valley, Zhengzhou Road, Building B, Shibei District, Shandong, Qingdao, CHN, 266045
Sailun Group Co Ltd is a Chinese company engaged in the research, development, and manufacturing of radial tires and its related manufacturing technology such as management and control network system and computer systems in China. It offers passenger car tires, card passenger tires, and special tires. The company provides tires in the car series, SUV series, racing series, truck tire series, bus tire series, agricultural tires, among others. Its products are sold in China and other countries.

Sailun Group Co (SHSE:601058) Headlines

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