Wuxi Fangsheng Heat Exchanger (BJSE:832662) Days Inventory : 63.52 (As of Mar. 2024)

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What is Wuxi Fangsheng Heat Exchanger Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wuxi Fangsheng Heat Exchanger's Average Total Inventories for the three months ended in Mar. 2024 was ¥31.8 Mil. Wuxi Fangsheng Heat Exchanger's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥45.7 Mil. Hence, Wuxi Fangsheng Heat Exchanger's Days Inventory for the three months ended in Mar. 2024 was 63.52.

The historical rank and industry rank for Wuxi Fangsheng Heat Exchanger's Days Inventory or its related term are showing as below:

BJSE:832662' s Days Inventory Range Over the Past 10 Years
Min: 40.27 Med: 50.31 Max: 58.28
Current: 49.58

During the past 11 years, Wuxi Fangsheng Heat Exchanger's highest Days Inventory was 58.28. The lowest was 40.27. And the median was 50.31.

BJSE:832662's Days Inventory is ranked better than
88.57% of 2913 companies
in the Industrial Products industry
Industry Median: 120.53 vs BJSE:832662: 49.58

Wuxi Fangsheng Heat Exchanger's Days Inventory increased from Mar. 2023 (56.41) to Mar. 2024 (63.52). It might indicate that Wuxi Fangsheng Heat Exchanger's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Wuxi Fangsheng Heat Exchanger's Inventory Turnover for the three months ended in Mar. 2024 was 1.44.

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. Wuxi Fangsheng Heat Exchanger's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.52.

Wuxi Fangsheng Heat Exchanger Days Inventory Historical Data

The historical data trend for Wuxi Fangsheng Heat Exchanger'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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Wuxi Fangsheng Heat Exchanger Days Inventory Chart

Wuxi Fangsheng Heat Exchanger Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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50.94

46.48

40.27

43.64

47.73

Wuxi Fangsheng Heat Exchanger 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															56.41	45.50	42.27	44.61	63.52

Competitive Comparison of Wuxi Fangsheng Heat Exchanger's Days Inventory

For the Specialty Industrial Machinery subindustry, Wuxi Fangsheng Heat Exchanger'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.

Wuxi Fangsheng Heat Exchanger's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuxi Fangsheng Heat Exchanger's Days Inventory distribution charts can be found below:

* The bar in red indicates where Wuxi Fangsheng Heat Exchanger's Days Inventory falls into.

Wuxi Fangsheng Heat Exchanger Days Inventory Calculation

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

Wuxi Fangsheng Heat Exchanger'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
=	( (31.42	+	30.546)	/	2 )	/	236.938	*	365
=	30.983					/	236.938	*	365
=	47.73

Wuxi Fangsheng Heat Exchanger'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
=	( (30.546	+	33.008)	/	2 )	/	45.652	*	365 / 4
=	31.777					/	45.652	*	365 / 4
=	63.52

Wuxi Fangsheng Heat Exchanger (BJSE:832662) 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.

Wuxi Fangsheng Heat Exchanger's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	45.652	/	31.777
	=	1.44

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.

Wuxi Fangsheng Heat Exchanger's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	31.777	/	61.527
	=	0.52

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.

Wuxi Fangsheng Heat Exchanger Days Inventory Related Terms

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

Wuxi Fangsheng Heat Exchanger (BJSE:832662) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Fangsheng Heat Exchanger Corp Ltd (BJSE:832662) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

30, Changkang Road, Mashan No. 5 Bridge, Binhu District, Jiangsu Province, Wuxi City, CHN, 214092

Website

http://www.fscoolers.com

Wuxi Fangsheng Heat Exchanger Corp Ltd engages in research and development, design, production, and sales of plate-fin heat exchangers and heat exchange systems. Its Heat Exchangers are widely applied in many fields such as construction machinery, new energy system, and rail transit.

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