Tianfangbiao Standardization Certification and Testing Co (BJSE:871753) Days Inventory : 1.69 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Tianfangbiao Standardization Certification and Testing Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tianfangbiao Standardization Certification and Testing Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥0.4 Mil. Tianfangbiao Standardization Certification and Testing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥21.8 Mil. Hence, Tianfangbiao Standardization Certification and Testing Co's Days Inventory for the three months ended in Mar. 2024 was 1.69.

The historical rank and industry rank for Tianfangbiao Standardization Certification and Testing Co's Days Inventory or its related term are showing as below:

BJSE:871753' s Days Inventory Range Over the Past 10 Years
Min: 0.56 Med: 2.48 Max: 2.9
Current: 2.77

During the past 9 years, Tianfangbiao Standardization Certification and Testing Co's highest Days Inventory was 2.90. The lowest was 0.56. And the median was 2.48.

BJSE:871753's Days Inventory is ranked better than
83.21% of 679 companies
in the Business Services industry
Industry Median: 29.67 vs BJSE:871753: 2.77

Tianfangbiao Standardization Certification and Testing Co's Days Inventory declined from Mar. 2023 (3.71) to Mar. 2024 (1.69).

Inventory Turnover measures how fast the company turns over its inventory within a year. Tianfangbiao Standardization Certification and Testing Co's Inventory Turnover for the three months ended in Mar. 2024 was 54.14.

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. Tianfangbiao Standardization Certification and Testing Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.01.

Tianfangbiao Standardization Certification and Testing Co Days Inventory Historical Data

The historical data trend for Tianfangbiao Standardization Certification and Testing 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.

Tianfangbiao Standardization Certification and Testing Co Days Inventory Chart

Tianfangbiao Standardization Certification and Testing Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

2.85

2.17

1.80

2.90

2.79

Tianfangbiao Standardization Certification and Testing Co Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															3.71	5.26	2.81	2.17	1.69

Competitive Comparison of Tianfangbiao Standardization Certification and Testing Co's Days Inventory

For the Specialty Business Services subindustry, Tianfangbiao Standardization Certification and Testing 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.

Tianfangbiao Standardization Certification and Testing Co's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Tianfangbiao Standardization Certification and Testing Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tianfangbiao Standardization Certification and Testing Co's Days Inventory falls into.

Tianfangbiao Standardization Certification and Testing Co Days Inventory Calculation

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

Tianfangbiao Standardization Certification and Testing 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
=	( (0.757	+	0.443)	/	2 )	/	78.455	*	365
=	0.6					/	78.455	*	365
=	2.79

Tianfangbiao Standardization Certification and Testing 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
=	( (0.443	+	0.362)	/	2 )	/	21.792	*	365 / 4
=	0.4025					/	21.792	*	365 / 4
=	1.69

Tianfangbiao Standardization Certification and Testing Co (BJSE:871753) 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.

Tianfangbiao Standardization Certification and Testing Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	21.792	/	0.4025
	=	54.14

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.

Tianfangbiao Standardization Certification and Testing Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.4025	/	33.992
	=	0.01

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.

Tianfangbiao Standardization Certification and Testing Co Days Inventory Related Terms

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

Tianfangbiao Standardization Certification and Testing Co (BJSE:871753) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Tianfangbiao Standardization Certification and Testing Co Ltd (BJSE:871753) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 158, Hanghai Road,, Tianjin Pilot Free Trade Zone, Airport Economic Zone, Tianjin, CHN, 300308

Website

http://www.cnttts.com

Tianfangbiao Standardization Certification and Testing Co Ltd engage in testing and inspection services for consumer goods, medical devices, and industrial products. Its services comprise Product quality testing and certification services; technical consultation and technical services for textile testing and testing standards; development, consulting, service, transfer, and standard formulation of product quality testing technologies; development, sales, appraisal, and leasing of testing equipment; entrusted testing of product quality.

Tianfangbiao Standardization Certification and Testing Co (BJSE:871753) Headlines

No Headlines