West China Cement (HKSE:02233) Days Inventory : 123.25 (As of Dec. 2023)

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What is West China Cement Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). West China Cement's Average Total Inventories for the six months ended in Dec. 2023 was HK$2,509 Mil. West China Cement's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,715 Mil. Hence, West China Cement's Days Inventory for the six months ended in Dec. 2023 was 123.25.

The historical rank and industry rank for West China Cement's Days Inventory or its related term are showing as below:

HKSE:02233' s Days Inventory Range Over the Past 10 Years
Min: 43.98 Med: 59.76 Max: 113.27
Current: 113.27

During the past 13 years, West China Cement's highest Days Inventory was 113.27. The lowest was 43.98. And the median was 59.76.

HKSE:02233's Days Inventory is ranked worse than
64.4% of 368 companies
in the Building Materials industry
Industry Median: 83.675 vs HKSE:02233: 113.27

West China Cement's Days Inventory increased from Dec. 2022 (77.79) to Dec. 2023 (123.25). It might indicate that West China Cement's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. West China Cement's Inventory Turnover for the six months ended in Dec. 2023 was 1.48.

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. West China Cement's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.50.

West China Cement Days Inventory Historical Data

The historical data trend for West China Cement'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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West China Cement Days Inventory Chart

West China Cement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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44.30

51.69

59.01

78.33

107.45

West China Cement Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															68.82	84.47	77.79	108.59	123.25

Competitive Comparison of West China Cement's Days Inventory

For the Building Materials subindustry, West China Cement'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.

West China Cement's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, West China Cement's Days Inventory distribution charts can be found below:

* The bar in red indicates where West China Cement's Days Inventory falls into.

West China Cement Days Inventory Calculation

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

West China Cement'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
=	( (1662.63	+	2562.444)	/	2 )	/	7176.154	*	365
=	2112.537					/	7176.154	*	365
=	107.45

West China Cement's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2455.759	+	2562.444)	/	2 )	/	3715.387	*	365 / 2
=	2509.1015					/	3715.387	*	365 / 2
=	123.25

West China Cement (HKSE:02233) 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.

West China Cement's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3715.387	/	2509.1015
	=	1.48

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.

West China Cement's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2509.1015	/	5056.114
	=	0.50

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.

West China Cement Days Inventory Related Terms

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

West China Cement (HKSE:02233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » West China Cement Ltd (HKSE:02233) » Definitions » Days Inventory

Traded in Other Exchanges

WCHNF:USA WFG1:Germany

Address

No. 336 4th Shenzhou Road, Yaobai R&D Training Center, Aerospace Industrial Base, Chang’an District, Xian, Shaanxi, CHN

Website

http://www.westchinacement.com

West China Cement Ltd is a producer of cement and supplies its products to the infrastructure, urban, and rural construction markets in China. The primary use of West China's cement is in the construction of infrastructure projects such as highways, bridges, railways, roads, and residential buildings.

Executives

Conch International Holdings (hk) Limited	2101 Beneficial owner
Zhong Guo Hai Luo Chuang Ye Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
An Hui Hai Luo Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Wu Hu Hai Chuang Shi Ye You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
An Hui Hai Luo Shui Ni Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

West China Cement (HKSE:02233) Headlines

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