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Tianqi Lithium (HKSE:09696) Days Inventory : 180.11 (As of Dec. 2023)


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What is Tianqi Lithium Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tianqi Lithium's Average Total Inventories for the three months ended in Dec. 2023 was HK$3,534 Mil. Tianqi Lithium's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$1,790 Mil. Hence, Tianqi Lithium's Days Inventory for the three months ended in Dec. 2023 was 180.11.

The historical rank and industry rank for Tianqi Lithium's Days Inventory or its related term are showing as below:

HKSE:09696' s Days Inventory Range Over the Past 10 Years
Min: 94.06   Med: 157.96   Max: 255.97
Current: 255.97

During the past 5 years, Tianqi Lithium's highest Days Inventory was 255.97. The lowest was 94.06. And the median was 157.96.

HKSE:09696's Days Inventory is ranked worse than
87.9% of 661 companies
in the Metals & Mining industry
Industry Median: 88.64 vs HKSE:09696: 255.97

Tianqi Lithium's Days Inventory increased from Sep. 2022 (109.19) to Dec. 2023 (180.11). It might indicate that Tianqi Lithium'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. Tianqi Lithium's Inventory Turnover for the three months ended in Dec. 2023 was 0.51.

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. Tianqi Lithium's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.46.


Tianqi Lithium Days Inventory Historical Data

The historical data trend for Tianqi Lithium'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.

Tianqi Lithium Days Inventory Chart

Tianqi Lithium Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
157.96 165.45 106.34 94.06 159.73

Tianqi Lithium Quarterly Data
Dec19 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 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 79.87 - 237.49 180.11 217.00

Competitive Comparison of Tianqi Lithium's Days Inventory

For the Other Industrial Metals & Mining subindustry, Tianqi Lithium'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.


Tianqi Lithium's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tianqi Lithium's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tianqi Lithium's Days Inventory falls into.



Tianqi Lithium Days Inventory Calculation

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

Tianqi Lithium'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
=( (2394.173 + 3445.95) / 2 ) / 6672.581*365
=2920.0615 / 6672.581*365
=159.73

Tianqi Lithium'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: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (3621.35 + 3445.95) / 2 ) / 1790.303*365 / 4
=3533.65 / 1790.303*365 / 4
=180.11

* 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.


Tianqi Lithium  (HKSE:09696) 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.

Tianqi Lithium's Inventory Turnover for the three months ended in Dec. 2023 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.

Tianqi Lithium's Inventory to Revenue for the three months ended in Dec. 2023 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.


Tianqi Lithium Days Inventory Related Terms

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


Tianqi Lithium (HKSE:09696) Business Description

Traded in Other Exchanges
Address
No. 10 East Gaopeng Road, Building 1, Hi-Tech Zone, Sichuan, Chengdu, CHN
Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Tianqi Lithium (HKSE:09696) Headlines

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