Tangshannyou Chemical Industries Co (SHSE:600409) Days Inventory : 33.08 (As of Mar. 2024)

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What is Tangshannyou Chemical Industries Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tangshannyou Chemical Industries Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,558 Mil. Tangshannyou Chemical Industries Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,296 Mil. Hence, Tangshannyou Chemical Industries Co's Days Inventory for the three months ended in Mar. 2024 was 33.08.

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

SHSE:600409' s Days Inventory Range Over the Past 10 Years
Min: 32.44 Med: 40.44 Max: 46.95
Current: 33.27

During the past 13 years, Tangshannyou Chemical Industries Co's highest Days Inventory was 46.95. The lowest was 32.44. And the median was 40.44.

SHSE:600409's Days Inventory is ranked better than
89.14% of 1492 companies
in the Chemicals industry
Industry Median: 82.18 vs SHSE:600409: 33.27

Tangshannyou Chemical Industries Co's Days Inventory increased from Mar. 2023 (32.92) to Mar. 2024 (33.08). It might indicate that Tangshannyou Chemical Industries Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tangshannyou Chemical Industries Co's Inventory Turnover for the three months ended in Mar. 2024 was 2.76.

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. Tangshannyou Chemical Industries Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.30.

Tangshannyou Chemical Industries Co Days Inventory Historical Data

The historical data trend for Tangshannyou Chemical Industries 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.

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Tangshannyou Chemical Industries Co Days Inventory Chart

Tangshannyou Chemical Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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40.97

39.91

35.62

36.21

32.44

Tangshannyou Chemical Industries 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															32.92	33.94	33.03	30.75	33.08

Competitive Comparison of Tangshannyou Chemical Industries Co's Days Inventory

For the Specialty Chemicals subindustry, Tangshannyou Chemical Industries 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.

Tangshannyou Chemical Industries Co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tangshannyou Chemical Industries Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tangshannyou Chemical Industries Co's Days Inventory falls into.

Tangshannyou Chemical Industries Co Days Inventory Calculation

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

Tangshannyou Chemical Industries 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
=	( (1659.004	+	1444.929)	/	2 )	/	17460.619	*	365
=	1551.9665					/	17460.619	*	365
=	32.44

Tangshannyou Chemical Industries 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
=	( (1444.929	+	1670.112)	/	2 )	/	4296.429	*	365 / 4
=	1557.5205					/	4296.429	*	365 / 4
=	33.08

Tangshannyou Chemical Industries Co (SHSE:600409) 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.

Tangshannyou Chemical Industries Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4296.429	/	1557.5205
	=	2.76

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.

Tangshannyou Chemical Industries Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1557.5205	/	5215.909
	=	0.30

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.

Tangshannyou Chemical Industries Co Days Inventory Related Terms

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

Tangshannyou Chemical Industries Co (SHSE:600409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tangshan Sanyou Chemical Industries Co Ltd (SHSE:600409) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nanbao Development Zone, Tangshan, Hebei, CHN, 063305

Website

http://www.sanyou-chem.com.cn

Tangshan Sanyou Chemical Industries Co Ltd is principally engaged in the production and sale of chemical products. Sanyou's technical process includes squeezing and pressing method, solid phase, and liquid phase. The company offers dense and light soda ash, hydration dense and extrusion dense soda ash, normal, low salt, super-low salt, and special low soda ash, industrial soda ash, food additive soda ash, viscose fiber, PVC and caustic soda products. In addition, the company offers salt products comprising industry salt, refined powder salt, industrial washing brine and magnesium chloride.

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