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Zhuzhou Smelter Group Co (SHSE:600961) Days Inventory : 44.23 (As of Mar. 2024)


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What is Zhuzhou Smelter Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zhuzhou Smelter Group Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,955 Mil. Zhuzhou Smelter Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,034 Mil. Hence, Zhuzhou Smelter Group Co's Days Inventory for the three months ended in Mar. 2024 was 44.23.

The historical rank and industry rank for Zhuzhou Smelter Group Co's Days Inventory or its related term are showing as below:

SHSE:600961' s Days Inventory Range Over the Past 10 Years
Min: 24.93   Med: 42.5   Max: 45.84
Current: 41.77

During the past 13 years, Zhuzhou Smelter Group Co's highest Days Inventory was 45.84. The lowest was 24.93. And the median was 42.50.

SHSE:600961's Days Inventory is ranked better than
79.76% of 662 companies
in the Metals & Mining industry
Industry Median: 88.535 vs SHSE:600961: 41.77

Zhuzhou Smelter Group Co's Days Inventory increased from Mar. 2023 (44.06) to Mar. 2024 (44.23). It might indicate that Zhuzhou Smelter Group Co'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. Zhuzhou Smelter Group Co's Inventory Turnover for the three months ended in Mar. 2024 was 2.06.

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. Zhuzhou Smelter Group Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.44.


Zhuzhou Smelter Group Co Days Inventory Historical Data

The historical data trend for Zhuzhou Smelter Group 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.

Zhuzhou Smelter Group Co Days Inventory Chart

Zhuzhou Smelter Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.49 26.19 24.93 29.87 42.50

Zhuzhou Smelter Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.06 38.36 42.09 45.67 44.23

Competitive Comparison of Zhuzhou Smelter Group Co's Days Inventory

For the Other Industrial Metals & Mining subindustry, Zhuzhou Smelter Group 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.


Zhuzhou Smelter Group Co's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Zhuzhou Smelter Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Zhuzhou Smelter Group Co's Days Inventory falls into.



Zhuzhou Smelter Group Co Days Inventory Calculation

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

Zhuzhou Smelter Group 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
=( (1923.672 + 2209.98) / 2 ) / 17750.124*365
=2066.826 / 17750.124*365
=42.50

Zhuzhou Smelter Group 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
=( (2209.98 + 1700.747) / 2 ) / 4034.202*365 / 4
=1955.3635 / 4034.202*365 / 4
=44.23

* 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.


Zhuzhou Smelter Group Co  (SHSE:600961) 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.

Zhuzhou Smelter Group Co's Inventory Turnover for the three months ended in Mar. 2024 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.

Zhuzhou Smelter Group Co's Inventory to Revenue for the three months ended in Mar. 2024 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.


Zhuzhou Smelter Group Co Days Inventory Related Terms

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


Zhuzhou Smelter Group Co (SHSE:600961) Business Description

Traded in Other Exchanges
N/A
Address
Qingshuitang, Shifeng District, Hunan Province, Zhuzhou, CHN, 412007
Zhuzhou Smelter Group Co Ltd produces and sells lead, zinc, and alloy products in China. Further, the group comprehensively recovers various rare metals such as copper, gold, silver, antimony, cadmium, indium and antimony and sulfuric acid. Geographically it operates through the region of China.
Executives
Wu Meng Qiu Director

Zhuzhou Smelter Group Co (SHSE:600961) Headlines

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