ZJMI Environmental Energy Co (SHSE:603071) Days Inventory : 24.20 (As of Mar. 2024)

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What is ZJMI Environmental Energy Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ZJMI Environmental Energy Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥2,582 Mil. ZJMI Environmental Energy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥9,736 Mil. Hence, ZJMI Environmental Energy Co's Days Inventory for the three months ended in Mar. 2024 was 24.20.

The historical rank and industry rank for ZJMI Environmental Energy Co's Days Inventory or its related term are showing as below:

SHSE:603071' s Days Inventory Range Over the Past 10 Years
Min: 12.22 Med: 21.24 Max: 27.92
Current: 22.9

During the past 7 years, ZJMI Environmental Energy Co's highest Days Inventory was 27.92. The lowest was 12.22. And the median was 21.24.

SHSE:603071's Days Inventory is ranked better than
63.48% of 115 companies
in the Other Energy Sources industry
Industry Median: 32.53 vs SHSE:603071: 22.90

ZJMI Environmental Energy Co's Days Inventory declined from Mar. 2023 (24.86) to Mar. 2024 (24.20).

Inventory Turnover measures how fast the company turns over its inventory within a year. ZJMI Environmental Energy Co's Inventory Turnover for the three months ended in Mar. 2024 was 3.77.

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. ZJMI Environmental Energy Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.25.

ZJMI Environmental Energy Co Days Inventory Historical Data

The historical data trend for ZJMI Environmental Energy 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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ZJMI Environmental Energy Co Days Inventory Chart

ZJMI Environmental Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

18.34

26.88

21.24

27.58

27.92

ZJMI Environmental Energy Co Quarterly Data
	Dec17	Dec18	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														24.86	23.48	24.11	21.35	24.20

Competitive Comparison of ZJMI Environmental Energy Co's Days Inventory

For the Thermal Coal subindustry, ZJMI Environmental Energy 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.

ZJMI Environmental Energy Co's Days Inventory Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, ZJMI Environmental Energy Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where ZJMI Environmental Energy Co's Days Inventory falls into.

ZJMI Environmental Energy Co Days Inventory Calculation

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

ZJMI Environmental Energy 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
=	( (3952.426	+	2475.173)	/	2 )	/	42019.473	*	365
=	3213.7995					/	42019.473	*	365
=	27.92

ZJMI Environmental Energy 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
=	( (2475.173	+	2688.635)	/	2 )	/	9736.461	*	365 / 4
=	2581.904					/	9736.461	*	365 / 4
=	24.20

ZJMI Environmental Energy Co (SHSE:603071) 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.

ZJMI Environmental Energy Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9736.461	/	2581.904
	=	3.77

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.

ZJMI Environmental Energy Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2581.904	/	10462.405
	=	0.25

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.

ZJMI Environmental Energy Co Days Inventory Related Terms

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

ZJMI Environmental Energy Co (SHSE:603071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » ZJMI Environmental Energy Co Ltd (SHSE:603071) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

137 Qingchun Road, Zhejiang Province, Hangzhou, CHN, 310003

Website

ZJMI Environmental Energy Co Ltd is engaged in mining, processing, and distribution of coal products. The company produces bituminous coals, lean coals, coke coals, anthracite coals, and other related products.

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