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Guangdong Songfa Ceramics Co (SHSE:603268) Days Inventory : 389.47 (As of Mar. 2024)


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What is Guangdong Songfa Ceramics Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Guangdong Songfa Ceramics Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥158.4 Mil. Guangdong Songfa Ceramics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥37.1 Mil. Hence, Guangdong Songfa Ceramics Co's Days Inventory for the three months ended in Mar. 2024 was 389.47.

The historical rank and industry rank for Guangdong Songfa Ceramics Co's Days Inventory or its related term are showing as below:

SHSE:603268' s Days Inventory Range Over the Past 10 Years
Min: 101.26   Med: 164.97   Max: 312.18
Current: 312.18

During the past 13 years, Guangdong Songfa Ceramics Co's highest Days Inventory was 312.18. The lowest was 101.26. And the median was 164.97.

SHSE:603268's Days Inventory is ranked worse than
91.63% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 104.19 vs SHSE:603268: 312.18

Guangdong Songfa Ceramics Co's Days Inventory increased from Mar. 2023 (368.30) to Mar. 2024 (389.47). It might indicate that Guangdong Songfa Ceramics Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Guangdong Songfa Ceramics Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.23.

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. Guangdong Songfa Ceramics Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 3.40.


Guangdong Songfa Ceramics Co Days Inventory Historical Data

The historical data trend for Guangdong Songfa Ceramics 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.

Guangdong Songfa Ceramics Co Days Inventory Chart

Guangdong Songfa Ceramics 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 182.39 251.93 213.22 225.17 294.90

Guangdong Songfa Ceramics 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 368.30 311.23 278.36 296.06 389.47

Competitive Comparison of Guangdong Songfa Ceramics Co's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Guangdong Songfa Ceramics 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.


Guangdong Songfa Ceramics Co's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangdong Songfa Ceramics Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Guangdong Songfa Ceramics Co's Days Inventory falls into.



Guangdong Songfa Ceramics Co Days Inventory Calculation

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

Guangdong Songfa Ceramics 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
=( (159.341 + 158.312) / 2 ) / 196.583*365
=158.8265 / 196.583*365
=294.90

Guangdong Songfa Ceramics 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
=( (158.312 + 158.477) / 2 ) / 37.111*365 / 4
=158.3945 / 37.111*365 / 4
=389.47

* 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.


Guangdong Songfa Ceramics Co  (SHSE:603268) 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.

Guangdong Songfa Ceramics 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.

Guangdong Songfa Ceramics 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.


Guangdong Songfa Ceramics Co Days Inventory Related Terms

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


Guangdong Songfa Ceramics Co (SHSE:603268) Business Description

Traded in Other Exchanges
N/A
Address
No. 20, Ruyi Road Industrial Park, Building C2-2, Fengxi District, Chaozhou, CHN, 521031
Guangdong Songfa Ceramics Co Ltd is engaged in research & development, design, production and sale of daily-use ceramics products. It produce household porcelain, custom porcelain and hotel porcelain and other daily-use ceramic products and also products like cover tableware, tea sets, coffee utensils, display porcelain, art collection porcelain and stainless steel, crystal And household items such as glass.
Executives
Lin Dao Fan Director
Dong Wei senior management
You Sha Director
Chen Li Yuan senior management
Zhang Rui Hao senior management
Ceng Wen Guang Director
Lin Qiu Lan Director

Guangdong Songfa Ceramics Co (SHSE:603268) Headlines

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