Grandit Co (SHSE:688549) Days Inventory : 87.06 (As of Mar. 2024)

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What is Grandit Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Grandit Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥190.3 Mil. Grandit Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥199.5 Mil. Hence, Grandit Co's Days Inventory for the three months ended in Mar. 2024 was 87.06.

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

SHSE:688549' s Days Inventory Range Over the Past 10 Years
Min: 36.91 Med: 56.02 Max: 84.34
Current: 83.68

During the past 6 years, Grandit Co's highest Days Inventory was 84.34. The lowest was 36.91. And the median was 56.02.

SHSE:688549's Days Inventory is ranked worse than
50.94% of 1494 companies
in the Chemicals industry
Industry Median: 82.18 vs SHSE:688549: 83.68

Grandit Co's Days Inventory increased from Mar. 2023 (79.05) to Mar. 2024 (87.06). It might indicate that Grandit 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. Grandit Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.05.

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. Grandit Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.81.

Grandit Co Days Inventory Historical Data

The historical data trend for Grandit 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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Grandit Co Days Inventory Chart

Grandit Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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39.81

36.91

56.02

84.34

Grandit Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial										79.05	79.87	72.56	84.90	87.06

Competitive Comparison of Grandit Co's Days Inventory

For the Specialty Chemicals subindustry, Grandit 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.

Grandit Co's Days Inventory Distribution in the Chemicals Industry

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

* The bar in red indicates where Grandit Co's Days Inventory falls into.

Grandit Co Days Inventory Calculation

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

Grandit 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
=	( (136.733	+	194.016)	/	2 )	/	715.68	*	365
=	165.3745					/	715.68	*	365
=	84.34

Grandit 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
=	( (194.016	+	186.642)	/	2 )	/	199.493	*	365 / 4
=	190.329					/	199.493	*	365 / 4
=	87.06

Grandit Co (SHSE:688549) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	199.493	/	190.329
	=	1.05

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	190.329	/	233.647
	=	0.81

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.

Grandit Co Days Inventory Related Terms

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

Grandit Co (SHSE:688549) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Grandit Co Ltd (SHSE:688549) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Southeast Times City, Room 857, Building 3, Zhejiang, Quzhou, CHN, 324004

Website

https://www.grandit.com.cn

Grandit Co Ltd focuses on the research & development, production and sales of electronic chemical materials required by the semiconductor industry such as integrated circuits and display panels. The company's business has covered three major business segments: electronic wet chemicals, electronic specialty gases and precursor materials.

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