Baimtec Material Co (SHSE:688563) Days Inventory : 242.31 (As of Mar. 2024)

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What is Baimtec Material Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Baimtec Material Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,255 Mil. Baimtec Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥473 Mil. Hence, Baimtec Material Co's Days Inventory for the three months ended in Mar. 2024 was 242.31.

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

SHSE:688563' s Days Inventory Range Over the Past 10 Years
Min: 216.45 Med: 229.43 Max: 240.19
Current: 222.24

During the past 5 years, Baimtec Material Co's highest Days Inventory was 240.19. The lowest was 216.45. And the median was 229.43.

SHSE:688563's Days Inventory is ranked worse than
68.51% of 289 companies
in the Aerospace & Defense industry
Industry Median: 142.68 vs SHSE:688563: 222.24

Baimtec Material Co's Days Inventory declined from Mar. 2023 (301.64) to Mar. 2024 (242.31).

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. Baimtec Material Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.38.

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. Baimtec Material Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.85.

Baimtec Material Co Days Inventory Historical Data

The historical data trend for Baimtec Material 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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Baimtec Material Co Days Inventory Chart

Baimtec Material Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

229.43

226.73

216.45

240.19

232.11

Baimtec Material Co Quarterly Data
	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial									301.64	240.44	185.11	222.89	242.31

Competitive Comparison of Baimtec Material Co's Days Inventory

For the Aerospace & Defense subindustry, Baimtec Material 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.

Baimtec Material Co's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Baimtec Material Co's Days Inventory distribution charts can be found below:

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

Baimtec Material Co Days Inventory Calculation

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

Baimtec Material 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
=	( (1195.458	+	1244.381)	/	2 )	/	1918.369	*	365
=	1219.9195					/	1918.369	*	365
=	232.11

Baimtec Material 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
=	( (1244.381	+	1265.676)	/	2 )	/	472.626	*	365 / 4
=	1255.0285					/	472.626	*	365 / 4
=	242.31

Baimtec Material Co (SHSE:688563) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	472.626	/	1255.0285
	=	0.38

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1255.0285	/	678.614
	=	1.85

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.

Baimtec Material Co Days Inventory Related Terms

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

Baimtec Material Co (SHSE:688563) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Baimtec Material Co Ltd (SHSE:688563) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Yongxiang North Road, Yongfeng High-tech Industrial Base, Haidian, Beijing, CHN, 100094

Website

http://www.baimtec.com.cn

Baimtec Material Co Ltd is committed to the research, development, manufacture and sales of a series of high-tech products based on aviation new materials, new processes and new technologies. The company's main products cover titanium alloy precision castings, high-temperature alloy master alloys, aircraft windshields, hatch covers, transparent parts and components of observation windows, aerospace rubber, sealants, adhesives, elastic components, etc. in the aerospace and other fields.

Executives

Wu Song Hua

Core technical personnel

Baimtec Material Co (SHSE:688563) Headlines

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