Tangshan Jidong Cement Co (SZSE:000401) Days Inventory : 89.65 (As of Mar. 2024)

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What is Tangshan Jidong Cement Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tangshan Jidong Cement Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥3,356 Mil. Tangshan Jidong Cement Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,416 Mil. Hence, Tangshan Jidong Cement Co's Days Inventory for the three months ended in Mar. 2024 was 89.65.

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

SZSE:000401' s Days Inventory Range Over the Past 10 Years
Min: 33.5 Med: 47.47 Max: 70.38
Current: 58.6

During the past 13 years, Tangshan Jidong Cement Co's highest Days Inventory was 70.38. The lowest was 33.50. And the median was 47.47.

SZSE:000401's Days Inventory is ranked better than
68.21% of 368 companies
in the Building Materials industry
Industry Median: 83.49 vs SZSE:000401: 58.60

Tangshan Jidong Cement Co's Days Inventory increased from Mar. 2023 (79.23) to Mar. 2024 (89.65). It might indicate that Tangshan Jidong Cement Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tangshan Jidong Cement Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.02.

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. Tangshan Jidong Cement Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.00.

Tangshan Jidong Cement Co Days Inventory Historical Data

The historical data trend for Tangshan Jidong Cement 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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Tangshan Jidong Cement Co Days Inventory Chart

Tangshan Jidong Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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45.29

42.60

40.50

49.65

54.36

Tangshan Jidong Cement 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															79.23	49.68	54.92	53.68	89.65

Competitive Comparison of Tangshan Jidong Cement Co's Days Inventory

For the Building Materials subindustry, Tangshan Jidong Cement 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.

Tangshan Jidong Cement Co's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Tangshan Jidong Cement Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tangshan Jidong Cement Co's Days Inventory falls into.

Tangshan Jidong Cement Co Days Inventory Calculation

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

Tangshan Jidong Cement 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
=	( (4285.344	+	3133.745)	/	2 )	/	24908.899	*	365
=	3709.5445					/	24908.899	*	365
=	54.36

Tangshan Jidong Cement 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
=	( (3133.745	+	3578.056)	/	2 )	/	3415.968	*	365 / 4
=	3355.9005					/	3415.968	*	365 / 4
=	89.65

Tangshan Jidong Cement Co (SZSE:000401) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3415.968	/	3355.9005
	=	1.02

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3355.9005	/	3340.72
	=	1.00

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.

Tangshan Jidong Cement Co Days Inventory Related Terms

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

Tangshan Jidong Cement Co (SZSE:000401) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tangshan Jidong Cement Co Ltd (SZSE:000401) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Linyin Road, Fengrun District, Hebei Province, Tangshan, CHN, 064000

Website

http://www.jdsn.com.cn

Tangshan Jidong Cement Co Ltd is a China-based company engages in the manufacturing and selling of cement and clinker. Its products and services include English and American standard Portland cement, road Portland cement, slag Portland cement, and compound cement as well as logistics services. Its products are mainly used in the civil engineering, hydraulic construction, national defense and other projects.

Tangshan Jidong Cement Co (SZSE:000401) Headlines

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