New Hope Liuhe Co (SZSE:000876) Days Inventory : 46.05 (As of Mar. 2024)

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What is New Hope Liuhe Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). New Hope Liuhe Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥12,420 Mil. New Hope Liuhe Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥24,610 Mil. Hence, New Hope Liuhe Co's Days Inventory for the three months ended in Mar. 2024 was 46.05.

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

SZSE:000876' s Days Inventory Range Over the Past 10 Years
Min: 24.76 Med: 33.81 Max: 46.73
Current: 41.76

During the past 13 years, New Hope Liuhe Co's highest Days Inventory was 46.73. The lowest was 24.76. And the median was 33.81.

SZSE:000876's Days Inventory is ranked better than
82.36% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.33 vs SZSE:000876: 41.76

New Hope Liuhe Co's Days Inventory declined from Mar. 2023 (47.42) to Mar. 2024 (46.05).

Inventory Turnover measures how fast the company turns over its inventory within a year. New Hope Liuhe Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.98.

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. New Hope Liuhe Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.52.

New Hope Liuhe Co Days Inventory Historical Data

The historical data trend for New Hope Liuhe 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.

New Hope Liuhe Co Days Inventory Chart

New Hope Liuhe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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37.19

46.39

46.38

46.73

41.34

New Hope Liuhe 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															47.42	44.36	40.35	38.87	46.05

Competitive Comparison of New Hope Liuhe Co's Days Inventory

For the Farm Products subindustry, New Hope Liuhe 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.

New Hope Liuhe Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, New Hope Liuhe Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where New Hope Liuhe Co's Days Inventory falls into.

New Hope Liuhe Co Days Inventory Calculation

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

New Hope Liuhe 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
=	( (17901.084	+	13315.722)	/	2 )	/	137804.076	*	365
=	15608.403					/	137804.076	*	365
=	41.34

New Hope Liuhe 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
=	( (13315.722	+	11525.138)	/	2 )	/	24609.742	*	365 / 4
=	12420.43					/	24609.742	*	365 / 4
=	46.05

New Hope Liuhe Co (SZSE:000876) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	24609.742	/	12420.43
	=	1.98

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12420.43	/	23908.453
	=	0.52

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.

New Hope Liuhe Co Days Inventory Related Terms

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

New Hope Liuhe Co (SZSE:000876) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » New Hope Liuhe Co Ltd (SZSE:000876) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Mianyang National High-Tech Industrial Development Area, Sichuan Province, Chengdu, CHN, 621006

Website

http://www.newhopeagri.com

New Hope Liuhe Co Ltd engaged in agriculture and animal husbandry products. The company focuses on the development of feed, breeding, meat products, and financial investment. It derives maximum revenue from China and also has a presence in Vietnam, the Philippines, Bangladesh, Indonesia, Cambodia, Sri Lanka, Singapore, and Egypt.

New Hope Liuhe Co (SZSE:000876) Headlines

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