The historical rank and industry rank for FSPG Hi-Tech Co's Days Inventory or its related term are showing as below:
SZSE:000973'
s Days Inventory Range Over the Past 10 Years
Min: 83.35 Med: 152.32 Max: 196.46
Current: 109.01
During the past 13 years, FSPG Hi-Tech Co's highest Days Inventory was 196.46. The lowest was 83.35. And the median was 152.32.
SZSE:000973's Days Inventory is ranked worse than 66.13% of 1488
companies
in the Chemicals industry
Industry Median: 81.95
vs SZSE:000973: 109.01
FSPG Hi-Tech Co's Days Inventory
increased
from Mar. 2023 (98.38) to Mar. 2024 (104.15).
It might indicate that FSPG Hi-Tech 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.
FSPG Hi-Tech Co's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.88.
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.
FSPG Hi-Tech Co's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.88.
FSPG Hi-Tech Co Days Inventory Historical Data
The historical data trend for FSPG Hi-Tech 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.
Competitive Comparison of FSPG Hi-Tech Co's Days Inventory
For the Chemicals subindustry, FSPG Hi-Tech 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.
FSPG Hi-Tech Co's Days Inventory Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, FSPG Hi-Tech Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where FSPG Hi-Tech Co's Days Inventory falls into.
FSPG Hi-Tech Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
FSPG Hi-Tech Co's Days Inventory for the fiscal year that ended in Dec. 2023 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.
FSPG Hi-Tech Co (SZSE:000973) 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.
FSPG Hi-Tech 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.
FSPG Hi-Tech 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.
FSPG Hi-Tech Co Days Inventory Related Terms
Thank you for viewing the detailed overview of FSPG Hi-Tech Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
FSPG Hi-Tech Co (SZSE:000973) Business Description
FSPG Hi-Tech Co Ltd is a China-based company primarily engaged in the research and development, production and sale of new energy, new materials, energy saving technologies and environmental protection products. The company offers Packaging materials, such as BOPA, BOPP drinking straw and cigarette packaging materials, and laminated AL films; Electric and optical materials, such as BOPP capacitor and polarizer films; Construction materials comprising woven fabrics and PE-Xc pipes; Personal Healthcare & Clothing Material such as PE Casting Embossed Film and EasyTexTM and Advertisement & Labeling Material includes PVC Film For Graphics Use. Geographically the operations are carried out through China.
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