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Jiangsu Amer New Material Co (SZSE:002201) Days Inventory : 254.09 (As of Mar. 2024)


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What is Jiangsu Amer New Material Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiangsu Amer New Material Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥560 Mil. Jiangsu Amer New Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥201 Mil. Hence, Jiangsu Amer New Material Co's Days Inventory for the three months ended in Mar. 2024 was 254.09.

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

SZSE:002201' s Days Inventory Range Over the Past 10 Years
Min: 63.72   Med: 108.28   Max: 163.3
Current: 163.3

During the past 13 years, Jiangsu Amer New Material Co's highest Days Inventory was 163.30. The lowest was 63.72. And the median was 108.28.

SZSE:002201's Days Inventory is ranked worse than
83.72% of 1493 companies
in the Chemicals industry
Industry Median: 82.59 vs SZSE:002201: 163.30

Jiangsu Amer New Material Co's Days Inventory increased from Mar. 2023 (147.07) to Mar. 2024 (254.09). It might indicate that Jiangsu Amer New Material 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. Jiangsu Amer New Material Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.36.

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. Jiangsu Amer New Material Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 2.04.


Jiangsu Amer New Material Co Days Inventory Historical Data

The historical data trend for Jiangsu Amer New 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.

* Premium members only.

Jiangsu Amer New Material Co Days Inventory Chart

Jiangsu Amer New Material Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 106.30 63.72 88.74 110.26 126.02

Jiangsu Amer New Material 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 147.07 98.22 237.66 155.76 254.09

Competitive Comparison of Jiangsu Amer New Material Co's Days Inventory

For the Specialty Chemicals subindustry, Jiangsu Amer New 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.


Jiangsu Amer New Material Co's Days Inventory Distribution in the Chemicals Industry

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

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



Jiangsu Amer New Material Co Days Inventory Calculation

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

Jiangsu Amer New 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
=( (356.522 + 536.81) / 2 ) / 1293.657*365
=446.666 / 1293.657*365
=126.02

Jiangsu Amer New 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
=( (536.81 + 582.54) / 2 ) / 200.991*365 / 4
=559.675 / 200.991*365 / 4
=254.09

* 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.


Jiangsu Amer New Material Co  (SZSE:002201) 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.

Jiangsu Amer New Material 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.

Jiangsu Amer New Material 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.


Jiangsu Amer New Material Co Days Inventory Related Terms

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


Jiangsu Amer New Material Co (SZSE:002201) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Zhongshan Road, Rugao, Jiangsu, CHN, 226500
Jiangsu Amer New Material Co Ltd is a manufacturing enterprise for advanced fiberglass textiles in China. It specializes in production and sales of glass fiber yarn, fabrics building materials, decoration materials and other textile glass fiber products and fiberglass reinforced plastic products. The company exported its products to more than 50 countries and regions, including North America, Europe, Southeast Asia, Japan and South Korea.

Jiangsu Amer New Material Co (SZSE:002201) Headlines

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