Kangda New Materials (Group) Co (SZSE:002669) Days Inventory : 170.31 (As of Mar. 2024)

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What is Kangda New Materials (Group) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kangda New Materials (Group) Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥815 Mil. Kangda New Materials (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥437 Mil. Hence, Kangda New Materials (Group) Co's Days Inventory for the three months ended in Mar. 2024 was 170.31.

The historical rank and industry rank for Kangda New Materials (Group) Co's Days Inventory or its related term are showing as below:

SZSE:002669' s Days Inventory Range Over the Past 10 Years
Min: 56.45 Med: 70.61 Max: 139.56
Current: 139.56

During the past 13 years, Kangda New Materials (Group) Co's highest Days Inventory was 139.56. The lowest was 56.45. And the median was 70.61.

SZSE:002669's Days Inventory is ranked worse than
77.35% of 1492 companies
in the Chemicals industry
Industry Median: 82.18 vs SZSE:002669: 139.56

Kangda New Materials (Group) Co's Days Inventory increased from Mar. 2023 (119.07) to Mar. 2024 (170.31). It might indicate that Kangda New Materials (Group) 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. Kangda New Materials (Group) Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.54.

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. Kangda New Materials (Group) Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.52.

Kangda New Materials (Group) Co Days Inventory Historical Data

The historical data trend for Kangda New Materials (Group) 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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Kangda New Materials (Group) Co Days Inventory Chart

Kangda New Materials (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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83.65

56.45

60.66

96.83

120.98

Kangda New Materials (Group) 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															119.07	139.15	138.31	120.37	170.31

Competitive Comparison of Kangda New Materials (Group) Co's Days Inventory

For the Specialty Chemicals subindustry, Kangda New Materials (Group) 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.

Kangda New Materials (Group) Co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kangda New Materials (Group) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kangda New Materials (Group) Co's Days Inventory falls into.

Kangda New Materials (Group) Co Days Inventory Calculation

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

Kangda New Materials (Group) 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
=	( (669.71	+	792.861)	/	2 )	/	2206.328	*	365
=	731.2855					/	2206.328	*	365
=	120.98

Kangda New Materials (Group) 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
=	( (792.861	+	837.389)	/	2 )	/	436.731	*	365 / 4
=	815.125					/	436.731	*	365 / 4
=	170.31

Kangda New Materials (Group) Co (SZSE:002669) 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.

Kangda New Materials (Group) Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	436.731	/	815.125
	=	0.54

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.

Kangda New Materials (Group) Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	815.125	/	535.608
	=	1.52

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.

Kangda New Materials (Group) Co Days Inventory Related Terms

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

Kangda New Materials (Group) Co (SZSE:002669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kangda New Materials (Group) Co Ltd (SZSE:002669) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.655, Qingda Road, Pudong New Area, Shanghai, CHN, 201201

Website

http://www.kangda-sh.com

Shanghai Kangda New Materials Co Ltd is mainly engaged in the research, development, production, and sale of adhesive and sealant products. The company provides more than 200 kinds of products, including epoxy adhesive, polyurethane adhesive, acrylate AB adhesive (SGA), cyanoacrylate adhesive, UV curing adhesive, silicon rubber, anaerobic adhesive, butyl hot melt adhesive, industrial repair putty, spray polyurea and others. The products are widely used in the fields of loudspeaker assembling, energy power plants, transportation, anti-corrosion, ports and mines, military equipment, mechanical equipment, electronic appliances, and construction reinforcement.

Executives

Yao Qi Sheng	Directors, executives
Lu Wei	Executives
Wu Ming	Supervisors
Xu Hong Shan	Executives
Wen Dong Hua	Independent director
Wang Zhi Hua	Executives

Kangda New Materials (Group) Co (SZSE:002669) Headlines

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