The historical rank and industry rank for New Hope Dairy Co's Days Inventory or its related term are showing as below:
SZSE:002946'
s Days Inventory Range Over the Past 10 Years
Min: 28.45 Med: 32.74 Max: 47.67
Current: 30.67
During the past 10 years, New Hope Dairy Co's highest Days Inventory was 47.67. The lowest was 28.45. And the median was 32.74.
SZSE:002946's Days Inventory is ranked better than 89.21% of 1816
companies
in the Consumer Packaged Goods industry
Industry Median: 81.555
vs SZSE:002946: 30.67
New Hope Dairy Co's Days Inventory
increased
from Sep. 2023 (27.86) to Sep. 2024 (28.04).
It might indicate that New Hope Dairy Co's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
New Hope Dairy Co's Inventory Turnover for the
three
months ended in Sep. 2024 was 3.25.
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 Dairy Co's Inventory-to-Revenue for the
three
months ended in Sep. 2024 was 0.22.
New Hope Dairy Co Days Inventory Historical Data
The historical data trend for New Hope Dairy 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 New Hope Dairy Co's Days Inventory
For the Packaged Foods subindustry, New Hope Dairy 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 Dairy Co's Days Inventory Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, New Hope Dairy Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where New Hope Dairy Co's Days Inventory falls into.
New Hope Dairy Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
New Hope Dairy 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.
New Hope Dairy Co (SZSE:002946) 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 Dairy Co's Inventory Turnover for the
three
months ended in Sep. 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.
New Hope Dairy Co's Inventory to Revenue for the
three
months ended in Sep. 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.
New Hope Dairy Co Days Inventory Related Terms
Thank you for viewing the detailed overview of New Hope Dairy Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
New Hope Dairy Co Ltd is a dairy products supplier in China. The company have 12 dairy enterprises in Southwest China, Eastern China and Northern China, including 4 national enterprises of agricultural industrialization and 8 provincial enterprises.
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