ABA Chemicals (SZSE:300261) Days Inventory : 298.85 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is ABA Chemicals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ABA Chemicals's Average Total Inventories for the three months ended in Mar. 2024 was ¥601 Mil. ABA Chemicals's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥184 Mil. Hence, ABA Chemicals's Days Inventory for the three months ended in Mar. 2024 was 298.85.

The historical rank and industry rank for ABA Chemicals's Days Inventory or its related term are showing as below:

SZSE:300261' s Days Inventory Range Over the Past 10 Years
Min: 84.58 Med: 116.86 Max: 241.31
Current: 241.31

During the past 13 years, ABA Chemicals's highest Days Inventory was 241.31. The lowest was 84.58. And the median was 116.86.

SZSE:300261's Days Inventory is ranked worse than
92.02% of 1491 companies
in the Chemicals industry
Industry Median: 83.31 vs SZSE:300261: 241.31

ABA Chemicals's Days Inventory increased from Mar. 2023 (132.11) to Mar. 2024 (298.85). It might indicate that ABA Chemicals'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. ABA Chemicals's Inventory Turnover for the three months ended in Mar. 2024 was 0.31.

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. ABA Chemicals's Inventory-to-Revenue for the three months ended in Mar. 2024 was 2.73.

ABA Chemicals Days Inventory Historical Data

The historical data trend for ABA Chemicals'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.

ABA Chemicals Days Inventory Chart

ABA Chemicals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

96.01

86.72

93.02

115.61

202.43

ABA Chemicals 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															132.11	190.82	304.09	212.51	298.85

Competitive Comparison of ABA Chemicals's Days Inventory

For the Chemicals subindustry, ABA Chemicals'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.

ABA Chemicals's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, ABA Chemicals's Days Inventory distribution charts can be found below:

* The bar in red indicates where ABA Chemicals's Days Inventory falls into.

ABA Chemicals Days Inventory Calculation

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

ABA Chemicals'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
=	( (498.373	+	587.282)	/	2 )	/	978.749	*	365
=	542.8275					/	978.749	*	365
=	202.43

ABA Chemicals'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
=	( (587.282	+	614.977)	/	2 )	/	183.546	*	365 / 4
=	601.1295					/	183.546	*	365 / 4
=	298.85

ABA Chemicals (SZSE:300261) 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.

ABA Chemicals's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	183.546	/	601.1295
	=	0.31

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.

ABA Chemicals's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	601.1295	/	219.942
	=	2.73

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.

ABA Chemicals Days Inventory Related Terms

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

ABA Chemicals (SZSE:300261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ABA Chemicals Corp (SZSE:300261) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 18 Dongfang East Road, Port Development Zone, Taicang Port, Petrochemical District, Jiangsu Province, Shanghai, CHN, 215433

Website

http://www.abachem.com

ABA Chemicals Corp is a Chinese company integrating research and development, production and sales in the field of life sciences. It is principally engaged in the production of advanced intermediates, active pharmaceutical ingredients (APIs), and pesticide products. Some of the products offered by the company are Acridine, Snail, Fluorourea, Pentanoyl chloride, Fondaparinux, and Levetiracetam.

ABA Chemicals (SZSE:300261) Headlines

No Headlines