Jiangsu Tongrun Equipment Technology Co (SZSE:002150) Days Inventory : 175.76 (As of Sep. 2024)

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What is Jiangsu Tongrun Equipment Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiangsu Tongrun Equipment Technology Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥1,105 Mil. Jiangsu Tongrun Equipment Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥574 Mil. Hence, Jiangsu Tongrun Equipment Technology Co's Days Inventory for the three months ended in Sep. 2024 was 175.76.

The historical rank and industry rank for Jiangsu Tongrun Equipment Technology Co's Days Inventory or its related term are showing as below:

SZSE:002150' s Days Inventory Range Over the Past 10 Years
Min: 45.98 Med: 60.82 Max: 158.04
Current: 158.04

During the past 13 years, Jiangsu Tongrun Equipment Technology Co's highest Days Inventory was 158.04. The lowest was 45.98. And the median was 60.82.

SZSE:002150's Days Inventory is ranked worse than
65.41% of 2908 companies
in the Industrial Products industry
Industry Median: 122.29 vs SZSE:002150: 158.04

Jiangsu Tongrun Equipment Technology Co's Days Inventory increased from Sep. 2023 (159.05) to Sep. 2024 (175.76). It might indicate that Jiangsu Tongrun Equipment Technology 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 Tongrun Equipment Technology Co's Inventory Turnover for the three months ended in Sep. 2024 was 0.52.

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 Tongrun Equipment Technology Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.33.

Jiangsu Tongrun Equipment Technology Co Days Inventory Historical Data

The historical data trend for Jiangsu Tongrun Equipment Technology 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 Tongrun Equipment Technology Co Days Inventory Chart

Jiangsu Tongrun Equipment Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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53.48

57.12

64.51

96.92

116.52

Jiangsu Tongrun Equipment Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															159.05	132.50	173.27	149.75	175.76

Competitive Comparison of Jiangsu Tongrun Equipment Technology Co's Days Inventory

For the Tools & Accessories subindustry, Jiangsu Tongrun Equipment Technology 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 Tongrun Equipment Technology Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Tongrun Equipment Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jiangsu Tongrun Equipment Technology Co's Days Inventory falls into.

Jiangsu Tongrun Equipment Technology Co Days Inventory Calculation

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

Jiangsu Tongrun Equipment Technology 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
=	( (326.854	+	890.782)	/	2 )	/	1907.197	*	365
=	608.818					/	1907.197	*	365
=	116.52

Jiangsu Tongrun Equipment Technology Co's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1067.072	+	1142.419)	/	2 )	/	573.543	*	365 / 4
=	1104.7455					/	573.543	*	365 / 4
=	175.76

Jiangsu Tongrun Equipment Technology Co (SZSE:002150) 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 Tongrun Equipment Technology Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	573.543	/	1104.7455
	=	0.52

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 Tongrun Equipment Technology Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1104.7455	/	833.516
	=	1.33

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 Tongrun Equipment Technology Co Days Inventory Related Terms

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

Jiangsu Tongrun Equipment Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Tongrun Equipment Technology Co Ltd (SZSE:002150) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tonggang Road, Zhouxing Tonggang Industrial Development Zone, Jiangsu, Changshu, CHN, 215517

Website

http://www.tongrunindustries.com

Jiangsu Tongrun Equipment Technology Co Ltd is engaged in business of sheet metal products and electrical products. The products of the company include metal toolbox cabinets, steel office furniture, precision sheet metal parts, complete set of electrical control cabinets, and high voltage circuit breakers. The company generates majority of revenue from metal tool manufacturing.

Executives

Cai Lan	Directors, executives
Wang Yue Hong	Directors, executives
Liu Zhen Jiang	Directors, executives
Wang Xiang Yuan	Supervisors
Liu Xiao Yu	Securities Affairs Representative
Gao Jin Xiang	Director
Gu Xiong Bin	Director
Shen Hong	Director

Jiangsu Tongrun Equipment Technology Co Headlines

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