Shougang Fushan Resources Group (HKSE:00639) Days Inventory : 17.04 (As of Dec. 2023)

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What is Shougang Fushan Resources Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shougang Fushan Resources Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$114 Mil. Shougang Fushan Resources Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,215 Mil. Hence, Shougang Fushan Resources Group's Days Inventory for the six months ended in Dec. 2023 was 17.04.

The historical rank and industry rank for Shougang Fushan Resources Group's Days Inventory or its related term are showing as below:

HKSE:00639' s Days Inventory Range Over the Past 10 Years
Min: 11.52 Med: 28.97 Max: 55.52
Current: 13.5

During the past 13 years, Shougang Fushan Resources Group's highest Days Inventory was 55.52. The lowest was 11.52. And the median was 28.97.

HKSE:00639's Days Inventory is ranked better than
96.87% of 575 companies
in the Steel industry
Industry Median: 85.66 vs HKSE:00639: 13.50

Shougang Fushan Resources Group's Days Inventory increased from Dec. 2022 (11.53) to Dec. 2023 (17.04). It might indicate that Shougang Fushan Resources Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shougang Fushan Resources Group's Inventory Turnover for the six months ended in Dec. 2023 was 10.71.

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. Shougang Fushan Resources Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.05.

Shougang Fushan Resources Group Days Inventory Historical Data

The historical data trend for Shougang Fushan Resources Group'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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Shougang Fushan Resources Group Days Inventory Chart

Shougang Fushan Resources Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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24.61

21.85

18.64

11.52

12.62

Shougang Fushan Resources Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															18.84	14.38	11.53	10.82	17.04

Competitive Comparison of Shougang Fushan Resources Group's Days Inventory

For the Coking Coal subindustry, Shougang Fushan Resources Group'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.

Shougang Fushan Resources Group's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shougang Fushan Resources Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shougang Fushan Resources Group's Days Inventory falls into.

Shougang Fushan Resources Group Days Inventory Calculation

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

Shougang Fushan Resources Group'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
=	( (42.046	+	125.636)	/	2 )	/	2425.04	*	365
=	83.841					/	2425.04	*	365
=	12.62

Shougang Fushan Resources Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (101.369	+	125.636)	/	2 )	/	1215.386	*	365 / 2
=	113.5025					/	1215.386	*	365 / 2
=	17.04

Shougang Fushan Resources Group (HKSE:00639) 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.

Shougang Fushan Resources Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1215.386	/	113.5025
	=	10.71

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.

Shougang Fushan Resources Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	113.5025	/	2448.763
	=	0.05

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.

Shougang Fushan Resources Group Days Inventory Related Terms

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

Shougang Fushan Resources Group (HKSE:00639) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shougang Fushan Resources Group Ltd (HKSE:00639) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

FSHYF:USA FU7:Germany

Address

56 Gloucester Road, 6th Floor, Bank of East Asia Harbour View Centre, Wanchai, Hong Kong, HKG

Website

http://www.shougang-resources.com.hk

Shougang Fushan Resources Group Ltd is engaged in coking coal mining, production and sales of coking coal products in the PRC. It derives revenue from the sale of clean coking coal and raw coking coal. The group has three operating coking coal mines and three coal preparation plants. The group has a business presence in the PRC and Hong Kong.

Shougang Fushan Resources Group (HKSE:00639) Headlines

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