Kangxin New Materials Co (SHSE:600076) Days Inventory : 6,383.39 (As of Mar. 2024)

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What is Kangxin New Materials Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kangxin New Materials Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥3,874.9 Mil. Kangxin New Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥55.4 Mil. Hence, Kangxin New Materials Co's Days Inventory for the three months ended in Mar. 2024 was 6,383.39.

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

SHSE:600076' s Days Inventory Range Over the Past 10 Years
Min: 381.34 Med: 602.19 Max: 4669.83
Current: 4256.59

During the past 13 years, Kangxin New Materials Co's highest Days Inventory was 4669.83. The lowest was 381.34. And the median was 602.19.

SHSE:600076's Days Inventory is ranked worse than
99.28% of 278 companies
in the Forest Products industry
Industry Median: 88.235 vs SHSE:600076: 4256.59

Kangxin New Materials Co's Days Inventory declined from Mar. 2023 (16,292.75) to Mar. 2024 (6,383.39).

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. Kangxin New Materials Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.01.

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. Kangxin New Materials Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 73.80.

Kangxin New Materials Co Days Inventory Historical Data

The historical data trend for Kangxin New Materials 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.

Kangxin New Materials Co Days Inventory Chart

Kangxin New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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698.12

1,109.09

1,205.51

3,386.31

4,669.83

Kangxin New Materials 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															16,292.75	13,570.91	7,101.75	1,761.29	6,383.39

Competitive Comparison of Kangxin New Materials Co's Days Inventory

For the Lumber & Wood Production subindustry, Kangxin New Materials 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.

Kangxin New Materials Co's Days Inventory Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Kangxin New Materials Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kangxin New Materials Co's Days Inventory falls into.

Kangxin New Materials Co Days Inventory Calculation

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

Kangxin New Materials 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
=	( (3848.21	+	3853.329)	/	2 )	/	300.981	*	365
=	3850.7695					/	300.981	*	365
=	4,669.83

Kangxin New Materials 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
=	( (3853.329	+	3896.425)	/	2 )	/	55.391	*	365 / 4
=	3874.877					/	55.391	*	365 / 4
=	6,383.39

Kangxin New Materials Co (SHSE:600076) 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.

Kangxin New Materials Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	55.391	/	3874.877
	=	0.01

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3874.877	/	52.506
	=	73.80

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.

Kangxin New Materials Co Days Inventory Related Terms

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

Kangxin New Materials Co (SHSE:600076) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Kangxin New Materials Co Ltd (SHSE:600076) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wuhan East Lake Central Lake Road No. 57, Jinyinhu Withub 30, Hubei Province, Wuhan, CHN

Website

http://www.hbkangxin.com.cn

Kangxin New Materials Co Ltd engages in the collection, afforestation, processing, and sale of timber products in China. It also designs and produces building structural materials; and produces wood structural housing products. The company's products include COSB composite, multi-layer solid wood, and bamboo and wood composite container flooring products; civil sheets comprise building templates, ordinary COSB boards, environmental protection boards, and COSB boards; and landscape and green seedlings.

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