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Eastroc Beverage (Group) Co (SHSE:605499) Days Inventory : 23.27 (As of Mar. 2024)


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What is Eastroc Beverage (Group) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Eastroc Beverage (Group) Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥508 Mil. Eastroc Beverage (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,993 Mil. Hence, Eastroc Beverage (Group) Co's Days Inventory for the three months ended in Mar. 2024 was 23.27.

The historical rank and industry rank for Eastroc Beverage (Group) Co's Days Inventory or its related term are showing as below:

SHSE:605499' s Days Inventory Range Over the Past 10 Years
Min: 20.73   Med: 28.29   Max: 33.21
Current: 20.73

During the past 7 years, Eastroc Beverage (Group) Co's highest Days Inventory was 33.21. The lowest was 20.73. And the median was 28.29.

SHSE:605499's Days Inventory is ranked better than
98.54% of 205 companies
in the Beverages - Alcoholic industry
Industry Median: 158.99 vs SHSE:605499: 20.73

Eastroc Beverage (Group) Co's Days Inventory declined from Mar. 2023 (23.90) to Mar. 2024 (23.27).

Inventory Turnover measures how fast the company turns over its inventory within a year. Eastroc Beverage (Group) Co's Inventory Turnover for the three months ended in Mar. 2024 was 3.92.

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. Eastroc Beverage (Group) Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.15.


Eastroc Beverage (Group) Co Days Inventory Historical Data

The historical data trend for Eastroc Beverage (Group) 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.

Eastroc Beverage (Group) Co Days Inventory Chart

Eastroc Beverage (Group) Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 27.18 31.92 28.81 27.32 27.41

Eastroc Beverage (Group) Co Quarterly Data
Dec17 Dec18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.90 18.92 15.41 26.35 23.27

Competitive Comparison of Eastroc Beverage (Group) Co's Days Inventory

For the Beverages - Brewers subindustry, Eastroc Beverage (Group) 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.


Eastroc Beverage (Group) Co's Days Inventory Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Eastroc Beverage (Group) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Eastroc Beverage (Group) Co's Days Inventory falls into.



Eastroc Beverage (Group) Co Days Inventory Calculation

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

Eastroc Beverage (Group) 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
=( (394.22 + 568.601) / 2 ) / 6411.654*365
=481.4105 / 6411.654*365
=27.41

Eastroc Beverage (Group) 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
=( (568.601 + 447.998) / 2 ) / 1992.82*365 / 4
=508.2995 / 1992.82*365 / 4
=23.27

* 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.


Eastroc Beverage (Group) Co  (SHSE:605499) 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.

Eastroc Beverage (Group) Co's Inventory Turnover for the three months ended in Mar. 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.

Eastroc Beverage (Group) Co's Inventory to Revenue for the three months ended in Mar. 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.


Eastroc Beverage (Group) Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Eastroc Beverage (Group) Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Eastroc Beverage (Group) Co (SHSE:605499) Business Description

Traded in Other Exchanges
N/A
Address
No. 142, Zhuguang North Road, Taoyuan Street, 1st Floor, Building 3, Zhongguan Honghualing Industrial West Zone, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057
Eastroc Beverage (Group) Co Ltd is engaged in the research and development, production and sales of beverages.

Eastroc Beverage (Group) Co (SHSE:605499) Headlines

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