China Anchu Energy Storage Group (HKSE:02399) Days Inventory : 31.49 (As of Dec. 2023)

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What is China Anchu Energy Storage Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Anchu Energy Storage Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$47.5 Mil. China Anchu Energy Storage Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$275.5 Mil. Hence, China Anchu Energy Storage Group's Days Inventory for the six months ended in Dec. 2023 was 31.49.

The historical rank and industry rank for China Anchu Energy Storage Group's Days Inventory or its related term are showing as below:

HKSE:02399' s Days Inventory Range Over the Past 10 Years
Min: 18.03 Med: 33.33 Max: 79.1
Current: 34.83

During the past 11 years, China Anchu Energy Storage Group's highest Days Inventory was 79.10. The lowest was 18.03. And the median was 33.33.

HKSE:02399's Days Inventory is ranked better than
91.21% of 1012 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.685 vs HKSE:02399: 34.83

China Anchu Energy Storage Group's Days Inventory increased from Dec. 2022 (30.79) to Dec. 2023 (31.49). It might indicate that China Anchu Energy Storage Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Anchu Energy Storage Group's Inventory Turnover for the six months ended in Dec. 2023 was 5.80.

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. China Anchu Energy Storage Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.13.

China Anchu Energy Storage Group Days Inventory Historical Data

The historical data trend for China Anchu Energy Storage 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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China Anchu Energy Storage Group Days Inventory Chart

China Anchu Energy Storage Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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60.67

79.10

59.62

35.04

31.61

China Anchu Energy Storage 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															38.58	35.59	30.79	41.52	31.49

Competitive Comparison of China Anchu Energy Storage Group's Days Inventory

For the Apparel Manufacturing subindustry, China Anchu Energy Storage 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.

China Anchu Energy Storage Group's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Anchu Energy Storage Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Anchu Energy Storage Group's Days Inventory falls into.

China Anchu Energy Storage Group Days Inventory Calculation

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

China Anchu Energy Storage 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
=	( (60.647	+	33.58)	/	2 )	/	543.972	*	365
=	47.1135					/	543.972	*	365
=	31.61

China Anchu Energy Storage 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
=	( (61.508	+	33.58)	/	2 )	/	275.523	*	365 / 2
=	47.544					/	275.523	*	365 / 2
=	31.49

China Anchu Energy Storage Group (HKSE:02399) 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.

China Anchu Energy Storage Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	275.523	/	47.544
	=	5.80

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.

China Anchu Energy Storage Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	47.544	/	358.785
	=	0.13

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.

China Anchu Energy Storage Group Days Inventory Related Terms

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

China Anchu Energy Storage Group (HKSE:02399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Anchu Energy Storage Group Ltd (HKSE:02399) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fordoo Industrial Zone E12, Xunmei Industrial Zone, Fengze District, Fujian Province, Quanzhou, CHN

Website

https://www.fordoo.cn

China Anchu Energy Storage Group Ltd formerly China Fordoo Holdings Ltd is engaged in the sales of menswear apparel and brand licensing. It is also involved in the sales of industrial products to customers located in Saudi Arabia. The segments of the group are Menswear Apparel and Industrial Products. In the Menswear apparel division, the company offers Men's trousers, Men's tops and Accessories. The principal place of the group's operation is in PRC.

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