Huadi International Group Co (Huadi International Group Co) Days Inventory : 129.80 (As of Sep. 2023)

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What is Huadi International Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Huadi International Group Co's Average Total Inventories for the six months ended in Sep. 2023 was $28.27 Mil. Huadi International Group Co's Cost of Goods Sold for the six months ended in Sep. 2023 was $39.75 Mil. Hence, Huadi International Group Co's Days Inventory for the six months ended in Sep. 2023 was 129.80.

The historical rank and industry rank for Huadi International Group Co's Days Inventory or its related term are showing as below:

HUDI' s Days Inventory Range Over the Past 10 Years
Min: 130.77 Med: 139.15 Max: 171.43
Current: 137.62

During the past 6 years, Huadi International Group Co's highest Days Inventory was 171.43. The lowest was 130.77. And the median was 139.15.

HUDI's Days Inventory is ranked worse than
77.22% of 575 companies
in the Steel industry
Industry Median: 85.66 vs HUDI: 137.62

Huadi International Group Co's Days Inventory declined from Sep. 2022 (138.38) to Sep. 2023 (129.80).

Inventory Turnover measures how fast the company turns over its inventory within a year. Huadi International Group Co's Inventory Turnover for the six months ended in Sep. 2023 was 1.41.

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. Huadi International Group Co's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.61.

Huadi International Group Co Days Inventory Historical Data

The historical data trend for Huadi International 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.

Huadi International Group Co Days Inventory Chart

Huadi International Group Co Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

Get a 7-Day Free Trial

143.39

145.64

134.90

133.14

130.77

Huadi International Group Co Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial						122.94	147.91	138.38	154.93	129.80

Competitive Comparison of Huadi International Group Co's Days Inventory

For the Steel subindustry, Huadi International 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.

Huadi International Group Co's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Huadi International Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Huadi International Group Co's Days Inventory falls into.

Huadi International Group Co Days Inventory Calculation

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

Huadi International Group Co's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (24.868	+	26.707)	/	2 )	/	71.976	*	365
=	25.7875					/	71.976	*	365
=	130.77

Huadi International Group Co's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (29.841	+	26.707)	/	2 )	/	39.754	*	365 / 2
=	28.274					/	39.754	*	365 / 2
=	129.80

Huadi International Group Co (NAS:HUDI) 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.

Huadi International Group Co's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	39.754	/	28.274
	=	1.41

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.

Huadi International Group Co's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	28.274	/	46.38
	=	0.61

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.

Huadi International Group Co Days Inventory Related Terms

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Huadi International Group Co (Huadi International Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Huadi International Group Co Ltd (NAS:HUDI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1688 Tianzhong Street, Longwan District, Zhejiang Province, Wenzhou, CHN, 325025

Website

http://www.huadigroup.com

Huadi International Group Co Ltd is a manufacturer of industrial stainless steel seamless pipes and tubes products. Its products are used in the oil & gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, automobile and naval architecture, paper mill and mechanical industries. Products are exported to the United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, UAE and Canada. Geographically, majority revenue is generated from China.