ReTo Eco-Solutions (ReTo Eco-Solutions) Days Inventory : 92.77 (As of Jun. 2023)

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What is ReTo Eco-Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ReTo Eco-Solutions's Average Total Inventories for the six months ended in Jun. 2023 was $0.58 Mil. ReTo Eco-Solutions's Cost of Goods Sold for the six months ended in Jun. 2023 was $1.14 Mil. Hence, ReTo Eco-Solutions's Days Inventory for the six months ended in Jun. 2023 was 92.77.

The historical rank and industry rank for ReTo Eco-Solutions's Days Inventory or its related term are showing as below:

RETO' s Days Inventory Range Over the Past 10 Years
Min: 25.83 Med: 36.07 Max: 85.17
Current: 55.05

During the past 8 years, ReTo Eco-Solutions's highest Days Inventory was 85.17. The lowest was 25.83. And the median was 36.07.

RETO's Days Inventory is ranked better than
71% of 369 companies
in the Building Materials industry
Industry Median: 83.41 vs RETO: 55.05

ReTo Eco-Solutions's Days Inventory increased from Jun. 2022 (45.24) to Jun. 2023 (92.77). It might indicate that ReTo Eco-Solutions's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. ReTo Eco-Solutions's Inventory Turnover for the six months ended in Jun. 2023 was 1.97.

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. ReTo Eco-Solutions's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.47.

ReTo Eco-Solutions Days Inventory Historical Data

The historical data trend for ReTo Eco-Solutions'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.

ReTo Eco-Solutions Days Inventory Chart

ReTo Eco-Solutions Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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33.75

32.54

37.65

50.20

25.83

ReTo Eco-Solutions Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial											78.21	83.73	45.24	32.45	92.77

Competitive Comparison of ReTo Eco-Solutions's Days Inventory

For the Building Materials subindustry, ReTo Eco-Solutions'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.

ReTo Eco-Solutions's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, ReTo Eco-Solutions's Days Inventory distribution charts can be found below:

* The bar in red indicates where ReTo Eco-Solutions's Days Inventory falls into.

ReTo Eco-Solutions Days Inventory Calculation

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

ReTo Eco-Solutions's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.464	+	0.338)	/	2 )	/	5.667	*	365
=	0.401					/	5.667	*	365
=	25.83

ReTo Eco-Solutions's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.338	+	0.821)	/	2 )	/	1.14	*	365 / 2
=	0.5795					/	1.14	*	365 / 2
=	92.77

ReTo Eco-Solutions (NAS:RETO) 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.

ReTo Eco-Solutions's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.14	/	0.5795
	=	1.97

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.

ReTo Eco-Solutions's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.5795	/	1.234
	=	0.47

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.

ReTo Eco-Solutions Days Inventory Related Terms

Thank you for viewing the detailed overview of ReTo Eco-Solutions's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

ReTo Eco-Solutions (ReTo Eco-Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » ReTo Eco-Solutions Inc (NAS:RETO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Beijing REIT Technology Development Co., Ltd., X-702, Runfengdeshangyuan, 60 Anli Road, Chaoyang District, Beijing, CHN, 100101

Website

http://www.retoeco.com

ReTo Eco-Solutions Inc is a manufacturer and distributor of eco-friendly construction materials and fly-ash, as well as equipment used to produce these eco-friendly construction materials. The company engaged in providing consultation, design, project implementation and construction of urban ecological environments for capturing, controlling and re-using rainwater. It operates through four segments namely Machinery and Equipment sales, Construction materials sales, Municipal Construction Projects, and Technology Consulting and other services. The company earns its revenue from Machinery and Equipment sales segment. Geographically, it derives a majority of its revenue from China.