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Xinjiang Qingsong Building Materials and Chemicals (Group) Co (SHSE:600425) Days Inventory : 178.36 (As of Mar. 2024)


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What is Xinjiang Qingsong Building Materials and Chemicals (Group) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Xinjiang Qingsong Building Materials and Chemicals (Group) Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥833 Mil. Xinjiang Qingsong Building Materials and Chemicals (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥426 Mil. Hence, Xinjiang Qingsong Building Materials and Chemicals (Group) Co's Days Inventory for the three months ended in Mar. 2024 was 178.36.

The historical rank and industry rank for Xinjiang Qingsong Building Materials and Chemicals (Group) Co's Days Inventory or its related term are showing as below:

SHSE:600425' s Days Inventory Range Over the Past 10 Years
Min: 68.4   Med: 99.18   Max: 213.25
Current: 83.78

During the past 13 years, Xinjiang Qingsong Building Materials and Chemicals (Group) Co's highest Days Inventory was 213.25. The lowest was 68.40. And the median was 99.18.

SHSE:600425's Days Inventory is ranked worse than
50.41% of 369 companies
in the Building Materials industry
Industry Median: 83.57 vs SHSE:600425: 83.78

Xinjiang Qingsong Building Materials and Chemicals (Group) Co's Days Inventory increased from Mar. 2023 (144.94) to Mar. 2024 (178.36). It might indicate that Xinjiang Qingsong Building Materials and Chemicals (Group) Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Xinjiang Qingsong Building Materials and Chemicals (Group) Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.51.

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. Xinjiang Qingsong Building Materials and Chemicals (Group) Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.70.


Xinjiang Qingsong Building Materials and Chemicals (Group) Co Days Inventory Historical Data

The historical data trend for Xinjiang Qingsong Building Materials and Chemicals (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.

Xinjiang Qingsong Building Materials and Chemicals (Group) Co Days Inventory Chart

Xinjiang Qingsong Building Materials and Chemicals (Group) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 88.91 78.76 68.40 97.68 86.11

Xinjiang Qingsong Building Materials and Chemicals (Group) 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 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 144.94 57.56 56.98 86.04 178.36

Competitive Comparison of Xinjiang Qingsong Building Materials and Chemicals (Group) Co's Days Inventory

For the Building Materials subindustry, Xinjiang Qingsong Building Materials and Chemicals (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.


Xinjiang Qingsong Building Materials and Chemicals (Group) Co's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Xinjiang Qingsong Building Materials and Chemicals (Group) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Xinjiang Qingsong Building Materials and Chemicals (Group) Co's Days Inventory falls into.



Xinjiang Qingsong Building Materials and Chemicals (Group) Co Days Inventory Calculation

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

Xinjiang Qingsong Building Materials and Chemicals (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
=( (870.92 + 722.376) / 2 ) / 3376.94*365
=796.648 / 3376.94*365
=86.11

Xinjiang Qingsong Building Materials and Chemicals (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
=( (722.376 + 943.978) / 2 ) / 426.264*365 / 4
=833.177 / 426.264*365 / 4
=178.36

* 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.


Xinjiang Qingsong Building Materials and Chemicals (Group) Co  (SHSE:600425) 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.

Xinjiang Qingsong Building Materials and Chemicals (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.

Xinjiang Qingsong Building Materials and Chemicals (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.


Xinjiang Qingsong Building Materials and Chemicals (Group) Co Days Inventory Related Terms

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Xinjiang Qingsong Building Materials and Chemicals (Group) Co (SHSE:600425) Business Description

Traded in Other Exchanges
N/A
Address
Linyuan, Akesu, Xinjiang, CHN, 843005
Xinjiang Qingsong Building Materials and Chemicals (Group) Co Ltd produces building materials and chemical products in China. Its products include cement, cement products, refined oil, phosphate fertilizers, potassium sulfate, and barite powder compound fertilizers.

Xinjiang Qingsong Building Materials and Chemicals (Group) Co (SHSE:600425) Headlines

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