Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) Days Inventory : 21.31 (As of Mar. 2024)

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What is Shanxi Lu'an Environmental Energy Development Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shanxi Lu'an Environmental Energy Development Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,163 Mil. Shanxi Lu'an Environmental Energy Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,983 Mil. Hence, Shanxi Lu'an Environmental Energy Development Co's Days Inventory for the three months ended in Mar. 2024 was 21.31.

The historical rank and industry rank for Shanxi Lu'an Environmental Energy Development Co's Days Inventory or its related term are showing as below:

SHSE:601699' s Days Inventory Range Over the Past 10 Years
Min: 12.01 Med: 20.7 Max: 48.03
Current: 21.05

During the past 13 years, Shanxi Lu'an Environmental Energy Development Co's highest Days Inventory was 48.03. The lowest was 12.01. And the median was 20.70.

SHSE:601699's Days Inventory is ranked better than
66.09% of 115 companies
in the Other Energy Sources industry
Industry Median: 30.14 vs SHSE:601699: 21.05

Shanxi Lu'an Environmental Energy Development Co's Days Inventory declined from Mar. 2023 (25.04) to Mar. 2024 (21.31).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanxi Lu'an Environmental Energy Development Co's Inventory Turnover for the three months ended in Mar. 2024 was 4.28.

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. Shanxi Lu'an Environmental Energy Development Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.13.

Shanxi Lu'an Environmental Energy Development Co Days Inventory Historical Data

The historical data trend for Shanxi Lu'an Environmental Energy Development 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.

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Shanxi Lu'an Environmental Energy Development Co Days Inventory Chart

Shanxi Lu'an Environmental Energy Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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19.41

15.55

12.01

16.28

19.74

Shanxi Lu'an Environmental Energy Development 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															25.04	25.63	18.35	18.97	21.31

Competitive Comparison of Shanxi Lu'an Environmental Energy Development Co's Days Inventory

For the Thermal Coal subindustry, Shanxi Lu'an Environmental Energy Development 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.

Shanxi Lu'an Environmental Energy Development Co's Days Inventory Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Shanxi Lu'an Environmental Energy Development Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shanxi Lu'an Environmental Energy Development Co's Days Inventory falls into.

Shanxi Lu'an Environmental Energy Development Co Days Inventory Calculation

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

Shanxi Lu'an Environmental Energy Development 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
=	( (1203.854	+	1236.287)	/	2 )	/	22554.92	*	365
=	1220.0705					/	22554.92	*	365
=	19.74

Shanxi Lu'an Environmental Energy Development 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
=	( (1236.287	+	1090.703)	/	2 )	/	4983.107	*	365 / 4
=	1163.495					/	4983.107	*	365 / 4
=	21.31

Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) 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.

Shanxi Lu'an Environmental Energy Development Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4983.107	/	1163.495
	=	4.28

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.

Shanxi Lu'an Environmental Energy Development Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1163.495	/	8659.035
	=	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.

Shanxi Lu'an Environmental Energy Development Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Shanxi Lu'an Environmental Energy Development Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shanxi Lu'an Environmental Energy Development Co Ltd (SHSE:601699) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

North Street, No. 65, High - tech Development Zone, Shanxi Province, Changzhi, CHN, 046204

Website

http://www.luanhn.com

Based in Changzhi City, Shanxi Province, China, Lu'an first listed shares on the A-share market in 2006. As of late 2010, Lu'an Mining Industry Group held a 63.99% stake in Lu'an. Lu'an is mainly engaged in mining, washing, processing and distribution of coal. In 2010, the company produced 33.22 million tons of coals and sold CNY 18.2 billion worth of coal. The company's coal business had a gross margin of 47% in 2010.

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