Nanjing Canatal Data-Centre Environmental Tech Co (SHSE:603912) Days Inventory : 409.16 (As of Mar. 2024)

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What is Nanjing Canatal Data-Centre Environmental Tech Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nanjing Canatal Data-Centre Environmental Tech Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥375.3 Mil. Nanjing Canatal Data-Centre Environmental Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥83.7 Mil. Hence, Nanjing Canatal Data-Centre Environmental Tech Co's Days Inventory for the three months ended in Mar. 2024 was 409.16.

The historical rank and industry rank for Nanjing Canatal Data-Centre Environmental Tech Co's Days Inventory or its related term are showing as below:

SHSE:603912' s Days Inventory Range Over the Past 10 Years
Min: 191.56 Med: 258.04 Max: 307.04
Current: 274.49

During the past 11 years, Nanjing Canatal Data-Centre Environmental Tech Co's highest Days Inventory was 307.04. The lowest was 191.56. And the median was 258.04.

SHSE:603912's Days Inventory is ranked worse than
87% of 2899 companies
in the Industrial Products industry
Industry Median: 121.51 vs SHSE:603912: 274.49

Nanjing Canatal Data-Centre Environmental Tech Co's Days Inventory increased from Mar. 2023 (304.38) to Mar. 2024 (409.16). It might indicate that Nanjing Canatal Data-Centre Environmental Tech Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nanjing Canatal Data-Centre Environmental Tech Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.22.

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. Nanjing Canatal Data-Centre Environmental Tech Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 3.29.

Nanjing Canatal Data-Centre Environmental Tech Co Days Inventory Historical Data

The historical data trend for Nanjing Canatal Data-Centre Environmental Tech 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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Nanjing Canatal Data-Centre Environmental Tech Co Days Inventory Chart

Nanjing Canatal Data-Centre Environmental Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

234.80

228.70

191.56

206.85

245.62

Nanjing Canatal Data-Centre Environmental Tech 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															304.38	394.43	275.34	178.03	409.16

Competitive Comparison of Nanjing Canatal Data-Centre Environmental Tech Co's Days Inventory

For the Specialty Industrial Machinery subindustry, Nanjing Canatal Data-Centre Environmental Tech 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.

Nanjing Canatal Data-Centre Environmental Tech Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nanjing Canatal Data-Centre Environmental Tech Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nanjing Canatal Data-Centre Environmental Tech Co's Days Inventory falls into.

Nanjing Canatal Data-Centre Environmental Tech Co Days Inventory Calculation

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

Nanjing Canatal Data-Centre Environmental Tech 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
=	( (278.498	+	359.374)	/	2 )	/	473.941	*	365
=	318.936					/	473.941	*	365
=	245.62

Nanjing Canatal Data-Centre Environmental Tech 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
=	( (359.374	+	391.159)	/	2 )	/	83.691	*	365 / 4
=	375.2665					/	83.691	*	365 / 4
=	409.16

Nanjing Canatal Data-Centre Environmental Tech Co (SHSE:603912) 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.

Nanjing Canatal Data-Centre Environmental Tech Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	83.691	/	375.2665
	=	0.22

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.

Nanjing Canatal Data-Centre Environmental Tech Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	375.2665	/	114.228
	=	3.29

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.

Nanjing Canatal Data-Centre Environmental Tech Co Days Inventory Related Terms

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Nanjing Canatal Data-Centre Environmental Tech Co (SHSE:603912) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nanjing Canatal Data-Centre Environmental Tech Co Ltd (SHSE:603912) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road No. 88 Suyuan, Jiangning Economic and Technological Development Zone, Nanjing, CHN, 211111

Website

http://www.canatal.com.cn

Nanjing Canatal Data-Centre Environmental Tech Co Ltd develops and manufactures temperature control equipment. The company also provides integrated solutions and related energy-saving technical services for the precision control of data room and other fields. The company serves a diverse set of customers including government departments and communications, finance, internet, medical, rail transportation, aviation, energy and many other industries.

Executives

Wang Ling Yun	Directors, senior managers
Ye Li Li	senior management
Yuan Yi	senior management
Li Lin Da	Directors, senior managers
Du Ming Wei	Directors, senior managers

Nanjing Canatal Data-Centre Environmental Tech Co (SHSE:603912) Headlines

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