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Zhejiang Yonghe Refrigerant Co (SHSE:605020) Days Inventory : 83.07 (As of Mar. 2024)


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What is Zhejiang Yonghe Refrigerant Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zhejiang Yonghe Refrigerant Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥763 Mil. Zhejiang Yonghe Refrigerant Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥838 Mil. Hence, Zhejiang Yonghe Refrigerant Co's Days Inventory for the three months ended in Mar. 2024 was 83.07.

The historical rank and industry rank for Zhejiang Yonghe Refrigerant Co's Days Inventory or its related term are showing as below:

SHSE:605020' s Days Inventory Range Over the Past 10 Years
Min: 44.48   Med: 53.22   Max: 66.78
Current: 66.78

During the past 7 years, Zhejiang Yonghe Refrigerant Co's highest Days Inventory was 66.78. The lowest was 44.48. And the median was 53.22.

SHSE:605020's Days Inventory is ranked better than
62.55% of 1490 companies
in the Chemicals industry
Industry Median: 81.62 vs SHSE:605020: 66.78

Zhejiang Yonghe Refrigerant Co's Days Inventory increased from Mar. 2023 (68.26) to Mar. 2024 (83.07). It might indicate that Zhejiang Yonghe Refrigerant Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang Yonghe Refrigerant Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.10.

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. Zhejiang Yonghe Refrigerant Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.75.


Zhejiang Yonghe Refrigerant Co Days Inventory Historical Data

The historical data trend for Zhejiang Yonghe Refrigerant 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.

Zhejiang Yonghe Refrigerant Co Days Inventory Chart

Zhejiang Yonghe Refrigerant Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 48.91 48.98 53.22 56.45 58.28

Zhejiang Yonghe Refrigerant Co Quarterly Data
Dec17 Dec18 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 68.26 61.08 59.21 60.66 83.07

Competitive Comparison of Zhejiang Yonghe Refrigerant Co's Days Inventory

For the Chemicals subindustry, Zhejiang Yonghe Refrigerant 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.


Zhejiang Yonghe Refrigerant Co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Yonghe Refrigerant Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Zhejiang Yonghe Refrigerant Co's Days Inventory falls into.



Zhejiang Yonghe Refrigerant Co Days Inventory Calculation

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

Zhejiang Yonghe Refrigerant 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
=( (513.268 + 677.768) / 2 ) / 3729.791*365
=595.518 / 3729.791*365
=58.28

Zhejiang Yonghe Refrigerant 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
=( (677.768 + 847.433) / 2 ) / 837.692*365 / 4
=762.6005 / 837.692*365 / 4
=83.07

* 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.


Zhejiang Yonghe Refrigerant Co  (SHSE:605020) 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.

Zhejiang Yonghe Refrigerant 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.

Zhejiang Yonghe Refrigerant 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.


Zhejiang Yonghe Refrigerant Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Zhejiang Yonghe Refrigerant Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Zhejiang Yonghe Refrigerant Co (SHSE:605020) Business Description

Traded in Other Exchanges
N/A
Address
893 Century Avenue, Zhejiang Province, Quzhou, CHN, 324000
Zhejiang Yonghe Refrigerant Co Ltd is engaged in the research and development, production, and sales of fluorine chemicals. The product chain covers fluorite resources, hydrofluoric acid, fluorocarbon chemicals, fluorine-containing polymer materials and others.
Executives
Ying Zhen Zhou senior management
Xu Shui Tu Directors, senior managers
Tong Jian Guo Directors, senior managers
Cheng Wen Xia senior management
Chen Wen Liang Director
Jiang Gen Fa senior management
Zheng Qing Supervisors
Yu Feng Director

Zhejiang Yonghe Refrigerant Co (SHSE:605020) Headlines

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