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Longyan Kaolin Clay Co (SHSE:605086) Days Inventory : 82.13 (As of Mar. 2024)


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What is Longyan Kaolin Clay Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Longyan Kaolin Clay Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥23.0 Mil. Longyan Kaolin Clay Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥25.5 Mil. Hence, Longyan Kaolin Clay Co's Days Inventory for the three months ended in Mar. 2024 was 82.13.

The historical rank and industry rank for Longyan Kaolin Clay Co's Days Inventory or its related term are showing as below:

SHSE:605086' s Days Inventory Range Over the Past 10 Years
Min: 71.02   Med: 98.1   Max: 110.5
Current: 71.02

During the past 8 years, Longyan Kaolin Clay Co's highest Days Inventory was 110.50. The lowest was 71.02. And the median was 98.10.

SHSE:605086's Days Inventory is ranked better than
61.39% of 663 companies
in the Metals & Mining industry
Industry Median: 88.5 vs SHSE:605086: 71.02

Longyan Kaolin Clay Co's Days Inventory declined from Mar. 2023 (95.81) to Mar. 2024 (82.13).

Inventory Turnover measures how fast the company turns over its inventory within a year. Longyan Kaolin Clay Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.11.

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. Longyan Kaolin Clay Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.34.


Longyan Kaolin Clay Co Days Inventory Historical Data

The historical data trend for Longyan Kaolin Clay 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.

Longyan Kaolin Clay Co Days Inventory Chart

Longyan Kaolin Clay Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 101.22 110.50 93.18 102.39 78.88

Longyan Kaolin Clay Co Quarterly Data
Dec18 Jun19 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 95.81 75.32 67.25 61.14 82.13

Competitive Comparison of Longyan Kaolin Clay Co's Days Inventory

For the Other Industrial Metals & Mining subindustry, Longyan Kaolin Clay 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.


Longyan Kaolin Clay Co's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Longyan Kaolin Clay Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Longyan Kaolin Clay Co's Days Inventory falls into.



Longyan Kaolin Clay Co Days Inventory Calculation

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

Longyan Kaolin Clay 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
=( (28.323 + 23.234) / 2 ) / 119.277*365
=25.7785 / 119.277*365
=78.88

Longyan Kaolin Clay 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
=( (23.234 + 22.718) / 2 ) / 25.527*365 / 4
=22.976 / 25.527*365 / 4
=82.13

* 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.


Longyan Kaolin Clay Co  (SHSE:605086) 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.

Longyan Kaolin Clay 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.

Longyan Kaolin Clay 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.


Longyan Kaolin Clay Co Days Inventory Related Terms

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


Longyan Kaolin Clay Co (SHSE:605086) Business Description

Traded in Other Exchanges
N/A
Address
No.260 Longyan Avenue, Xibei Street, Floor 10-12, State-owned Building, Xinluo District, Fujian Province, Longyan, CHN, 364000
Longyan Kaolin Clay Co Ltd is engaged in the selection, processing and sales of kaolin. The company's main products are kaolin ore, 325 mesh kaolin concentrate, super Longyan kaolin, and modified kaolin. The products have the characteristics of low iron, titanium and other harmful impurities, high firing whiteness, and good ceramic performance. It is widely used in daily ceramics, arts and crafts ceramics and high-end architectural ceramics.

Longyan Kaolin Clay Co (SHSE:605086) Headlines

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