Ningbo TIP Rubber Technology Co (SHSE:605255) Days Inventory : 90.65 (As of Mar. 2024)

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What is Ningbo TIP Rubber Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ningbo TIP Rubber Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥57.1 Mil. Ningbo TIP Rubber Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥57.5 Mil. Hence, Ningbo TIP Rubber Technology Co's Days Inventory for the three months ended in Mar. 2024 was 90.65.

The historical rank and industry rank for Ningbo TIP Rubber Technology Co's Days Inventory or its related term are showing as below:

SHSE:605255' s Days Inventory Range Over the Past 10 Years
Min: 74.98 Med: 100.51 Max: 118.2
Current: 90.25

During the past 8 years, Ningbo TIP Rubber Technology Co's highest Days Inventory was 118.20. The lowest was 74.98. And the median was 100.51.

SHSE:605255's Days Inventory is ranked worse than
57.74% of 1254 companies
in the Vehicles & Parts industry
Industry Median: 80.76 vs SHSE:605255: 90.25

Ningbo TIP Rubber Technology Co's Days Inventory declined from Mar. 2023 (109.31) to Mar. 2024 (90.65).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ningbo TIP Rubber Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.01.

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. Ningbo TIP Rubber Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.64.

Ningbo TIP Rubber Technology Co Days Inventory Historical Data

The historical data trend for Ningbo TIP Rubber Technology 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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Ningbo TIP Rubber Technology Co Days Inventory Chart

Ningbo TIP Rubber Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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94.75

111.65

118.20

111.16

106.26

Ningbo TIP Rubber Technology 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															109.31	99.39	83.87	88.60	90.65

Competitive Comparison of Ningbo TIP Rubber Technology Co's Days Inventory

For the Auto Parts subindustry, Ningbo TIP Rubber Technology 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.

Ningbo TIP Rubber Technology Co's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo TIP Rubber Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ningbo TIP Rubber Technology Co's Days Inventory falls into.

Ningbo TIP Rubber Technology Co Days Inventory Calculation

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

Ningbo TIP Rubber Technology 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
=	( (67.437	+	61.7)	/	2 )	/	221.798	*	365
=	64.5685					/	221.798	*	365
=	106.26

Ningbo TIP Rubber Technology 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
=	( (61.7	+	52.532)	/	2 )	/	57.491	*	365 / 4
=	57.116					/	57.491	*	365 / 4
=	90.65

Ningbo TIP Rubber Technology Co (SHSE:605255) 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.

Ningbo TIP Rubber Technology Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	57.491	/	57.116
	=	1.01

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.

Ningbo TIP Rubber Technology Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	57.116	/	89.544
	=	0.64

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.

Ningbo TIP Rubber Technology Co Days Inventory Related Terms

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

Ningbo TIP Rubber Technology Co (SHSE:605255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo TIP Rubber Technology Co Ltd (SHSE:605255) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 5, Jinlong Road, Taoyuan Street, Ninghai County, Zhejiang Province, Ningbo, CHN, 315600

Website

http://www.tipgroupm.com

Ningbo TIP Rubber Technology Co Ltd is engaged in production and sales of automotive polymer fluid piping system and sealing system parts and assemblies. The company's products include Water hose; Fuel hose; Moulded part; Assembly; Rubber compound; metal processing / plastic part; and Hydraulic hose.

Ningbo TIP Rubber Technology Co (SHSE:605255) Headlines

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