Zhongfu Shenying Carbon Fiber Co (SHSE:688295) Days Inventory : 140.74 (As of Mar. 2024)

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What is Zhongfu Shenying Carbon Fiber Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zhongfu Shenying Carbon Fiber Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥517 Mil. Zhongfu Shenying Carbon Fiber Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥335 Mil. Hence, Zhongfu Shenying Carbon Fiber Co's Days Inventory for the three months ended in Mar. 2024 was 140.74.

The historical rank and industry rank for Zhongfu Shenying Carbon Fiber Co's Days Inventory or its related term are showing as below:

SHSE:688295' s Days Inventory Range Over the Past 10 Years
Min: 41.69 Med: 58.97 Max: 110.06
Current: 110.06

During the past 6 years, Zhongfu Shenying Carbon Fiber Co's highest Days Inventory was 110.06. The lowest was 41.69. And the median was 58.97.

SHSE:688295's Days Inventory is ranked worse than
66.8% of 1491 companies
in the Chemicals industry
Industry Median: 81.77 vs SHSE:688295: 110.06

Zhongfu Shenying Carbon Fiber Co's Days Inventory increased from Mar. 2023 (81.50) to Mar. 2024 (140.74). It might indicate that Zhongfu Shenying Carbon Fiber 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. Zhongfu Shenying Carbon Fiber Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.65.

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. Zhongfu Shenying Carbon Fiber Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.15.

Zhongfu Shenying Carbon Fiber Co Days Inventory Historical Data

The historical data trend for Zhongfu Shenying Carbon Fiber 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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Zhongfu Shenying Carbon Fiber Co Days Inventory Chart

Zhongfu Shenying Carbon Fiber Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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51.81

41.69

49.15

79.59

88.71

Zhongfu Shenying Carbon Fiber Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial												81.50	113.56	124.66	85.23	140.74

Competitive Comparison of Zhongfu Shenying Carbon Fiber Co's Days Inventory

For the Specialty Chemicals subindustry, Zhongfu Shenying Carbon Fiber 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.

Zhongfu Shenying Carbon Fiber Co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhongfu Shenying Carbon Fiber Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Zhongfu Shenying Carbon Fiber Co's Days Inventory falls into.

Zhongfu Shenying Carbon Fiber Co Days Inventory Calculation

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

Zhongfu Shenying Carbon Fiber 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
=	( (297.721	+	464.348)	/	2 )	/	1567.746	*	365
=	381.0345					/	1567.746	*	365
=	88.71

Zhongfu Shenying Carbon Fiber 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
=	( (464.348	+	569.67)	/	2 )	/	335.204	*	365 / 4
=	517.009					/	335.204	*	365 / 4
=	140.74

Zhongfu Shenying Carbon Fiber Co (SHSE:688295) 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.

Zhongfu Shenying Carbon Fiber Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	335.204	/	517.009
	=	0.65

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.

Zhongfu Shenying Carbon Fiber Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	517.009	/	448.442
	=	1.15

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.

Zhongfu Shenying Carbon Fiber Co Days Inventory Related Terms

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

Zhongfu Shenying Carbon Fiber Co (SHSE:688295) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhongfu Shenying Carbon Fiber Co Ltd (SHSE:688295) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

North of South Ring Road, Economic and Technological Development Zone, Jiangsu Province, Dapu Industrial Zone, Lianyungang, CHN, 222000

Website

http://www.zfsycf.com.cn

Zhongfu Shenying Carbon Fiber Co Ltd is engaged in the research and development, production and sales of carbon fiber and composite materials.

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