Shenzhen Cereals Holdings Co (SZSE:000019) Days Inventory : 358.85 (As of Mar. 2024)

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What is Shenzhen Cereals Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shenzhen Cereals Holdings Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥3,415 Mil. Shenzhen Cereals Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥868 Mil. Hence, Shenzhen Cereals Holdings Co's Days Inventory for the three months ended in Mar. 2024 was 358.85.

The historical rank and industry rank for Shenzhen Cereals Holdings Co's Days Inventory or its related term are showing as below:

SZSE:000019' s Days Inventory Range Over the Past 10 Years
Min: 57.07 Med: 160.67 Max: 282.49
Current: 257.34

During the past 13 years, Shenzhen Cereals Holdings Co's highest Days Inventory was 282.49. The lowest was 57.07. And the median was 160.67.

SZSE:000019's Days Inventory is ranked worse than
91.32% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 81.945 vs SZSE:000019: 257.34

Shenzhen Cereals Holdings Co's Days Inventory increased from Mar. 2023 (308.39) to Mar. 2024 (358.85). It might indicate that Shenzhen Cereals Holdings 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. Shenzhen Cereals Holdings Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.25.

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. Shenzhen Cereals Holdings Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 3.18.

Shenzhen Cereals Holdings Co Days Inventory Historical Data

The historical data trend for Shenzhen Cereals Holdings 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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Shenzhen Cereals Holdings Co Days Inventory Chart

Shenzhen Cereals Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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107.73

110.32

141.71

179.62

246.32

Shenzhen Cereals Holdings 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															308.39	266.49	234.74	208.89	358.85

Competitive Comparison of Shenzhen Cereals Holdings Co's Days Inventory

For the Packaged Foods subindustry, Shenzhen Cereals Holdings 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.

Shenzhen Cereals Holdings Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shenzhen Cereals Holdings Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shenzhen Cereals Holdings Co's Days Inventory falls into.

Shenzhen Cereals Holdings Co Days Inventory Calculation

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

Shenzhen Cereals Holdings 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
=	( (3599.042	+	3458.444)	/	2 )	/	5228.845	*	365
=	3528.743					/	5228.845	*	365
=	246.32

Shenzhen Cereals Holdings 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
=	( (3458.444	+	3371.155)	/	2 )	/	868.329	*	365 / 4
=	3414.7995					/	868.329	*	365 / 4
=	358.85

Shenzhen Cereals Holdings Co (SZSE:000019) 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.

Shenzhen Cereals Holdings Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	868.329	/	3414.7995
	=	0.25

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.

Shenzhen Cereals Holdings Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3414.7995	/	1072.963
	=	3.18

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.

Shenzhen Cereals Holdings Co Days Inventory Related Terms

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

Shenzhen Cereals Holdings Co (SZSE:000019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shenzhen Cereals Holdings Co Ltd (SZSE:000019) » Definitions » Days Inventory

Traded in Other Exchanges

200019:China

Address

No. 9 Fuhong Road, 13th Floor, Tower A, World Trade Plaza, Futian District, Shenzhen, CHN, 518033

Website

http://www.slkg1949.com

Shenzhen Cereals Holdings Co Ltd is in the business of tea refining and tea sales, tea e-commerce, food and beverage, research and development. Its products include instant tea powder, juice, oyster sauce, chicken and seafood sauce, lemon tea, herbal tea, and other drinks. The company sells its products under the brand names of Golden eagle, Jufangyong, Gutan, Fuhai tong, Mitsui, Shenbao and others. It focuses on tea industry development, established industrial chain involving tea cultivation, purified tea, tea extract, tea cultural experience, e-commerce, tea trading platform, and finance. The company is also engaged in grain and oil processing and sale of flour, rice, cooking oil and other products.

Shenzhen Cereals Holdings Co (SZSE:000019) Headlines

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