Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Days Inventory : 140.01 (As of Mar. 2024)

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What is Asia-Potash International Investment (Guangzhou) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Asia-Potash International Investment (Guangzhou) Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥456 Mil. Asia-Potash International Investment (Guangzhou) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥297 Mil. Hence, Asia-Potash International Investment (Guangzhou) Co's Days Inventory for the three months ended in Mar. 2024 was 140.01.

The historical rank and industry rank for Asia-Potash International Investment (Guangzhou) Co's Days Inventory or its related term are showing as below:

SZSE:000893' s Days Inventory Range Over the Past 10 Years
Min: 13.93 Med: 59.93 Max: 123.21
Current: 77.17

During the past 13 years, Asia-Potash International Investment (Guangzhou) Co's highest Days Inventory was 123.21. The lowest was 13.93. And the median was 59.93.

SZSE:000893's Days Inventory is ranked better than
69.87% of 229 companies
in the Agriculture industry
Industry Median: 111.24 vs SZSE:000893: 77.17

Asia-Potash International Investment (Guangzhou) Co's Days Inventory increased from Mar. 2023 (68.50) to Mar. 2024 (140.01). It might indicate that Asia-Potash International Investment (Guangzhou) Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Asia-Potash International Investment (Guangzhou) 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. Asia-Potash International Investment (Guangzhou) Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.72.

Asia-Potash International Investment (Guangzhou) Co Days Inventory Historical Data

The historical data trend for Asia-Potash International Investment (Guangzhou) 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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Asia-Potash International Investment (Guangzhou) Co Days Inventory Chart

Asia-Potash International Investment (Guangzhou) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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76.34

123.21

94.00

51.12

68.73

Asia-Potash International Investment (Guangzhou) 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															68.50	46.65	64.26	73.75	140.01

Competitive Comparison of Asia-Potash International Investment (Guangzhou) Co's Days Inventory

For the Agricultural Inputs subindustry, Asia-Potash International Investment (Guangzhou) 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.

Asia-Potash International Investment (Guangzhou) Co's Days Inventory Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Asia-Potash International Investment (Guangzhou) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Asia-Potash International Investment (Guangzhou) Co's Days Inventory falls into.

Asia-Potash International Investment (Guangzhou) Co Days Inventory Calculation

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

Asia-Potash International Investment (Guangzhou) 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
=	( (188.924	+	417.06)	/	2 )	/	1609.113	*	365
=	302.992					/	1609.113	*	365
=	68.73

Asia-Potash International Investment (Guangzhou) 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
=	( (417.06	+	494.629)	/	2 )	/	297.099	*	365 / 4
=	455.8445					/	297.099	*	365 / 4
=	140.01

Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) 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.

Asia-Potash International Investment (Guangzhou) Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	297.099	/	455.8445
	=	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.

Asia-Potash International Investment (Guangzhou) Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	455.8445	/	633.276
	=	0.72

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.

Asia-Potash International Investment (Guangzhou) Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Asia-Potash International Investment (Guangzhou) Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Asia-Potash International Investment (Guangzhou) Co Ltd (SZSE:000893) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1166 Xin Gang East Road, 19th Floor, South Tower, International Commerce Place, Guangzhou, CHN, 510330

Website

http://www.dongling.cn

Asia-Potash International Investment (Guangzhou) Co Ltd, formerly Donlinks International Investment Co Ltd is primarily involved in the grain trading activities. It trades in corns, sorghums, feeds barleys, DDGs, and others. Further, it is also engaged in the business of overseas dry bulk carriers such as coal and iron ore and provides logistics solution. The business activities are carried out through China.

Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Headlines

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