Zhengzhou Qianweiyangchu Food Co (SZSE:001215) Days Inventory : 64.82 (As of Mar. 2024)

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What is Zhengzhou Qianweiyangchu Food Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zhengzhou Qianweiyangchu Food Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥245 Mil. Zhengzhou Qianweiyangchu Food Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥346 Mil. Hence, Zhengzhou Qianweiyangchu Food Co's Days Inventory for the three months ended in Mar. 2024 was 64.82.

The historical rank and industry rank for Zhengzhou Qianweiyangchu Food Co's Days Inventory or its related term are showing as below:

SZSE:001215' s Days Inventory Range Over the Past 10 Years
Min: 33.38 Med: 51.34 Max: 58.1
Current: 58.1

During the past 7 years, Zhengzhou Qianweiyangchu Food Co's highest Days Inventory was 58.10. The lowest was 33.38. And the median was 51.34.

SZSE:001215's Days Inventory is ranked better than
68.61% of 1781 companies
in the Consumer Packaged Goods industry
Industry Median: 82.52 vs SZSE:001215: 58.10

Zhengzhou Qianweiyangchu Food Co's Days Inventory increased from Mar. 2023 (54.39) to Mar. 2024 (64.82). It might indicate that Zhengzhou Qianweiyangchu Food Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhengzhou Qianweiyangchu Food Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.41.

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. Zhengzhou Qianweiyangchu Food Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.53.

Zhengzhou Qianweiyangchu Food Co Days Inventory Historical Data

The historical data trend for Zhengzhou Qianweiyangchu Food 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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Zhengzhou Qianweiyangchu Food Co Days Inventory Chart

Zhengzhou Qianweiyangchu Food Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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42.06

53.14

51.34

55.15

51.71

Zhengzhou Qianweiyangchu Food Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial														54.39	60.75	58.20	50.45	64.82

Competitive Comparison of Zhengzhou Qianweiyangchu Food Co's Days Inventory

For the Packaged Foods subindustry, Zhengzhou Qianweiyangchu Food 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.

Zhengzhou Qianweiyangchu Food Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zhengzhou Qianweiyangchu Food Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Zhengzhou Qianweiyangchu Food Co's Days Inventory falls into.

Zhengzhou Qianweiyangchu Food Co Days Inventory Calculation

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

Zhengzhou Qianweiyangchu Food 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
=	( (182.446	+	228.465)	/	2 )	/	1450.324	*	365
=	205.4555					/	1450.324	*	365
=	51.71

Zhengzhou Qianweiyangchu Food 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
=	( (228.465	+	262.45)	/	2 )	/	345.547	*	365 / 4
=	245.4575					/	345.547	*	365 / 4
=	64.82

Zhengzhou Qianweiyangchu Food Co (SZSE:001215) 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.

Zhengzhou Qianweiyangchu Food Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	345.547	/	245.4575
	=	1.41

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.

Zhengzhou Qianweiyangchu Food Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	245.4575	/	463.496
	=	0.53

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.

Zhengzhou Qianweiyangchu Food Co Days Inventory Related Terms

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

Zhengzhou Qianweiyangchu Food Co (SZSE:001215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhengzhou Qianweiyangchu Food Co Ltd (SZSE:001215) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Zhengzhou High-tech Zone, No. 2, Hongfengli, Henan Province, Zhengzhou, CHN, 450001

Website

https://www.qianweiyangchu.com

Zhengzhou Qianwei Central Kitchen Food Co Ltd is engaged in production and sales of quick-frozen noodle products for catering companies.

Executives

Xu Zhen Jiang	Secretary Dong
Wang Zhi Bin	Director
Sun Jian	Director
Bai Rui	Director
Shi Qiu Mei	Supervisors
Wang Shan Shan	Director

Zhengzhou Qianweiyangchu Food Co (SZSE:001215) Headlines

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