Wuhunlian Forging Co (SZSE:001282) Days Inventory : 97.69 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Wuhunlian Forging Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wuhunlian Forging Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥287 Mil. Wuhunlian Forging Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥268 Mil. Hence, Wuhunlian Forging Co's Days Inventory for the three months ended in Mar. 2024 was 97.69.

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

SZSE:001282' s Days Inventory Range Over the Past 10 Years
Min: 94.83 Med: 103.01 Max: 109.62
Current: 95.13

During the past 5 years, Wuhunlian Forging Co's highest Days Inventory was 109.62. The lowest was 94.83. And the median was 103.01.

SZSE:001282's Days Inventory is ranked worse than
60.62% of 1257 companies
in the Vehicles & Parts industry
Industry Median: 80.93 vs SZSE:001282: 95.13

Wuhunlian Forging Co's Days Inventory declined from Mar. 2023 (126.27) to Mar. 2024 (97.69).

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. Wuhunlian Forging Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.93.

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. Wuhunlian Forging Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.84.

Wuhunlian Forging Co Days Inventory Historical Data

The historical data trend for Wuhunlian Forging 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.

* Premium members only.

Wuhunlian Forging Co Days Inventory Chart

Wuhunlian Forging Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

105.97

94.83

109.62

100.04

Wuhunlian Forging Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial							126.27	102.84	96.29	82.19	97.69

Competitive Comparison of Wuhunlian Forging Co's Days Inventory

For the Auto Parts subindustry, Wuhunlian Forging 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.

Wuhunlian Forging Co's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Wuhunlian Forging Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Wuhunlian Forging Co's Days Inventory falls into.

Wuhunlian Forging Co Days Inventory Calculation

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

Wuhunlian Forging 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
=	( (262.445	+	270.872)	/	2 )	/	972.89	*	365
=	266.6585					/	972.89	*	365
=	100.04

Wuhunlian Forging 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
=	( (270.872	+	302.491)	/	2 )	/	267.771	*	365 / 4
=	286.6815					/	267.771	*	365 / 4
=	97.69

Wuhunlian Forging Co (SZSE:001282) 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.

Wuhunlian Forging Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	267.771	/	286.6815
	=	0.93

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.

Wuhunlian Forging Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	286.6815	/	342.112
	=	0.84

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.

Wuhunlian Forging Co Days Inventory Related Terms

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

Wuhunlian Forging Co (SZSE:001282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wuhu Sanlian Forging Co Ltd (SZSE:001282) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 20, Tianjingshan Road, High-tech Industrial Development Zone, Anhui, Wuhu, CHN, 241003

Website

http://www.wuhusanlian.com

Wuhu Sanlian Forging Co Ltd is mainly engaged in the Research & Development, production, and sales of automotive forged parts. The company's products are mainly used in automotive power systems, transmission systems, steering systems, suspension supports and other systems that require high mechanical performance and safety performance of parts. The company actively develops and deploys the application of forged parts in new energy vehicles, and participates in the development of forged parts for new energy vehicle platforms of well-known OEMs.

Wuhunlian Forging Co (SZSE:001282) Headlines

No Headlines