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Shandong Tengda Fasten Tech Co (SZSE:001379) Days Inventory : 108.87 (As of Mar. 2024)


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What is Shandong Tengda Fasten Tech Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shandong Tengda Fasten Tech Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥454 Mil. Shandong Tengda Fasten Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥380 Mil. Hence, Shandong Tengda Fasten Tech Co's Days Inventory for the three months ended in Mar. 2024 was 108.87.

The historical rank and industry rank for Shandong Tengda Fasten Tech Co's Days Inventory or its related term are showing as below:

SZSE:001379' s Days Inventory Range Over the Past 10 Years
Min: 83.27   Med: 94.93   Max: 120.6
Current: 100.84

During the past 5 years, Shandong Tengda Fasten Tech Co's highest Days Inventory was 120.60. The lowest was 83.27. And the median was 94.93.

SZSE:001379's Days Inventory is ranked better than
60.48% of 2910 companies
in the Industrial Products industry
Industry Median: 120.125 vs SZSE:001379: 100.84

Shandong Tengda Fasten Tech Co's Days Inventory increased from Mar. 2023 (108.75) to Mar. 2024 (108.87). It might indicate that Shandong Tengda Fasten Tech 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. Shandong Tengda Fasten Tech Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.84.

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. Shandong Tengda Fasten Tech Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.10.

Shandong Tengda Fasten Tech Co Days Inventory Historical Data

The historical data trend for Shandong Tengda Fasten Tech 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.

Shandong Tengda Fasten Tech Co Days Inventory Chart

Shandong Tengda Fasten Tech Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
120.60 94.93 83.74 83.27 105.61

Shandong Tengda Fasten Tech Co Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 108.75 85.81 95.17 113.11 108.87

Competitive Comparison of Shandong Tengda Fasten Tech Co's Days Inventory

For the Tools & Accessories subindustry, Shandong Tengda Fasten Tech 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.

Shandong Tengda Fasten Tech Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shandong Tengda Fasten Tech Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shandong Tengda Fasten Tech Co's Days Inventory falls into.


Shandong Tengda Fasten Tech Co Days Inventory Calculation

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

Shandong Tengda Fasten Tech 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
=( (438.96 + 456.933) / 2 ) / 1548.183*365
=447.9465 / 1548.183*365
=105.61

Shandong Tengda Fasten Tech 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
=( (456.933 + 450.708) / 2 ) / 380.365*365 / 4
=453.8205 / 380.365*365 / 4
=108.87

* 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.

Shandong Tengda Fasten Tech Co  (SZSE:001379) 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.

Shandong Tengda Fasten Tech Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=380.365 / 453.8205
=0.84

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.

Shandong Tengda Fasten Tech Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=453.8205 / 412.034
=1.10

* 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.

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.

Shandong Tengda Fasten Tech Co Days Inventory Related Terms

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

Shandong Tengda Fasten Tech Co (SZSE:001379) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Tengda Fasten Tech Co Ltd (SZSE:001379) » Definitions » Days Inventory
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Traded in Other Exchanges
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Address
Website
Shandong Tengda Fasten Tech Co Ltd is engaged in research and development, production and sales of stainless steel fastener products. Its product include bolt, nut, screws, washer, rivet, wood etc.

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