Tianqi Lithium Industries (SZSE:002466) Days Inventory : 210.16 (As of Mar. 2024)

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What is Tianqi Lithium Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tianqi Lithium Industries's Average Total Inventories for the three months ended in Mar. 2024 was ¥3,072 Mil. Tianqi Lithium Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,334 Mil. Hence, Tianqi Lithium Industries's Days Inventory for the three months ended in Mar. 2024 was 210.16.

The historical rank and industry rank for Tianqi Lithium Industries's Days Inventory or its related term are showing as below:

SZSE:002466' s Days Inventory Range Over the Past 10 Years
Min: 91.46 Med: 134.92 Max: 207.65
Current: 184.65

During the past 13 years, Tianqi Lithium Industries's highest Days Inventory was 207.65. The lowest was 91.46. And the median was 134.92.

SZSE:002466's Days Inventory is ranked worse than
87.26% of 1491 companies
in the Chemicals industry
Industry Median: 82.8 vs SZSE:002466: 184.65

Tianqi Lithium Industries's Days Inventory increased from Mar. 2023 (206.95) to Mar. 2024 (210.16). It might indicate that Tianqi Lithium Industries'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. Tianqi Lithium Industries's Inventory Turnover for the three months ended in Mar. 2024 was 0.43.

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. Tianqi Lithium Industries's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.19.

Tianqi Lithium Industries Days Inventory Historical Data

The historical data trend for Tianqi Lithium Industries'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.

Tianqi Lithium Industries Days Inventory Chart

Tianqi Lithium Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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128.26

170.26

107.88

91.46

158.88

Tianqi Lithium Industries 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															206.95	141.26	234.21	184.05	210.16

Competitive Comparison of Tianqi Lithium Industries's Days Inventory

For the Specialty Chemicals subindustry, Tianqi Lithium Industries'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.

Tianqi Lithium Industries's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tianqi Lithium Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tianqi Lithium Industries's Days Inventory falls into.

Tianqi Lithium Industries Days Inventory Calculation

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

Tianqi Lithium Industries'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
=	( (2143.943	+	3150.5)	/	2 )	/	6081.511	*	365
=	2647.2215					/	6081.511	*	365
=	158.88

Tianqi Lithium Industries'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
=	( (3150.5	+	2993.657)	/	2 )	/	1333.899	*	365 / 4
=	3072.0785					/	1333.899	*	365 / 4
=	210.16

Tianqi Lithium Industries (SZSE:002466) 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.

Tianqi Lithium Industries's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1333.899	/	3072.0785
	=	0.43

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.

Tianqi Lithium Industries's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3072.0785	/	2584.635
	=	1.19

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.

Tianqi Lithium Industries Days Inventory Related Terms

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

Tianqi Lithium Industries (SZSE:002466) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tianqi Lithium Industries Inc (SZSE:002466) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.10 East Gaopeng Road, Hi-Tech Development Zone, Sichuan Province, Chengdu, CHN, 629200

Website

http://www.tianqilithium.com

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Tianqi Lithium Industries (SZSE:002466) Headlines

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