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Sichuan Guoguoang Agrochemicals Co (SZSE:002749) Days Inventory : 162.89 (As of Mar. 2024)


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What is Sichuan Guoguoang Agrochemicals Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sichuan Guoguoang Agrochemicals Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥367 Mil. Sichuan Guoguoang Agrochemicals Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥206 Mil. Hence, Sichuan Guoguoang Agrochemicals Co's Days Inventory for the three months ended in Mar. 2024 was 162.89.

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

SZSE:002749' s Days Inventory Range Over the Past 10 Years
Min: 109.29   Med: 123.64   Max: 146.11
Current: 124.27

During the past 13 years, Sichuan Guoguoang Agrochemicals Co's highest Days Inventory was 146.11. The lowest was 109.29. And the median was 123.64.

SZSE:002749's Days Inventory is ranked worse than
55.7% of 228 companies
in the Agriculture industry
Industry Median: 110.675 vs SZSE:002749: 124.27

Sichuan Guoguoang Agrochemicals Co's Days Inventory declined from Mar. 2023 (180.75) to Mar. 2024 (162.89).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sichuan Guoguoang Agrochemicals Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.56.

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. Sichuan Guoguoang Agrochemicals Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.00.


Sichuan Guoguoang Agrochemicals Co Days Inventory Historical Data

The historical data trend for Sichuan Guoguoang Agrochemicals 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.

Sichuan Guoguoang Agrochemicals Co Days Inventory Chart

Sichuan Guoguoang Agrochemicals Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 111.86 129.14 121.77 115.41 124.25

Sichuan Guoguoang Agrochemicals 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 180.75 99.82 136.88 107.88 162.89

Competitive Comparison of Sichuan Guoguoang Agrochemicals Co's Days Inventory

For the Agricultural Inputs subindustry, Sichuan Guoguoang Agrochemicals 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.


Sichuan Guoguoang Agrochemicals Co's Days Inventory Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sichuan Guoguoang Agrochemicals Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sichuan Guoguoang Agrochemicals Co's Days Inventory falls into.



Sichuan Guoguoang Agrochemicals Co Days Inventory Calculation

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

Sichuan Guoguoang Agrochemicals 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
=( (386.859 + 353.293) / 2 ) / 1087.137*365
=370.076 / 1087.137*365
=124.25

Sichuan Guoguoang Agrochemicals 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
=( (353.293 + 380.826) / 2 ) / 205.619*365 / 4
=367.0595 / 205.619*365 / 4
=162.89

* 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.


Sichuan Guoguoang Agrochemicals Co  (SZSE:002749) 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.

Sichuan Guoguoang Agrochemicals Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

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.

Sichuan Guoguoang Agrochemicals Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

* 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.


Sichuan Guoguoang Agrochemicals Co Days Inventory Related Terms

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Sichuan Guoguoang Agrochemicals Co (SZSE:002749) Business Description

Traded in Other Exchanges
N/A
Address
No. 899, Beijing Road, Longquanyi District, Sichuan, Chengdu, CHN, 610100
Sichuan Guoguoang Agrochemicals Co Ltd is engaged in research, development, production, and sales of plant growth regulators and high-efficiency water-soluble fertilizers. Its products mainly used in agricultural planting, horticultural production, garden conservation, forestry plant protection and other fields. The firm exports its products to the United States, Japan, Thailand, Egypt, the Philippines, Vietnam, South Korea.
Executives
He Peng Directors, executives
Yan Chang Xu Director
Yan Ya Qi Directors, executives

Sichuan Guoguoang Agrochemicals Co (SZSE:002749) Headlines

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