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Bichamp Cutting Technology (Hunan) Co (SZSE:002843) Days Inventory : 63.87 (As of Mar. 2024)


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What is Bichamp Cutting Technology (Hunan) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bichamp Cutting Technology (Hunan) Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥257 Mil. Bichamp Cutting Technology (Hunan) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥367 Mil. Hence, Bichamp Cutting Technology (Hunan) Co's Days Inventory for the three months ended in Mar. 2024 was 63.87.

The historical rank and industry rank for Bichamp Cutting Technology (Hunan) Co's Days Inventory or its related term are showing as below:

SZSE:002843' s Days Inventory Range Over the Past 10 Years
Min: 65.12   Med: 128.45   Max: 202.33
Current: 66.53

During the past 13 years, Bichamp Cutting Technology (Hunan) Co's highest Days Inventory was 202.33. The lowest was 65.12. And the median was 128.45.

SZSE:002843's Days Inventory is ranked better than
81.3% of 2909 companies
in the Industrial Products industry
Industry Median: 120.85 vs SZSE:002843: 66.53

Bichamp Cutting Technology (Hunan) Co's Days Inventory declined from Mar. 2023 (73.36) to Mar. 2024 (63.87).

Inventory Turnover measures how fast the company turns over its inventory within a year. Bichamp Cutting Technology (Hunan) Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.43.

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. Bichamp Cutting Technology (Hunan) Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.58.


Bichamp Cutting Technology (Hunan) Co Days Inventory Historical Data

The historical data trend for Bichamp Cutting Technology (Hunan) 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.

Bichamp Cutting Technology (Hunan) Co Days Inventory Chart

Bichamp Cutting Technology (Hunan) 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 134.21 130.20 113.57 101.54 65.12

Bichamp Cutting Technology (Hunan) 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 73.36 63.50 66.54 72.41 63.87

Competitive Comparison of Bichamp Cutting Technology (Hunan) Co's Days Inventory

For the Tools & Accessories subindustry, Bichamp Cutting Technology (Hunan) 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.


Bichamp Cutting Technology (Hunan) Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Bichamp Cutting Technology (Hunan) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Bichamp Cutting Technology (Hunan) Co's Days Inventory falls into.



Bichamp Cutting Technology (Hunan) Co Days Inventory Calculation

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

Bichamp Cutting Technology (Hunan) 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
=( (274.575 + 260.123) / 2 ) / 1498.495*365
=267.349 / 1498.495*365
=65.12

Bichamp Cutting Technology (Hunan) 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
=( (260.123 + 254.2) / 2 ) / 367.397*365 / 4
=257.1615 / 367.397*365 / 4
=63.87

* 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.


Bichamp Cutting Technology (Hunan) Co  (SZSE:002843) 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.

Bichamp Cutting Technology (Hunan) 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.

Bichamp Cutting Technology (Hunan) 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.


Bichamp Cutting Technology (Hunan) Co Days Inventory Related Terms

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Bichamp Cutting Technology (Hunan) Co (SZSE:002843) Business Description

Traded in Other Exchanges
N/A
Address
No. 68 Taijia Road, Economic Development Zone, Wangcheng, Hunan Province, Changsha, CHN, 410200
Bichamp Cutting Technology (Hunan) Co Ltd manufactures industrial consumables. The company develops, produces, and sells bimetallic band saw blades, bimetal hacksaw blades, carbide band saw blades, and other related products.

Bichamp Cutting Technology (Hunan) Co (SZSE:002843) Headlines

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