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Jiangyin Electrical Alloy Co (SZSE:300697) Days Inventory : 58.62 (As of Mar. 2024)


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What is Jiangyin Electrical Alloy Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiangyin Electrical Alloy Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥313 Mil. Jiangyin Electrical Alloy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥487 Mil. Hence, Jiangyin Electrical Alloy Co's Days Inventory for the three months ended in Mar. 2024 was 58.62.

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

SZSE:300697' s Days Inventory Range Over the Past 10 Years
Min: 48.37   Med: 62.14   Max: 77.23
Current: 57.72

During the past 11 years, Jiangyin Electrical Alloy Co's highest Days Inventory was 77.23. The lowest was 48.37. And the median was 62.14.

SZSE:300697's Days Inventory is ranked better than
70.2% of 661 companies
in the Metals & Mining industry
Industry Median: 88.64 vs SZSE:300697: 57.72

Jiangyin Electrical Alloy Co's Days Inventory declined from Mar. 2023 (67.33) to Mar. 2024 (58.62).

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiangyin Electrical Alloy Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.56.

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. Jiangyin Electrical Alloy Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.57.


Jiangyin Electrical Alloy Co Days Inventory Historical Data

The historical data trend for Jiangyin Electrical Alloy 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.

Jiangyin Electrical Alloy Co Days Inventory Chart

Jiangyin Electrical Alloy 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 48.37 62.04 55.37 67.04 58.30

Jiangyin Electrical Alloy 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 67.33 59.35 61.22 51.85 58.62

Competitive Comparison of Jiangyin Electrical Alloy Co's Days Inventory

For the Copper subindustry, Jiangyin Electrical Alloy 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.


Jiangyin Electrical Alloy Co's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Jiangyin Electrical Alloy Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jiangyin Electrical Alloy Co's Days Inventory falls into.



Jiangyin Electrical Alloy Co Days Inventory Calculation

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

Jiangyin Electrical Alloy 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
=( (366.977 + 308.866) / 2 ) / 2115.605*365
=337.9215 / 2115.605*365
=58.30

Jiangyin Electrical Alloy 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
=( (308.866 + 316.578) / 2 ) / 486.756*365 / 4
=312.722 / 486.756*365 / 4
=58.62

* 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.


Jiangyin Electrical Alloy Co  (SZSE:300697) 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.

Jiangyin Electrical Alloy 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.

Jiangyin Electrical Alloy 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.


Jiangyin Electrical Alloy Co Days Inventory Related Terms

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


Jiangyin Electrical Alloy Co (SZSE:300697) Business Description

Traded in Other Exchanges
N/A
Address
No. 398, North Section of Century Avenue, Zhouzhuang Town, Jiangsu Province, Jiangyin, CHN, 214423
Jiangyin Electrical Alloy Co Ltd is mainly engaged in the research and development, production as well as sales of non-ferrous metal alloy products. The key product of the company is highly processed copper alloy product, including contact line of railway, carrier cable of railway, copper alloy generatrix and other copper parts.

Jiangyin Electrical Alloy Co (SZSE:300697) Headlines

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