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Guangdong Feinan Resources Recycling Co (SZSE:301500) Days Inventory : 141.23 (As of Mar. 2024)


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What is Guangdong Feinan Resources Recycling Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Guangdong Feinan Resources Recycling Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥3,426 Mil. Guangdong Feinan Resources Recycling Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,214 Mil. Hence, Guangdong Feinan Resources Recycling Co's Days Inventory for the three months ended in Mar. 2024 was 141.23.

The historical rank and industry rank for Guangdong Feinan Resources Recycling Co's Days Inventory or its related term are showing as below:

SZSE:301500' s Days Inventory Range Over the Past 10 Years
Min: 83.52   Med: 91.05   Max: 129.75
Current: 129.75

During the past 7 years, Guangdong Feinan Resources Recycling Co's highest Days Inventory was 129.75. The lowest was 83.52. And the median was 91.05.

SZSE:301500's Days Inventory is ranked worse than
88.15% of 211 companies
in the Waste Management industry
Industry Median: 23.54 vs SZSE:301500: 129.75

Guangdong Feinan Resources Recycling Co's Days Inventory increased from Mar. 2023 (106.68) to Mar. 2024 (141.23). It might indicate that Guangdong Feinan Resources Recycling 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. Guangdong Feinan Resources Recycling Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.65.

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. Guangdong Feinan Resources Recycling Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.50.


Guangdong Feinan Resources Recycling Co Days Inventory Historical Data

The historical data trend for Guangdong Feinan Resources Recycling 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.

Guangdong Feinan Resources Recycling Co Days Inventory Chart

Guangdong Feinan Resources Recycling Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 87.56 85.83 83.52 91.05 119.65

Guangdong Feinan Resources Recycling Co Quarterly Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 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 106.68 119.80 106.61 127.24 141.23

Competitive Comparison of Guangdong Feinan Resources Recycling Co's Days Inventory

For the Waste Management subindustry, Guangdong Feinan Resources Recycling 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.


Guangdong Feinan Resources Recycling Co's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Guangdong Feinan Resources Recycling Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Guangdong Feinan Resources Recycling Co's Days Inventory falls into.



Guangdong Feinan Resources Recycling Co Days Inventory Calculation

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

Guangdong Feinan Resources Recycling 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
=( (2083.1 + 3287.625) / 2 ) / 8192.117*365
=2685.3625 / 8192.117*365
=119.65

Guangdong Feinan Resources Recycling 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
=( (3287.625 + 3564.686) / 2 ) / 2213.707*365 / 4
=3426.1555 / 2213.707*365 / 4
=141.23

* 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.


Guangdong Feinan Resources Recycling Co  (SZSE:301500) 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.

Guangdong Feinan Resources Recycling 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.

Guangdong Feinan Resources Recycling 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.


Guangdong Feinan Resources Recycling Co Days Inventory Related Terms

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


Guangdong Feinan Resources Recycling Co (SZSE:301500) Business Description

Traded in Other Exchanges
N/A
Address
No. 3-6, Dachong Section, Guihe Road, Lishui Town, Nanhai, Guangdong, Foshan, CHN, 526233
Guangdong Feinan Resources Recycling Co Ltd is mainly engaged in the disposal of non-ferrous metal hazardous waste and the recycling of renewable resources. It is an environmental protection enterprise covering hazardous waste collection, harmless disposal, and resource recycling. The company applies traditional metallurgical technology to the non-ferrous metal hazardous waste disposal and utilization business. It can combine different batches of hazardous waste with low metal grade and different impurity content with copper-containing materials and adopt leading process technology to ultimately produce electrolytic copper, and ice Copper, anode slime and other resource-based products can truly realize resource regeneration and turn waste into treasure.

Guangdong Feinan Resources Recycling Co (SZSE:301500) Headlines

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