GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Chongqing Polycomp International Corp (SZSE:301526) » Definitions » Days Inventory

Chongqing Polycomp International (SZSE:301526) Days Inventory : 145.13 (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Chongqing Polycomp International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chongqing Polycomp International's Average Total Inventories for the three months ended in Mar. 2024 was ¥2,064 Mil. Chongqing Polycomp International's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,298 Mil. Hence, Chongqing Polycomp International's Days Inventory for the three months ended in Mar. 2024 was 145.13.

The historical rank and industry rank for Chongqing Polycomp International's Days Inventory or its related term are showing as below:

SZSE:301526' s Days Inventory Range Over the Past 10 Years
Min: 72.56   Med: 111.21   Max: 137.72
Current: 137.72

During the past 6 years, Chongqing Polycomp International's highest Days Inventory was 137.72. The lowest was 72.56. And the median was 111.21.

SZSE:301526's Days Inventory is ranked worse than
53.37% of 1010 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.41 vs SZSE:301526: 137.72

Chongqing Polycomp International's Days Inventory increased from Mar. 2023 (121.68) to Mar. 2024 (145.13). It might indicate that Chongqing Polycomp International'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. Chongqing Polycomp International's Inventory Turnover for the three months ended in Mar. 2024 was 0.63.

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. Chongqing Polycomp International's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.34.

Chongqing Polycomp International Days Inventory Historical Data

The historical data trend for Chongqing Polycomp International'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.

Chongqing Polycomp International Days Inventory Chart

Chongqing Polycomp International Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 136.46 98.75 72.56 91.99 123.67

Chongqing Polycomp International Quarterly Data
Dec18 Dec19 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 121.68 142.47 139.09 125.34 145.13

Competitive Comparison of Chongqing Polycomp International's Days Inventory

For the Textile Manufacturing subindustry, Chongqing Polycomp International'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.

Chongqing Polycomp International's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Chongqing Polycomp International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chongqing Polycomp International's Days Inventory falls into.


Chongqing Polycomp International Days Inventory Calculation

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

Chongqing Polycomp International'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
=( (1797.161 + 2005.597) / 2 ) / 5611.538*365
=1901.379 / 5611.538*365
=123.67

Chongqing Polycomp International'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
=( (2005.597 + 2123.006) / 2 ) / 1297.883*365 / 4
=2064.3015 / 1297.883*365 / 4
=145.13

* 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.

Chongqing Polycomp International  (SZSE:301526) 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.

Chongqing Polycomp International's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=1297.883 / 2064.3015
=0.63

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.

Chongqing Polycomp International's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=2064.3015 / 1535.77
=1.34

* 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.

Chongqing Polycomp International Days Inventory Related Terms

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

Chongqing Polycomp International (SZSE:301526) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Chongqing Polycomp International Corp (SZSE:301526) » Definitions » Days Inventory
Comparable Companies
Traded in Other Exchanges
N/A
Address
Area B, Jianqiao Industrial Park, Dadukou, Chongqing, CHN, 400082
Website
https://www.cpicfiber.com
Chongqing Polycomp International Corp is engaged in research & development, production and sales of glass fiber and its products.

Chongqing Polycomp International (SZSE:301526) Headlines

No Headlines