Evergreen Steel (TPE:2211) Days Inventory : 267.84 (As of Dec. 2023)

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What is Evergreen Steel Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Evergreen Steel's Average Total Inventories for the three months ended in Dec. 2023 was NT$3,453 Mil. Evergreen Steel's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$1,176 Mil. Hence, Evergreen Steel's Days Inventory for the three months ended in Dec. 2023 was 267.84.

The historical rank and industry rank for Evergreen Steel's Days Inventory or its related term are showing as below:

TPE:2211' s Days Inventory Range Over the Past 10 Years
Min: 27.07 Med: 42.14 Max: 178.22
Current: 160.12

During the past 8 years, Evergreen Steel's highest Days Inventory was 178.22. The lowest was 27.07. And the median was 42.14.

TPE:2211's Days Inventory is ranked worse than
65.89% of 2911 companies
in the Industrial Products industry
Industry Median: 120.17 vs TPE:2211: 160.12

Evergreen Steel's Days Inventory increased from Dec. 2022 (178.29) to Dec. 2023 (267.84). It might indicate that Evergreen Steel'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. Evergreen Steel's Inventory Turnover for the three months ended in Dec. 2023 was 0.34.

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. Evergreen Steel's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.75.

Evergreen Steel Days Inventory Historical Data

The historical data trend for Evergreen Steel'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.

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Evergreen Steel Days Inventory Chart

Evergreen Steel Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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42.76

41.52

67.64

134.58

178.22

Evergreen Steel Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															178.29	160.04	112.91	135.24	267.84

Competitive Comparison of Evergreen Steel's Days Inventory

For the Metal Fabrication subindustry, Evergreen Steel'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.

Evergreen Steel's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Evergreen Steel's Days Inventory distribution charts can be found below:

* The bar in red indicates where Evergreen Steel's Days Inventory falls into.

Evergreen Steel Days Inventory Calculation

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

Evergreen Steel'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
=	( (3096.562	+	3929.699)	/	2 )	/	7194.816	*	365
=	3513.1305					/	7194.816	*	365
=	178.22

Evergreen Steel's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2976.516	+	3929.699)	/	2 )	/	1176.414	*	365 / 4
=	3453.1075					/	1176.414	*	365 / 4
=	267.84

Evergreen Steel (TPE:2211) 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.

Evergreen Steel's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1176.414	/	3453.1075
	=	0.34

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.

Evergreen Steel's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3453.1075	/	1970.828
	=	1.75

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.

Evergreen Steel Days Inventory Related Terms

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

Evergreen Steel (TPE:2211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Evergreen Steel Corp (TPE:2211) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chang'an East Road, 11th Floor, No. 100, Section 2, Zhongshan District, Taipei, TWN, 104094

Website

http://www.evergreennet.com

Evergreen Steel Corp is engaged in the steel structure engineering business. The company's steel structure engineering business mainly includes engineering projects of factories, tall buildings, and bridges.

Evergreen Steel (TPE:2211) Headlines

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