Days Inventory is also known as Days Sales of Inventory (DSI). Fufeng Group's Average Total Inventories for the
six
months ended in Jun. 2023 was $826 Mil. Fufeng Group's Cost of Goods Sold for the
six
months ended in Jun. 2023 was $1,483 Mil.
Hence, Fufeng Group's Days Inventory for the
six
months ended in Jun. 2023 was 101.62.
The historical rank and industry rank for Fufeng Group's Days Inventory or its related term are showing as below:
FFNGY'
s Days Inventory Range Over the Past 10 Years
Min: 57.02 Med: 94.18 Max: 108.15
Current: 100.18
During the past 13 years, Fufeng Group's highest Days Inventory was 108.15. The lowest was 57.02. And the median was 94.18.
FFNGY's Days Inventory is ranked worse than 61.54% of 1495
companies
in the Chemicals industry
Industry Median: 83.73
vs FFNGY: 100.18
Fufeng Group's Days Inventory
declined
from Jun. 2022 (108.83) to Jun. 2023 (101.62).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Fufeng Group's Inventory Turnover for the
six
months ended in Jun. 2023 was 1.80.
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.
Fufeng Group's Inventory-to-Revenue for the
six
months ended in Jun. 2023 was 0.44.
Fufeng Group Days Inventory Historical Data
The historical data trend for Fufeng Group'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.
Competitive Comparison of Fufeng Group's Days Inventory
For the Specialty Chemicals subindustry, Fufeng Group'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.
Fufeng Group's Days Inventory Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Fufeng Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Fufeng Group's Days Inventory falls into.
Fufeng Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Fufeng Group's Days Inventory for the fiscal year that ended in Dec. 2022 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.
Fufeng Group (OTCPK:FFNGY) 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.
Fufeng Group's Inventory Turnover for the
six
months ended in Jun. 2023 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.
Fufeng Group's Inventory to Revenue for the
six
months ended in Jun. 2023 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.
Fufeng Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Fufeng Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Fufeng Group Ltd manufactures and sells a variety of chemicals primarily used by the food and agricultural industries. The company's operating segments include Food additives; Animal nutrition; High-end amino acid; Colloid and others. It generates maximum revenue from the Food additives segment. The Food additives segment is engaged in the manufacturing and sale of food additives products, including monosodium glutamate (MSG), starch sweeteners, glutamic acid, compound seasoning and corn oil. The majority of revenue comes from China.
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