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Shanghai Zijiang Enterprise Group Co (SHSE:600210) Days Inventory : 154.71 (As of Dec. 2023)


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What is Shanghai Zijiang Enterprise Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shanghai Zijiang Enterprise Group Co's Average Total Inventories for the three months ended in Dec. 2023 was ¥2,433 Mil. Shanghai Zijiang Enterprise Group Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥1,435 Mil. Hence, Shanghai Zijiang Enterprise Group Co's Days Inventory for the three months ended in Dec. 2023 was 154.71.

The historical rank and industry rank for Shanghai Zijiang Enterprise Group Co's Days Inventory or its related term are showing as below:

SHSE:600210' s Days Inventory Range Over the Past 10 Years
Min: 89.98   Med: 94.11   Max: 122.79
Current: 120.74

During the past 13 years, Shanghai Zijiang Enterprise Group Co's highest Days Inventory was 122.79. The lowest was 89.98. And the median was 94.11.

SHSE:600210's Days Inventory is ranked worse than
77.32% of 366 companies
in the Packaging & Containers industry
Industry Median: 78.265 vs SHSE:600210: 120.74

Shanghai Zijiang Enterprise Group Co's Days Inventory increased from Dec. 2022 (111.20) to Dec. 2023 (154.71). It might indicate that Shanghai Zijiang Enterprise Group Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanghai Zijiang Enterprise Group Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.59.

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. Shanghai Zijiang Enterprise Group Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.37.


Shanghai Zijiang Enterprise Group Co Days Inventory Historical Data

The historical data trend for Shanghai Zijiang Enterprise Group 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.

Shanghai Zijiang Enterprise Group Co Days Inventory Chart

Shanghai Zijiang Enterprise Group 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 90.28 100.05 97.91 107.84 122.79

Shanghai Zijiang Enterprise Group Co Quarterly Data
Mar19 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 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 111.20 120.65 110.57 104.73 154.71

Competitive Comparison of Shanghai Zijiang Enterprise Group Co's Days Inventory

For the Packaging & Containers subindustry, Shanghai Zijiang Enterprise Group 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.


Shanghai Zijiang Enterprise Group Co's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Shanghai Zijiang Enterprise Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shanghai Zijiang Enterprise Group Co's Days Inventory falls into.



Shanghai Zijiang Enterprise Group Co Days Inventory Calculation

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

Shanghai Zijiang Enterprise Group 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
=( (2296.369 + 2525.385) / 2 ) / 7166.582*365
=2410.877 / 7166.582*365
=122.79

Shanghai Zijiang Enterprise Group Co'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
=( (2341.103 + 2525.385) / 2 ) / 1435.143*365 / 4
=2433.244 / 1435.143*365 / 4
=154.71

* 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.


Shanghai Zijiang Enterprise Group Co  (SHSE:600210) 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.

Shanghai Zijiang Enterprise Group Co's Inventory Turnover for the three months ended in Dec. 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.

Shanghai Zijiang Enterprise Group Co's Inventory to Revenue for the three months ended in Dec. 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.


Shanghai Zijiang Enterprise Group Co Days Inventory Related Terms

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


Shanghai Zijiang Enterprise Group Co (SHSE:600210) Business Description

Traded in Other Exchanges
N/A
Address
No. 618 Shenfu Road, Xinzhuang Industrial Zone, Shanghai, CHN, 200336
Shanghai Zijiang Enterprise Group Co Ltd engages in the manufacture of packaging and printing materials as well as real estate in China. Its products include container packaging, caps and labels, crown caps, plastic labels, BOPET film, and CPP film.

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