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Sutor Technology Group Ltd (NAS:SUTR)
Days Inventory
93.59 (As of Mar. 2014)

Sutor Technology Group Ltd's inventory for the three months ended in Mar. 2014 was $91.6 Mil. Sutor Technology Group Ltd's cost of goods sold for the three months ended in Mar. 2014 was $89.1 Mil. Hence, Sutor Technology Group Ltd's days inventory for the three months ended in Mar. 2014 was 93.59.

Sutor Technology Group Ltd's days inventory increased from Mar. 2013 (45.95) to Mar. 2014 (93.59). It might indicate that Sutor Technology Group Ltd's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Sutor Technology Group Ltd's days sales of inventory (DSI) for the three months ended in Mar. 2014 was 86.48.

Inventory turnover measures how fast the company turns over its inventory within a year. Sutor Technology Group Ltd's inventory turnover for the three months ended in Mar. 2014 was 0.97.

Inventory to revenue ratio 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. Sutor Technology Group Ltd's inventory to revenue ratio for the three months ended in Mar. 2014 was 0.95.


Definition

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

Sutor Technology Group Ltd's Days Inventory for the fiscal year that ended in Jun. 2013 is calculated as

Days Inventory=Inventory/Cost of Goods Sold*Days in Period
=52.377/567.14*365
=33.71

Sutor Technology Group Ltd's Days Inventory for the quarter that ended in Mar. 2014 is calculated as:

Days Inventory=Inventory/Cost of Goods Sold*Days in Period
=91.593/89.055*91
=93.59

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

Sutor Technology Group Ltd's Days Sales of Inventory for the three months ended in Mar. 2014 is calculated as

Days Sales of Inventory (DSI)=Inventory/Revenue*Days in Period
=91.593/96.378*91
=86.48

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Sutor Technology Group Ltd's Inventory Turnover for the three months ended in Mar. 2014 is calculated as

3. 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.

Sutor Technology Group Ltd's Inventory to Revenue for the three months ended in Mar. 2014 is calculated as

Inventory to Revenue=Inventory / Revenue
=91.593 / 96.378
=0.95

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Sutor Technology Group Ltd Annual Data

Dec04Dec05Dec06Jun07Jun08Jun09Jun10Jun11Jun12Jun13
DaysInventory 0.000.000.0030.3650.2045.5832.8943.1037.5733.71

Sutor Technology Group Ltd Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
DaysInventory 87.4574.9426.8252.7736.1245.9525.8777.0490.7893.59
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