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Lygend Resources & Technology Co (HKSE:02245) Days Inventory : 36.40 (As of Dec. 2023)


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What is Lygend Resources & Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Lygend Resources & Technology Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$2,173 Mil. Lygend Resources & Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$10,895 Mil. Hence, Lygend Resources & Technology Co's Days Inventory for the six months ended in Dec. 2023 was 36.40.

The historical rank and industry rank for Lygend Resources & Technology Co's Days Inventory or its related term are showing as below:

HKSE:02245' s Days Inventory Range Over the Past 10 Years
Min: 22.67   Med: 27.7   Max: 35.43
Current: 35.43

During the past 5 years, Lygend Resources & Technology Co's highest Days Inventory was 35.43. The lowest was 22.67. And the median was 27.70.

HKSE:02245's Days Inventory is ranked better than
84.85% of 660 companies
in the Metals & Mining industry
Industry Median: 88.655 vs HKSE:02245: 35.43

Lygend Resources & Technology Co's Days Inventory increased from Dec. 2022 (32.26) to Dec. 2023 (36.40). It might indicate that Lygend Resources & Technology Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lygend Resources & Technology Co's Inventory Turnover for the six months ended in Dec. 2023 was 5.01.

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. Lygend Resources & Technology Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.17.

Lygend Resources & Technology Co Days Inventory Historical Data

The historical data trend for Lygend Resources & Technology 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.

Lygend Resources & Technology Co Days Inventory Chart

Lygend Resources & Technology Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
27.70 26.55 22.67 29.36 34.72

Lygend Resources & Technology Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial 24.71 29.73 32.26 35.00 36.40

Competitive Comparison of Lygend Resources & Technology Co's Days Inventory

For the Other Industrial Metals & Mining subindustry, Lygend Resources & Technology 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.

Lygend Resources & Technology Co's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lygend Resources & Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Lygend Resources & Technology Co's Days Inventory falls into.


Lygend Resources & Technology Co Days Inventory Calculation

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

Lygend Resources & Technology 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
=( (1284.934 + 2393.967) / 2 ) / 19335.113*365
=1839.4505 / 19335.113*365
=34.72

Lygend Resources & Technology 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: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (1952.271 + 2393.967) / 2 ) / 10894.747*365 / 2
=2173.119 / 10894.747*365 / 2
=36.40

* 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.

Lygend Resources & Technology Co  (HKSE:02245) 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.

Lygend Resources & Technology Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=10894.747 / 2173.119
=5.01

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.

Lygend Resources & Technology Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=2173.119 / 12879.476
=0.17

* 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.

Lygend Resources & Technology Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Lygend Resources & Technology Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Lygend Resources & Technology Co (HKSE:02245) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lygend Resources & Technology Co Ltd (HKSE:02245) » Definitions » Days Inventory
Comparable Companies
HKSE:03939 HKSE:01205 HKSE:03833 HKSE:02237 HKSE:00769 HKSE:01029 HKSE:00166 HKSE:08095 HKSE:06128 HKSE:02326 ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 LSE:AAL GMEXICOB MIC:GMKN
Traded in Other Exchanges
N/A
Address
Lane 299 Guanghua Road, 10th-11th Floor, Building C10, R&D Park, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315000
Website
https://www.lygend.com
Lygend Resources & Technology Co Ltd is engaged in both the trading and the production of nickel products. The company has a comprehensive product and service portfolio covering multiple areas across the nickel industry value chain, from upstream sourcing of nickel resources, trading and production of nickel products, to equipment manufacturing and sale. Its products are widely used in various downstream sectors including the NEV and stainless steel industries. It derives a majority of its revenue from Mainland China.

Lygend Resources & Technology Co (HKSE:02245) Headlines

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