Qian Yuan Baixing (Qian Yuan Baixing) Days Inventory : 35.51 (As of Sep. 2011)

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What is Qian Yuan Baixing Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Qian Yuan Baixing's Average Total Inventories for the three months ended in Sep. 2011 was $0.90 Mil. Qian Yuan Baixing's Cost of Goods Sold for the three months ended in Sep. 2011 was $2.32 Mil. Hence, Qian Yuan Baixing's Days Inventory for the three months ended in Sep. 2011 was 35.51.

The historical rank and industry rank for Qian Yuan Baixing's Days Inventory or its related term are showing as below:

QYBX's Days Inventory is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 69.33
* Ranked among companies with meaningful Days Inventory only.

Qian Yuan Baixing's Days Inventory increased from Sep. 2010 (16.96) to Sep. 2011 (35.51). It might indicate that Qian Yuan Baixing's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Qian Yuan Baixing's Inventory Turnover for the three months ended in Sep. 2011 was 2.57.

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. Qian Yuan Baixing's Inventory-to-Revenue for the three months ended in Sep. 2011 was 0.34.

Qian Yuan Baixing Days Inventory Historical Data

The historical data trend for Qian Yuan Baixing'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.

Qian Yuan Baixing Days Inventory Chart

Qian Yuan Baixing Annual Data

Trend

Aug06

Aug07

Dec08

Dec09

Dec10

Days Inventory

25.52

18.28

20.74

Qian Yuan Baixing Quarterly Data
	Nov06	Feb07	May07	Aug07	Nov07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
Days Inventory	Get a 7-Day Free Trial															16.96	21.03	27.41	37.52	35.51

Competitive Comparison of Qian Yuan Baixing's Days Inventory

For the Shell Companies subindustry, Qian Yuan Baixing'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.

Qian Yuan Baixing's Days Inventory Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Qian Yuan Baixing's Days Inventory distribution charts can be found below:

* The bar in red indicates where Qian Yuan Baixing's Days Inventory falls into.

Qian Yuan Baixing Days Inventory Calculation

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

Qian Yuan Baixing's Days Inventory for the fiscal year that ended in Dec. 2010 is calculated as

	Days Inventory (A: Dec. 2010 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2009 )	+	Total Inventories (A: Dec. 2010 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2010 )	*	Days in Period
=	( (0.224	+	1.06)	/	2 )	/	11.298	*	365
=	0.642					/	11.298	*	365
=	20.74

Qian Yuan Baixing's Days Inventory for the quarter that ended in Sep. 2011 is calculated as:

	Days Inventory (Q: Sep. 2011 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2011 )	+	Total Inventories (Q: Sep. 2011 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2011 )	*	Days in Period
=	( (0.969	+	0.836)	/	2 )	/	2.319	*	365 / 4
=	0.9025					/	2.319	*	365 / 4
=	35.51

Qian Yuan Baixing (OTCPK:QYBX) 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.

Qian Yuan Baixing's Inventory Turnover for the three months ended in Sep. 2011 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.319	/	0.9025
	=	2.57

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.

Qian Yuan Baixing's Inventory to Revenue for the three months ended in Sep. 2011 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.9025	/	2.642
	=	0.34

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.

Qian Yuan Baixing Days Inventory Related Terms

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

Qian Yuan Baixing (Qian Yuan Baixing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Qian Yuan Baixing Inc (OTCPK:QYBX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Union Street, Suite 4200, Seattle, WA, USA, 98101

Website

http://www.mdcorp.com

Qian Yuan Baixing Inc is a shell Company.

Qian Yuan Baixing (Qian Yuan Baixing) Headlines

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