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Wanxiang Doneed Co (SHSE:600371) Days Inventory : 326.51 (As of Mar. 2024)


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What is Wanxiang Doneed Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wanxiang Doneed Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥230.5 Mil. Wanxiang Doneed Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥64.4 Mil. Hence, Wanxiang Doneed Co's Days Inventory for the three months ended in Mar. 2024 was 326.51.

The historical rank and industry rank for Wanxiang Doneed Co's Days Inventory or its related term are showing as below:

SHSE:600371' s Days Inventory Range Over the Past 10 Years
Min: 289.47   Med: 418.28   Max: 515.68
Current: 289.47

During the past 13 years, Wanxiang Doneed Co's highest Days Inventory was 515.68. The lowest was 289.47. And the median was 418.28.

SHSE:600371's Days Inventory is ranked worse than
92.43% of 1784 companies
in the Consumer Packaged Goods industry
Industry Median: 82.205 vs SHSE:600371: 289.47

Wanxiang Doneed Co's Days Inventory increased from Mar. 2023 (293.96) to Mar. 2024 (326.51). It might indicate that Wanxiang Doneed Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Wanxiang Doneed Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.28.

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. Wanxiang Doneed Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 2.46.


Wanxiang Doneed Co Days Inventory Historical Data

The historical data trend for Wanxiang Doneed 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.

Wanxiang Doneed Co Days Inventory Chart

Wanxiang Doneed 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 380.21 454.59 456.70 494.21 406.36

Wanxiang Doneed Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 293.96 442.85 158.86 288.54 326.51

Competitive Comparison of Wanxiang Doneed Co's Days Inventory

For the Farm Products subindustry, Wanxiang Doneed 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.


Wanxiang Doneed Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Wanxiang Doneed Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Wanxiang Doneed Co's Days Inventory falls into.



Wanxiang Doneed Co Days Inventory Calculation

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

Wanxiang Doneed 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
=( (204.584 + 258.591) / 2 ) / 208.016*365
=231.5875 / 208.016*365
=406.36

Wanxiang Doneed Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (258.591 + 202.456) / 2 ) / 64.424*365 / 4
=230.5235 / 64.424*365 / 4
=326.51

* 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.


Wanxiang Doneed Co  (SHSE:600371) 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.

Wanxiang Doneed Co's Inventory Turnover for the three months ended in Mar. 2024 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.

Wanxiang Doneed Co's Inventory to Revenue for the three months ended in Mar. 2024 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.


Wanxiang Doneed Co Days Inventory Related Terms

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


Wanxiang Doneed Co (SHSE:600371) Business Description

Traded in Other Exchanges
N/A
Address
No. 18 Yushan Road, Nangang District, Harbin, Heilongjiang, CHN, 150090
Wanxiang Doneed Co Ltd is engaged in the research, production and sales of corn hybrids.
Executives
Xie Wei Supervisors
Jin He Xiang Director

Wanxiang Doneed Co (SHSE:600371) Headlines

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