Days Inventory is also known as Days Sales of Inventory (DSI). GLG Life Tech's Average Total Inventories for the
three
months ended in Sep. 2023 was €1.91 Mil. GLG Life Tech's Cost of Goods Sold for the
three
months ended in Sep. 2023 was €1.10 Mil.
Hence, GLG Life Tech's Days Inventory for the
three
months ended in Sep. 2023 was 158.36.
The historical rank and industry rank for GLG Life Tech's Days Inventory or its related term are showing as below:
STU:9LTN'
s Days Inventory Range Over the Past 10 Years
Min: 120.38 Med: 178.5 Max: 517.23
Current: 152.22
During the past 13 years, GLG Life Tech's highest Days Inventory was 517.23. The lowest was 120.38. And the median was 178.50.
STU:9LTN's Days Inventory is ranked worse than 77.37% of 1785
companies
in the Consumer Packaged Goods industry
Industry Median: 82.1
vs STU:9LTN: 152.22
GLG Life Tech's Days Inventory
increased
from Sep. 2022 (128.41) to Sep. 2023 (158.36).
It might indicate that GLG Life Tech's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
GLG Life Tech's Inventory Turnover for the
three
months ended in Sep. 2023 was 0.58.
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.
GLG Life Tech's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 1.16.
GLG Life Tech Days Inventory Historical Data
The historical data trend for GLG Life Tech'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.
Competitive Comparison of GLG Life Tech's Days Inventory
For the Farm Products subindustry, GLG Life Tech'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.
GLG Life Tech's Days Inventory Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, GLG Life Tech's Days Inventory distribution charts can be found below:
* The bar in red indicates where GLG Life Tech's Days Inventory falls into.
GLG Life Tech Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
GLG Life Tech's Days Inventory for the fiscal year that ended in Dec. 2022 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.
GLG Life Tech (STU:9LTN) 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.
GLG Life Tech's Inventory Turnover for the
three
months ended in Sep. 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.
GLG Life Tech's Inventory to Revenue for the
three
months ended in Sep. 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.
GLG Life Tech Days Inventory Related Terms
Thank you for viewing the detailed overview of GLG Life Tech's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
GLG Life Tech Corp is engaged in the manufacturing and sales of refined forms of stevia and monk fruit. It operates through a single segment of Natural Sweeteners Products. Some of its brands are RebPure, TasteBoost, BevSweet, BakeZeroCal, and GoZero. The company's geographical segments are China and North America, of which the majority of its revenue comes from the North America.
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