Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Days Inventory : 29.56 (As of Mar. 2024)

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What is Pangang Group Vanadium & Titanium Resources Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pangang Group Vanadium & Titanium Resources Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,068 Mil. Pangang Group Vanadium & Titanium Resources Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,297 Mil. Hence, Pangang Group Vanadium & Titanium Resources Co's Days Inventory for the three months ended in Mar. 2024 was 29.56.

The historical rank and industry rank for Pangang Group Vanadium & Titanium Resources Co's Days Inventory or its related term are showing as below:

SZSE:000629' s Days Inventory Range Over the Past 10 Years
Min: 28.65 Med: 32.36 Max: 51.77
Current: 28.65

During the past 13 years, Pangang Group Vanadium & Titanium Resources Co's highest Days Inventory was 51.77. The lowest was 28.65. And the median was 32.36.

SZSE:000629's Days Inventory is ranked better than
89.55% of 660 companies
in the Metals & Mining industry
Industry Median: 88.605 vs SZSE:000629: 28.65

Pangang Group Vanadium & Titanium Resources Co's Days Inventory increased from Mar. 2023 (25.46) to Mar. 2024 (29.56). It might indicate that Pangang Group Vanadium & Titanium Resources Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pangang Group Vanadium & Titanium Resources Co's Inventory Turnover for the three months ended in Mar. 2024 was 3.09.

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. Pangang Group Vanadium & Titanium Resources Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.30.

Pangang Group Vanadium & Titanium Resources Co Days Inventory Historical Data

The historical data trend for Pangang Group Vanadium & Titanium Resources 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.

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Pangang Group Vanadium & Titanium Resources Co Days Inventory Chart

Pangang Group Vanadium & Titanium Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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32.08

35.15

33.63

30.44

30.97

Pangang Group Vanadium & Titanium Resources 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															25.46	25.63	26.25	33.37	29.56

Competitive Comparison of Pangang Group Vanadium & Titanium Resources Co's Days Inventory

For the Other Industrial Metals & Mining subindustry, Pangang Group Vanadium & Titanium Resources 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.

Pangang Group Vanadium & Titanium Resources Co's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Pangang Group Vanadium & Titanium Resources Co's Days Inventory falls into.

Pangang Group Vanadium & Titanium Resources Co Days Inventory Calculation

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

Pangang Group Vanadium & Titanium Resources 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
=	( (985.026	+	1103.506)	/	2 )	/	12308.718	*	365
=	1044.266					/	12308.718	*	365
=	30.97

Pangang Group Vanadium & Titanium Resources 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
=	( (1103.506	+	1032.426)	/	2 )	/	3296.609	*	365 / 4
=	1067.966					/	3296.609	*	365 / 4
=	29.56

Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) 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.

Pangang Group Vanadium & Titanium Resources Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3296.609	/	1067.966
	=	3.09

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.

Pangang Group Vanadium & Titanium Resources Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1067.966	/	3586.292
	=	0.30

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.

Pangang Group Vanadium & Titanium Resources Co Days Inventory Related Terms

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

Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pangang Group Vanadium & Titanium Resources Co Ltd (SZSE:000629) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

West Section of Gangcheng Avenue, Panzhihua Culture Square, No. 21, East District, Sichuan Province, Panzhihua, CHN, 617067

Website

http://www.pgvt.cn

Pangang Group Vanadium Titanium & Resources Co Ltd is engaged in manufacturing and distributing vanadium pentoxide, vanadium iron, high-vanadium iron, vanadium trioxide, vanadium nitrogen alloy, titanium dioxide, and titanium dioxide. The company products are used in steel, chemical, military, electronics, and other industries.

Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Headlines

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