Days Inventory is also known as Days Sales of Inventory (DSI). IT Tech Packaging's Average Total Inventories for the
three
months ended in Dec. 2023 was $4.46 Mil. IT Tech Packaging's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $20.72 Mil.
Hence, IT Tech Packaging's Days Inventory for the
three
months ended in Dec. 2023 was 19.65.
The historical rank and industry rank for IT Tech Packaging's Days Inventory or its related term are showing as below:
ITP'
s Days Inventory Range Over the Past 10 Years
Min: 5.44 Med: 20.72 Max: 29.66
Current: 20.76
During the past 13 years, IT Tech Packaging's highest Days Inventory was 29.66. The lowest was 5.44. And the median was 20.72.
ITP's Days Inventory is ranked better than 96.04% of 278
companies
in the Forest Products industry
Industry Median: 87.975
vs ITP: 20.76
IT Tech Packaging's Days Inventory
increased
from Dec. 2022 (16.40) to Dec. 2023 (19.65).
It might indicate that IT Tech Packaging's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
IT Tech Packaging's Inventory Turnover for the
three
months ended in Dec. 2023 was 4.64.
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.
IT Tech Packaging's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.21.
IT Tech Packaging Days Inventory Historical Data
The historical data trend for IT Tech Packaging'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 IT Tech Packaging's Days Inventory
For the Paper & Paper Products subindustry, IT Tech Packaging'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.
IT Tech Packaging's Days Inventory Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, IT Tech Packaging's Days Inventory distribution charts can be found below:
* The bar in red indicates where IT Tech Packaging's Days Inventory falls into.
IT Tech Packaging Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
IT Tech Packaging's Days Inventory for the fiscal year that ended in Dec. 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.
IT Tech Packaging (AMEX:ITP) 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.
IT Tech Packaging's Inventory Turnover for the
three
months ended in Dec. 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.
IT Tech Packaging's Inventory to Revenue for the
three
months ended in Dec. 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.
IT Tech Packaging Days Inventory Related Terms
Thank you for viewing the detailed overview of IT Tech Packaging's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
IT Tech Packaging (IT Tech Packaging) Business Description
IT Tech Packaging Inc is a holding company engaged in the business of paper manufacturing in China. The company operates as a producer and distributor of paper products. It involves in production and distribution of three categories of paper products: packing paper (corrugating medium paper), offset printing paper, and tissue paper products. It also produces digital photo paper. Its business is structured into two segments Dongfang Paper and Tengsheng Paper which produces offset printing paper and corrugating medium paper, tissue paper and Baoding Shengde which produces face masks and digital photo paper.
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