Zhejiang Chang'an Renheng Technology Co (HKSE:08139) Days Inventory

: 239.53 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Zhejiang Chang'an Renheng Technology Co's Average Total Inventories for the three months ended in Dec. 2023 was HK$72.1 Mil. Zhejiang Chang'an Renheng Technology Co's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$27.5 Mil. Hence, Zhejiang Chang'an Renheng Technology Co's Days Inventory for the three months ended in Dec. 2023 was 239.53.

The historical rank and industry rank for Zhejiang Chang'an Renheng Technology Co's Days Inventory or its related term are showing as below:

HKSE:08139' s Days Inventory Range Over the Past 10 Years
Min: 119.06 Med: 240.57 Max: 268.78
Current: 231.01

During the past 11 years, Zhejiang Chang'an Renheng Technology Co's highest Days Inventory was 268.78. The lowest was 119.06. And the median was 240.57.

HKSE:08139's Days Inventory is ranked worse than
91.49% of 1493 companies
in the Chemicals industry
Industry Median: 83.38 vs HKSE:08139: 231.01

Zhejiang Chang'an Renheng Technology Co's Days Inventory increased from Dec. 2022 (236.67) to Dec. 2023 (239.53). It might indicate that Zhejiang Chang'an Renheng Technology Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang Chang'an Renheng Technology Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.38.

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. Zhejiang Chang'an Renheng Technology Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.57.

Zhejiang Chang'an Renheng Technology Co Days Inventory Historical Data

The historical data trend for Zhejiang Chang'an Renheng Technology 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.

Zhejiang Chang'an Renheng Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

241.87

229.56

217.73

240.63

241.01

Zhejiang Chang'an Renheng Technology Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																236.67	270.09	202.68	201.48	239.53

Competitive Comparison

For the Chemicals subindustry, Zhejiang Chang'an Renheng Technology 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.

Zhejiang Chang'an Renheng Technology Co Days Inventory Distribution

For the Chemicals industry and Basic Materials sector, Zhejiang Chang'an Renheng Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Zhejiang Chang'an Renheng Technology Co's Days Inventory falls into.

Zhejiang Chang'an Renheng Technology Co Days Inventory Calculation

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

Zhejiang Chang'an Renheng Technology 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
=	( (67.92	+	72.068)	/	2 )	/	106.003	*	365
=	69.994					/	106.003	*	365
=	241.01

Zhejiang Chang'an Renheng Technology Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	72.068)	/	1 )	/	27.455	*	365 / 4
=	72.068					/	27.455	*	365 / 4
=	239.53

Zhejiang Chang'an Renheng Technology Co (HKSE:08139) 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.

Zhejiang Chang'an Renheng Technology Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	27.455	/	72.068
	=	0.38

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.

Zhejiang Chang'an Renheng Technology Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	72.068	/	45.941
	=	1.57

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.

Zhejiang Chang'an Renheng Technology Co Days Inventory Related Terms

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

Zhejiang Chang'an Renheng Technology Co (HKSE:08139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Chang'an Renheng Technology Co Ltd (HKSE:08139) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Laoya Tang, Si’an Town, Zhejiang Province, Changxing, CHN

Website

http://www.renheng.com

Zhejiang Chang'an Renheng Technology Co Ltd is principally engaged in the business of development, production, and sale of bentonite fine chemicals in China. It uses bentonite as its basic raw material to manufacture paper chemicals, organic bentonite, inorganic gel, bentonite for metallurgy pellets, quality calcium-bentonite, and other products. The majority of its revenue comes from the papermaking chemicals series.

Zhejiang Chang'an Renheng Technology Co (HKSE:08139) Headlines

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