Pingtan Marine Enterprise (Pingtan Marine Enterprise) Days Inventory : 0.00 (As of Jun. 2022)

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What is Pingtan Marine Enterprise Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pingtan Marine Enterprise's Average Total Inventories for the three months ended in Jun. 2022 was $63.7 Mil. Pingtan Marine Enterprise's Cost of Goods Sold for the three months ended in Jun. 2022 was $0.0 Mil.

The historical rank and industry rank for Pingtan Marine Enterprise's Days Inventory or its related term are showing as below:

PME's Days Inventory is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 82.17
* Ranked among companies with meaningful Days Inventory only.

Pingtan Marine Enterprise's Days Inventory declined from Mar. 2021 (182.12) to Jun. 2022 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Pingtan Marine Enterprise's Inventory Turnover for the three months ended in Jun. 2022 was 0.00.

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.

Pingtan Marine Enterprise Days Inventory Historical Data

The historical data trend for Pingtan Marine Enterprise'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.

Pingtan Marine Enterprise Days Inventory Chart

Pingtan Marine Enterprise Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Inventory

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54.90

51.61

103.07

199.76

126.59

Pingtan Marine Enterprise Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22
Days Inventory	Get a 7-Day Free Trial															182.12	211.48	170.36	83.07	-

Competitive Comparison of Pingtan Marine Enterprise's Days Inventory

For the Farm Products subindustry, Pingtan Marine Enterprise'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.

Pingtan Marine Enterprise's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pingtan Marine Enterprise's Days Inventory distribution charts can be found below:

* The bar in red indicates where Pingtan Marine Enterprise's Days Inventory falls into.

Pingtan Marine Enterprise Days Inventory Calculation

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

Pingtan Marine Enterprise's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (67.611	+	54.97)	/	2 )	/	176.725	*	365
=	61.2905					/	176.725	*	365
=	126.59

Pingtan Marine Enterprise's Days Inventory for the quarter that ended in Jun. 2022 is calculated as:

	Days Inventory (Q: Jun. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
=	( (54.97	+	72.337)	/	2 )	/	0	*	365 / 4
=	63.6535					/	0	*	365 / 4
=	N/A

Pingtan Marine Enterprise (NAS:PME) 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.

Pingtan Marine Enterprise's Inventory Turnover for the three months ended in Jun. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	63.6535
	=	0.00

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.

Pingtan Marine Enterprise's Inventory to Revenue for the three months ended in Jun. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	63.6535	/	0
	=

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.

Pingtan Marine Enterprise Days Inventory Related Terms

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

Pingtan Marine Enterprise (Pingtan Marine Enterprise) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pingtan Marine Enterprise Ltd (NAS:PME) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 154 Hudong Road, 18-19th Floor, Zhongshan Building A, Gulou District, Fujian Province, Fuzhou, CHN, 350001

Website

https://www.ptmarine.com

Pingtan Marine Enterprise Ltd is a marine enterprises group primarily engaging in ocean fishing. The company provides high-quality seafood to a diverse group of customers including distributors, restaurant owners and exporters in the China. It harvests a range of fish species with its owned and licensed vessels operating within the Indian Exclusive Economic Zone, Indo-Pacific waters, the Arafura Sea of Indonesia, and international waters of Atlantic and Pacific Oceans. Pingtan derives revenue primarily from the sales of frozen seafood products.

Executives

Liming Yung	officer: Chief Financial Officer	18/F, ZHONGSHAN BUILDING A, NO. 154 HUDONG ROAD, FUZHOU F4 350001
Xinrong Zhuo	director, 10 percent owner, officer: Chief Executive Officer	FLOOR 18, TOWER A, ZHONG SHAN BUILDING, NO 154, HUDONG ROAD, GULAU DISTRICT, FUHOO CITY, FUJAN PROVINCE F4 00000
Lin Lin	director	18-19/F, ZHONGSHAN BUILDING A,, NO. 154 HUDONG ROAD, FUZHOU F4 350001
Xingan Lin	director	18-19/F, ZHONGSHAN BUILDING A,, NO. 154 HUDONG ROAD, FUZHOU F4 350001
Yang Yu	officer: CFO	561 XIAN FENG ROAD, HARBIN HEILONGJIANG XX 1540000
Yeliang Zhou	director	FLOOR 18, TOWER A, ZHONGSHAN BUILDING, NO 154, HUDONG ROAD, GULOU DISTRICT, FUZHOU CITY, FUJIAN PROVINCE F4 00000
Zengbiao Zhu	director	FLOOR 18, TOWER A, ZHONGSHAN BUILDING, NO 154, HUDONG ROAD, GULOU DISTRICT, FUZHOU CITY, FUJIAN PROVINCE F4 00000
Lin Bao	director	FLOOR 18, TOWER A, ZHONGSHAN BUILDING, NO 154, HUDONG ROAD, GULOU DISTRICT, FUZHOU CITY, FUJIAN PROVINCE F4 00000
Bin Lin	director, officer: Senior Vice President	FLOOR 18, TOWER A, ZHONGSHAN BUILDING, NO 154, HUDONG ROAD, GULOU DISTRICT, FUZHOU CITY, FUJIAN PROVINCE F4 00000
Jin Shi	director, 10 percent owner, officer: Chief Executive Officer	1818 CANGGONG ROAD, FENGXIAN, SHANGHAI, CHEMICAL INDUSTRY PARK, SHANGHAI F4 201417
Teng Zhou	director	1818 CANGGONG ROAD, FENGXIAN, SHANGHAI, CHEMICAL INDUSTRY PARK, SHANGHAI F4 201417
Xuesong Song	director, 10 percent owner, officer: Chief Financial Officer	1818 CANGGONG ROAD, FENGXIAN, SHANGHAI, CHEMICAL INDUSTRY PARK, SHANGHAI F4 201417
Xuechu He	director	1818 CANGGONG ROAD, FENGXIAN, SHANGHAI, CHEMICAL INDUSTRY PARK, SHANGHAI F4 201417
Michael W Zhang	director	A12 JIANGUOMENWAI AVENUE, NCI TOWER SUITE 1602, BEIJING F4 100022
Xue Bai	director	A12 JIANGUOMENWAI AVENUE, NCI TOWER SUITE 1602, BEIJING F4 100022