Qilian International Holding Group (Qilian International Holding Group) Days Inventory

: 81.21 (As of Sep. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Qilian International Holding Group's Average Total Inventories for the six months ended in Sep. 2023 was $7.94 Mil. Qilian International Holding Group's Cost of Goods Sold for the six months ended in Sep. 2023 was $17.85 Mil. Hence, Qilian International Holding Group's Days Inventory for the six months ended in Sep. 2023 was 81.21.

The historical rank and industry rank for Qilian International Holding Group's Days Inventory or its related term are showing as below:

QLI' s Days Inventory Range Over the Past 10 Years
Min: 56.6 Med: 96.96 Max: 244.95
Current: 67.38

During the past 7 years, Qilian International Holding Group's highest Days Inventory was 244.95. The lowest was 56.60. And the median was 96.96.

QLI's Days Inventory is ranked better than
88.5% of 974 companies
in the Drug Manufacturers industry
Industry Median: 158.145 vs QLI: 67.38

Qilian International Holding Group's Days Inventory increased from Sep. 2022 (67.57) to Sep. 2023 (81.21). It might indicate that Qilian International Holding Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Qilian International Holding Group's Inventory Turnover for the six months ended in Sep. 2023 was 2.25.

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. Qilian International Holding Group's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.46.

Qilian International Holding Group Days Inventory Historical Data

The historical data trend for Qilian International Holding Group'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.

Qilian International Holding Group Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

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110.80

105.29

86.85

66.54

56.60

Qilian International Holding Group Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial								90.16	82.57	67.57	67.16	81.21

Competitive Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Qilian International Holding Group'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.

Qilian International Holding Group Days Inventory Distribution

For the Drug Manufacturers industry and Healthcare sector, Qilian International Holding Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Qilian International Holding Group's Days Inventory falls into.

Qilian International Holding Group Days Inventory Calculation

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

Qilian International Holding Group's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (8.879	+	4.991)	/	2 )	/	44.72	*	365
=	6.935					/	44.72	*	365
=	56.60

Qilian International Holding Group's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (10.896	+	4.991)	/	2 )	/	17.851	*	365 / 2
=	7.9435					/	17.851	*	365 / 2
=	81.21

Qilian International Holding Group (NAS:QLI) 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.

Qilian International Holding Group's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	17.851	/	7.9435
	=	2.25

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.

Qilian International Holding Group's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.9435	/	17.308
	=	0.46

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.

Qilian International Holding Group Days Inventory Related Terms

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Qilian International Holding Group (Qilian International Holding Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Qilian International Holding Group Ltd (NAS:QLI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jiuquan Economic and Technological Development Zone, Gansu Province, Jiuquan, CHN, 735000

Website

http://ir.qlsyy.net

Qilian International Holding Group Ltd is a pharmaceutical and chemical company. The company is engaged in the development, manufacture, marketing, and sale of licorice products, oxytetracycline products, traditional Chinese medicine derivatives products, heparin products, sausage casings, and fertilizers. It operates through three segments namely, Oxytetracycline and Licorice products and TCMD; Fertilizer; and Heparin products and Sausage casing. Oxytetracycline and Licorice products and TCMD segment generates majority of the revenue.