Tantech Holdings (Tantech Holdings) Days Inventory : 12.70 (As of Jun. 2023)

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What is Tantech Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tantech Holdings's Average Total Inventories for the six months ended in Jun. 2023 was $1.09 Mil. Tantech Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $15.69 Mil. Hence, Tantech Holdings's Days Inventory for the six months ended in Jun. 2023 was 12.70.

The historical rank and industry rank for Tantech Holdings's Days Inventory or its related term are showing as below:

TANH' s Days Inventory Range Over the Past 10 Years
Min: 6.12 Med: 11.62 Max: 38.4
Current: 10.34

During the past 11 years, Tantech Holdings's highest Days Inventory was 38.40. The lowest was 6.12. And the median was 11.62.

TANH's Days Inventory is ranked better than
98.04% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.23 vs TANH: 10.34

Tantech Holdings's Days Inventory increased from Jun. 2022 (8.54) to Jun. 2023 (12.70). It might indicate that Tantech Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tantech Holdings's Inventory Turnover for the six months ended in Jun. 2023 was 14.37.

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. Tantech Holdings's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.06.

Tantech Holdings Days Inventory Historical Data

The historical data trend for Tantech Holdings'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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Tantech Holdings Days Inventory Chart

Tantech Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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38.40

10.77

6.12

7.09

8.28

Tantech Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															5.98	4.83	8.54	7.97	12.70

Competitive Comparison of Tantech Holdings's Days Inventory

For the Household & Personal Products subindustry, Tantech Holdings'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.

Tantech Holdings's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Tantech Holdings's Days Inventory falls into.

Tantech Holdings Days Inventory Calculation

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

Tantech Holdings's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1.07	+	0.899)	/	2 )	/	43.397	*	365
=	0.9845					/	43.397	*	365
=	8.28

Tantech Holdings's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.899	+	1.284)	/	2 )	/	15.687	*	365 / 2
=	1.0915					/	15.687	*	365 / 2
=	12.70

Tantech Holdings (NAS:TANH) 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.

Tantech Holdings's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	15.687	/	1.0915
	=	14.37

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.

Tantech Holdings's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.0915	/	19.742
	=	0.06

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.

Tantech Holdings Days Inventory Related Terms

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

Tantech Holdings (Tantech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tantech Holdings Ltd (NAS:TANH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Tantech Holdings (Lishui) Co., Ltd, No. 10 Cen Shan Road, Shuige Industrial Zone, Zhejiang Province, Lishui, CHN, 323000

Website

http://www.tantech.cn

Tantech Holdings Ltd manufactures bamboo charcoal-based products. The company through its subsidiaries is engaged in the production and distribution of household products along with a trading business which involves the export of charcoal products. It also manufactures electric double-layer capacitors carbon materials and low-emission barbecue charcoal. Its product portfolio includes air purifiers and humidifiers, underfloor humidity control, pillows and mattresses, wardrobe deodorizers, mousepads, and wrist mats, refrigerator deodorant, and charcoal toilet cleaner disks. The company has three reportable segments; the Consumer Product segment, the Electric Vehicle (EV) segment, and the Biodegradable Packaging segment.