GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Daqo New Energy Corp (NYSE:DQ) » Definitions » Days Inventory

Daqo New Energy (Daqo New Energy) Days Inventory : 35.38 (As of Dec. 2023)


View and export this data going back to 2010. Start your Free Trial

What is Daqo New Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Daqo New Energy's Average Total Inventories for the three months ended in Dec. 2023 was $151 Mil. Daqo New Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $390 Mil. Hence, Daqo New Energy's Days Inventory for the three months ended in Dec. 2023 was 35.38.

The historical rank and industry rank for Daqo New Energy's Days Inventory or its related term are showing as below:

DQ' s Days Inventory Range Over the Past 10 Years
Min: 36.59   Med: 42.12   Max: 118.3
Current: 43.29

During the past 13 years, Daqo New Energy's highest Days Inventory was 118.30. The lowest was 36.59. And the median was 42.12.

DQ's Days Inventory is ranked better than
87.25% of 941 companies
in the Semiconductors industry
Industry Median: 130.77 vs DQ: 43.29

Daqo New Energy's Days Inventory declined from Dec. 2022 (56.70) to Dec. 2023 (35.38).

Inventory Turnover measures how fast the company turns over its inventory within a year. Daqo New Energy's Inventory Turnover for the three months ended in Dec. 2023 was 2.58.

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. Daqo New Energy's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.32.


Daqo New Energy Days Inventory Historical Data

The historical data trend for Daqo New Energy'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.

Daqo New Energy Days Inventory Chart

Daqo New Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.41 36.59 118.30 75.60 45.08

Daqo New Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.70 81.15 42.41 31.57 35.38

Competitive Comparison of Daqo New Energy's Days Inventory

For the Semiconductor Equipment & Materials subindustry, Daqo New Energy'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.


Daqo New Energy's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Daqo New Energy's Days Inventory distribution charts can be found below:

* The bar in red indicates where Daqo New Energy's Days Inventory falls into.



Daqo New Energy Days Inventory Calculation

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

Daqo New Energy'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
=( (169.517 + 173.271) / 2 ) / 1387.88*365
=171.394 / 1387.88*365
=45.08

Daqo New Energy'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
=( (129.067 + 173.271) / 2 ) / 389.937*365 / 4
=151.169 / 389.937*365 / 4
=35.38

* 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.


Daqo New Energy  (NYSE:DQ) 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.

Daqo New Energy'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.

Daqo New Energy'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.


Daqo New Energy Days Inventory Related Terms

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


Daqo New Energy (Daqo New Energy) Business Description

Traded in Other Exchanges
Address
No. 838 Zhangyang Road, Room C,29th Floor, Unit 29, Huadu Mansion, Pudong, Shanghai, CHN, 200122
Daqo New Energy Corp is a polysilicon manufacturer based in China. The company is engaged in the manufacturing and selling of high-purity polysilicon to photovoltaic product manufacturers who processed polysilicon into ingots, cells, and modules for solar power solutions. It offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling, and solidification needs. All of its revenues gets derived from the People's Republic of China.