Sinofert Holdings (Sinofert Holdings) Days Inventory : 80.02 (As of Jun. 2023)

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What is Sinofert Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sinofert Holdings's Average Total Inventories for the six months ended in Jun. 2023 was $709 Mil. Sinofert Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $1,617 Mil. Hence, Sinofert Holdings's Days Inventory for the six months ended in Jun. 2023 was 80.02.

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

SNFRY' s Days Inventory Range Over the Past 10 Years
Min: 52.55 Med: 96.88 Max: 139.39
Current: 98.75

During the past 13 years, Sinofert Holdings's highest Days Inventory was 139.39. The lowest was 52.55. And the median was 96.88.

SNFRY's Days Inventory is ranked better than
53.28% of 229 companies
in the Agriculture industry
Industry Median: 108.6 vs SNFRY: 98.75

Sinofert Holdings's Days Inventory increased from Jun. 2022 (61.20) to Jun. 2023 (80.02). It might indicate that Sinofert Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sinofert Holdings's Inventory Turnover for the six months ended in Jun. 2023 was 2.28.

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. Sinofert Holdings's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.39.

Sinofert Holdings Days Inventory Historical Data

The historical data trend for Sinofert 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.

* Premium members only.

Sinofert Holdings Days Inventory Chart

Sinofert Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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96.51

97.25

88.12

97.64

107.74

Sinofert Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															92.44	61.20	138.65	80.02	115.60

Competitive Comparison of Sinofert Holdings's Days Inventory

For the Agricultural Inputs subindustry, Sinofert 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.

Sinofert Holdings's Days Inventory Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sinofert Holdings's Days Inventory distribution charts can be found below:

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

Sinofert Holdings Days Inventory Calculation

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

Sinofert 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
=	( (753.851	+	813.695)	/	2 )	/	2929.877	*	365
=	783.773					/	2929.877	*	365
=	97.64

Sinofert 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
=	( (813.695	+	604.068)	/	2 )	/	1616.677	*	365 / 2
=	708.8815					/	1616.677	*	365 / 2
=	80.02

Sinofert Holdings (OTCPK:SNFRY) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1616.677	/	708.8815
	=	2.28

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	708.8815	/	1833.151
	=	0.39

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.

Sinofert Holdings Days Inventory Related Terms

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

Sinofert Holdings (Sinofert Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sinofert Holdings Ltd (OTCPK:SNFRY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SNFRF:USA 00297:Hong Kong WCQ1:Germany

Address

1 Harbour Road, Units 4705, 47th Floor, Office Tower, Convention Plaza, Wanchai, Hong Kong, HKG

Website

http://www.sinofert.com

Sinofert Holdings Ltd is an investment holding company. The company operates in two segments: Basic Fertilizers Segment, Distribution Segment, and Production Segment. The Basic Fertilizers Segment is engaged in the sales of straight fertilizers such as nitrogen, phosphate, and potash. The Distribution segment engages in the building of distribution channels, procurement, and sales of compound fertilizers and new types of fertilizers. The Production Segment is responsible for the production and sales of fertilizers and MCP/DCP. The majority of its revenue comes from the Basic Fertilizers segment. Geographically, the company generates majority of its revenue from Mainland China.

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