Days Inventory is also known as Days Sales of Inventory (DSI). Tingyi (Cayman Islands) Holding's Average Total Inventories for the
six
months ended in Jun. 2023 was $681 Mil. Tingyi (Cayman Islands) Holding's Cost of Goods Sold for the
six
months ended in Jun. 2023 was $3,972 Mil.
Hence, Tingyi (Cayman Islands) Holding's Days Inventory for the
six
months ended in Jun. 2023 was 31.28.
The historical rank and industry rank for Tingyi (Cayman Islands) Holding's Days Inventory or its related term are showing as below:
TCYMF'
s Days Inventory Range Over the Past 10 Years
Min: 20.81 Med: 22.83 Max: 33.93
Current: 30.66
During the past 13 years, Tingyi (Cayman Islands) Holding's highest Days Inventory was 33.93. The lowest was 20.81. And the median was 22.83.
TCYMF's Days Inventory is ranked better than 89.52% of 1784
companies
in the Consumer Packaged Goods industry
Industry Median: 82.495
vs TCYMF: 30.66
Tingyi (Cayman Islands) Holding's Days Inventory
declined
from Jun. 2022 (32.09) to Jun. 2023 (31.28).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Tingyi (Cayman Islands) Holding's Inventory Turnover for the
six
months ended in Jun. 2023 was 5.84.
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.
Tingyi (Cayman Islands) Holding's Inventory-to-Revenue for the
six
months ended in Jun. 2023 was 0.12.
Tingyi (Cayman Islands) Holding Days Inventory Historical Data
The historical data trend for Tingyi (Cayman Islands) Holding'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.
Tingyi (Cayman Islands) Holding Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
26.57
26.49
28.07
33.90
31.86
Tingyi (Cayman Islands) Holding 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
29.25
32.09
32.74
31.28
28.94
Competitive Comparison
For the Packaged Foods subindustry, Tingyi (Cayman Islands) Holding'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.
Tingyi (Cayman Islands) Holding Days Inventory Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tingyi (Cayman Islands) Holding's Days Inventory distribution charts can be found below:
* The bar in red indicates where Tingyi (Cayman Islands) Holding's Days Inventory falls into.
Tingyi (Cayman Islands) Holding Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Tingyi (Cayman Islands) Holding's Days Inventory for the fiscal year that ended in Dec. 2022 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.
Tingyi (Cayman Islands) Holding (OTCPK:TCYMF) 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.
Tingyi (Cayman Islands) Holding's Inventory Turnover for the
six
months ended in Jun. 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.
Tingyi (Cayman Islands) Holding's Inventory to Revenue for the
six
months ended in Jun. 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.
Tingyi (Cayman Islands) Holding Days Inventory Related Terms
Thank you for viewing the detailed overview of Tingyi (Cayman Islands) Holding's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Tingyi (Cayman Islands) Holding (Tingyi (Cayman Islands) Holding) Business Description
Tingyi is a leading producer of instant noodles and RTD beverages in China, with its Master Kong brand being the most widely known. The company commenced its instant noodle business in the country in 1992 and expanded into beverages in 1996. In March 2012, Tingyi formed a strategic alliance with PepsiCo and became the exclusive manufacturer and distributor of Pepsi's nonalcoholic drinks in China.
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