Tsingtao Brewery Co (Tsingtao Brewery Co) Days Inventory : 120.24 (As of Dec. 2023)

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What is Tsingtao Brewery Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tsingtao Brewery Co's Average Total Inventories for the three months ended in Dec. 2023 was $396 Mil. Tsingtao Brewery Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $301 Mil. Hence, Tsingtao Brewery Co's Days Inventory for the three months ended in Dec. 2023 was 120.24.

The historical rank and industry rank for Tsingtao Brewery Co's Days Inventory or its related term are showing as below:

TSGTY' s Days Inventory Range Over the Past 10 Years
Min: 49.57 Med: 59.23 Max: 68.67
Current: 52.06

During the past 13 years, Tsingtao Brewery Co's highest Days Inventory was 68.67. The lowest was 49.57. And the median was 59.23.

TSGTY's Days Inventory is ranked better than
87.25% of 204 companies
in the Beverages - Alcoholic industry
Industry Median: 158.73 vs TSGTY: 52.06

Tsingtao Brewery Co's Days Inventory declined from Dec. 2022 (125.63) to Dec. 2023 (120.24).

Inventory Turnover measures how fast the company turns over its inventory within a year. Tsingtao Brewery Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.76.

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. Tsingtao Brewery Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.96.

Tsingtao Brewery Co Days Inventory Historical Data

The historical data trend for Tsingtao Brewery Co'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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Tsingtao Brewery Co Days Inventory Chart

Tsingtao Brewery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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62.86

63.51

63.94

71.64

68.32

Tsingtao Brewery Co 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															125.63	46.37	35.63	37.78	120.24

Competitive Comparison of Tsingtao Brewery Co's Days Inventory

For the Beverages - Brewers subindustry, Tsingtao Brewery Co'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.

Tsingtao Brewery Co's Days Inventory Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Tsingtao Brewery Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tsingtao Brewery Co's Days Inventory falls into.

Tsingtao Brewery Co Days Inventory Calculation

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

Tsingtao Brewery Co'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
=	( (595.577	+	495.76)	/	2 )	/	2915.449	*	365
=	545.6685					/	2915.449	*	365
=	68.32

Tsingtao Brewery Co'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
=	( (296.202	+	495.76)	/	2 )	/	300.502	*	365 / 4
=	395.981					/	300.502	*	365 / 4
=	120.24

Tsingtao Brewery Co (OTCPK:TSGTY) 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.

Tsingtao Brewery Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	300.502	/	395.981
	=	0.76

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.

Tsingtao Brewery Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	395.981	/	414.341
	=	0.96

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.

Tsingtao Brewery Co Days Inventory Related Terms

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

Tsingtao Brewery Co (Tsingtao Brewery Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Tsingtao Brewery Co Ltd (OTCPK:TSGTY) » Definitions » Days Inventory

Traded in Other Exchanges

TSGTF:USA 00168:Hong Kong TSI:Germany TSI:Germany TSI:Germany 600600:China

Address

No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071

Website

https://www.tsingtao.com

With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed over 60% of its revenue and net profit in 2022. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio in recent years.