Fujian Longxi Bearing Group Co (SHSE:600592) Days Inventory

: 149.74 (As of Sep. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Fujian Longxi Bearing Group Co's Average Total Inventories for the three months ended in Sep. 2023 was ¥536 Mil. Fujian Longxi Bearing Group Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥327 Mil. Hence, Fujian Longxi Bearing Group Co's Days Inventory for the three months ended in Sep. 2023 was 149.74.

The historical rank and industry rank for Fujian Longxi Bearing Group Co's Days Inventory or its related term are showing as below:

SHSE:600592' s Days Inventory Range Over the Past 10 Years
Min: 131.02 Med: 213.05 Max: 311.53
Current: 131.02

During the past 13 years, Fujian Longxi Bearing Group Co's highest Days Inventory was 311.53. The lowest was 131.02. And the median was 213.05.

SHSE:600592's Days Inventory is ranked worse than
54.77% of 2905 companies
in the Industrial Products industry
Industry Median: 120.49 vs SHSE:600592: 131.02

Fujian Longxi Bearing Group Co's Days Inventory increased from Sep. 2022 (147.19) to Sep. 2023 (149.74). It might indicate that Fujian Longxi Bearing Group Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fujian Longxi Bearing Group Co's Inventory Turnover for the three months ended in Sep. 2023 was 0.61.

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. Fujian Longxi Bearing Group Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 1.28.

Fujian Longxi Bearing Group Co Days Inventory Historical Data

The historical data trend for Fujian Longxi Bearing Group 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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Fujian Longxi Bearing Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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201.47

224.62

187.57

161.39

136.60

Fujian Longxi Bearing Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															147.19	130.46	125.23	119.42	149.74

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Fujian Longxi Bearing Group 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.

Fujian Longxi Bearing Group Co Days Inventory Distribution

For the Industrial Products industry and Industrials sector, Fujian Longxi Bearing Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Fujian Longxi Bearing Group Co's Days Inventory falls into.

Fujian Longxi Bearing Group Co Days Inventory Calculation

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

Fujian Longxi Bearing Group Co'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
=	( (479.604	+	495.136)	/	2 )	/	1302.234	*	365
=	487.37					/	1302.234	*	365
=	136.60

Fujian Longxi Bearing Group Co's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (536.695	+	535.596)	/	2 )	/	326.722	*	365 / 4
=	536.1455					/	326.722	*	365 / 4
=	149.74

Fujian Longxi Bearing Group Co (SHSE:600592) 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.

Fujian Longxi Bearing Group Co's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	326.722	/	536.1455
	=	0.61

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.

Fujian Longxi Bearing Group Co's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	536.1455	/	419.892
	=	1.28

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.

Fujian Longxi Bearing Group Co Days Inventory Related Terms

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Fujian Longxi Bearing Group Co (SHSE:600592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fujian Longxi Bearing Group Co Ltd (SHSE:600592) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yan'an North Road, Zhangzhou, Fujian, CHN, 363000

Website

http://www.ls.com.cn

Fujian Longxi Bearing Group Co Ltd manufactures spherical plain bearings. It is engaged in the production of spherical plain bearings (SPB), tapered roller bearings, gears, rolling functional components, gearboxes, automobile parts and knitting mechanical equipment.

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