Hangzhou TianMuShan Pharmaceutical Enterprise Co (SHSE:600671) Days Inventory : 149.99 (As of Sep. 2023)

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What is Hangzhou TianMuShan Pharmaceutical Enterprise Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hangzhou TianMuShan Pharmaceutical Enterprise Co's Average Total Inventories for the three months ended in Sep. 2023 was ¥44.4 Mil. Hangzhou TianMuShan Pharmaceutical Enterprise Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥27.0 Mil. Hence, Hangzhou TianMuShan Pharmaceutical Enterprise Co's Days Inventory for the three months ended in Sep. 2023 was 149.99.

The historical rank and industry rank for Hangzhou TianMuShan Pharmaceutical Enterprise Co's Days Inventory or its related term are showing as below:

SHSE:600671' s Days Inventory Range Over the Past 10 Years
Min: 103.53 Med: 197.19 Max: 320
Current: 198.78

During the past 13 years, Hangzhou TianMuShan Pharmaceutical Enterprise Co's highest Days Inventory was 320.00. The lowest was 103.53. And the median was 197.19.

SHSE:600671's Days Inventory is ranked worse than
66.19% of 973 companies
in the Drug Manufacturers industry
Industry Median: 157.9 vs SHSE:600671: 198.78

Hangzhou TianMuShan Pharmaceutical Enterprise Co's Days Inventory declined from Sep. 2022 (257.34) to Sep. 2023 (149.99).

Inventory Turnover measures how fast the company turns over its inventory within a year. Hangzhou TianMuShan Pharmaceutical Enterprise 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. Hangzhou TianMuShan Pharmaceutical Enterprise Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 1.26.

Hangzhou TianMuShan Pharmaceutical Enterprise Co Days Inventory Historical Data

The historical data trend for Hangzhou TianMuShan Pharmaceutical Enterprise 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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Hangzhou TianMuShan Pharmaceutical Enterprise Co Days Inventory Chart

Hangzhou TianMuShan Pharmaceutical Enterprise Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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103.53

152.05

178.09

216.28

217.26

Hangzhou TianMuShan Pharmaceutical Enterprise 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															257.34	210.34	249.80	201.78	149.99

Competitive Comparison of Hangzhou TianMuShan Pharmaceutical Enterprise Co's Days Inventory

For the Drug Manufacturers - General subindustry, Hangzhou TianMuShan Pharmaceutical Enterprise 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.

Hangzhou TianMuShan Pharmaceutical Enterprise Co's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hangzhou TianMuShan Pharmaceutical Enterprise Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hangzhou TianMuShan Pharmaceutical Enterprise Co's Days Inventory falls into.

Hangzhou TianMuShan Pharmaceutical Enterprise Co Days Inventory Calculation

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

Hangzhou TianMuShan Pharmaceutical Enterprise 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
=	( (52.357	+	47.561)	/	2 )	/	83.93	*	365
=	49.959					/	83.93	*	365
=	217.26

Hangzhou TianMuShan Pharmaceutical Enterprise 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
=	( (47.049	+	41.849)	/	2 )	/	27.042	*	365 / 4
=	44.449					/	27.042	*	365 / 4
=	149.99

Hangzhou TianMuShan Pharmaceutical Enterprise Co (SHSE:600671) 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.

Hangzhou TianMuShan Pharmaceutical Enterprise Co's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	27.042	/	44.449
	=	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.

Hangzhou TianMuShan Pharmaceutical Enterprise Co's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	44.449	/	35.153
	=	1.26

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.

Hangzhou TianMuShan Pharmaceutical Enterprise Co Days Inventory Related Terms

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

Hangzhou TianMuShan Pharmaceutical Enterprise Co (SHSE:600671) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hangzhou TianMuShan Pharmaceutical Enterprise Co Ltd (SHSE:600671) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.18 Shangyang Road, Jinnan Street, Lin'an District, Zhejiang Province, Hangzhou, CHN, 311300

Website

http://www.hztmyy.com

Hangzhou TianMuShan Pharmaceutical Enterprise Co Ltd is engaged in producing proprietary Chinese medicines, biopharmaceuticals, healthy foods, medical equipment, and other medicines in China. The company is also engaged in medical device production and sales, cosmetics production, sales, production and sales of sanitary products.

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