Days Inventory is also known as Days Sales of Inventory (DSI). Triangle Tyre Co's Average Total Inventories for the
three
months ended in Sep. 2023 was ¥1,007 Mil. Triangle Tyre Co's Cost of Goods Sold for the
three
months ended in Sep. 2023 was ¥2,025 Mil.
Hence, Triangle Tyre Co's Days Inventory for the
three
months ended in Sep. 2023 was 45.37.
The historical rank and industry rank for Triangle Tyre Co's Days Inventory or its related term are showing as below:
SHSE:601163'
s Days Inventory Range Over the Past 10 Years
Min: 52.75 Med: 68.01 Max: 88.98
Current: 53.15
During the past 13 years, Triangle Tyre Co's highest Days Inventory was 88.98. The lowest was 52.75. And the median was 68.01.
SHSE:601163's Days Inventory is ranked better than 73.55% of 1255
companies
in the Vehicles & Parts industry
Industry Median: 81.77
vs SHSE:601163: 53.15
Triangle Tyre Co's Days Inventory
declined
from Sep. 2022 (56.49) to Sep. 2023 (45.37).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Triangle Tyre Co's Inventory Turnover for the
three
months ended in Sep. 2023 was 2.01.
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.
Triangle Tyre Co's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 0.38.
Triangle Tyre Co Days Inventory Historical Data
The historical data trend for Triangle Tyre 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.
Competitive Comparison of Triangle Tyre Co's Days Inventory
For the Auto Parts subindustry, Triangle Tyre 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.
Triangle Tyre Co's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Triangle Tyre Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Triangle Tyre Co's Days Inventory falls into.
Triangle Tyre Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Triangle Tyre Co'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.
Triangle Tyre Co (SHSE:601163) 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.
Triangle Tyre Co's Inventory Turnover for the
three
months ended in Sep. 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.
Triangle Tyre Co's Inventory to Revenue for the
three
months ended in Sep. 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.
Triangle Tyre Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Triangle Tyre Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Triangle Tyre Co (SHSE:601163) Business Description
Triangle Tyre Co Ltd is a tire manufacturing company. Its range of products covers commercial tires, passenger tires, bias OTR tires, radial OTR tires, jumbo OTR tires and others. It holds enormous foreign and Chinese patent portfolio and plays the key role in setting national and professional tire industry standards. Further, it has built a global partnership with various brands such as Caterpillar, Terex, Doosan, Hyundai and Volvo and others. Geographically, its presence is seen in both Chinese and international market.
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