Jiangsu Linyang Energy Co (SHSE:601222) Days Inventory : 176.79 (As of Sep. 2023)

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What is Jiangsu Linyang Energy Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiangsu Linyang Energy Co's Average Total Inventories for the three months ended in Sep. 2023 was ¥1,956 Mil. Jiangsu Linyang Energy Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥1,010 Mil. Hence, Jiangsu Linyang Energy Co's Days Inventory for the three months ended in Sep. 2023 was 176.79.

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

SHSE:601222' s Days Inventory Range Over the Past 10 Years
Min: 55.49 Med: 77.52 Max: 146.91
Current: 146.91

During the past 13 years, Jiangsu Linyang Energy Co's highest Days Inventory was 146.91. The lowest was 55.49. And the median was 77.52.

SHSE:601222's Days Inventory is ranked worse than
61.33% of 2907 companies
in the Industrial Products industry
Industry Median: 119.85 vs SHSE:601222: 146.91

Jiangsu Linyang Energy Co's Days Inventory increased from Sep. 2022 (102.28) to Sep. 2023 (176.79). It might indicate that Jiangsu Linyang Energy Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiangsu Linyang Energy Co's Inventory Turnover for the three months ended in Sep. 2023 was 0.52.

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. Jiangsu Linyang Energy Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 1.27.

Jiangsu Linyang Energy Co Days Inventory Historical Data

The historical data trend for Jiangsu Linyang Energy 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.

* Premium members only.

Jiangsu Linyang Energy Co Days Inventory Chart

Jiangsu Linyang Energy Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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62.04

121.00

73.89

71.94

121.52

Jiangsu Linyang Energy 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															102.28	135.14	219.46	106.23	176.79

Competitive Comparison of Jiangsu Linyang Energy Co's Days Inventory

For the Electrical Equipment & Parts subindustry, Jiangsu Linyang Energy 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.

Jiangsu Linyang Energy Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Linyang Energy Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jiangsu Linyang Energy Co's Days Inventory falls into.

Jiangsu Linyang Energy Co Days Inventory Calculation

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

Jiangsu Linyang Energy 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
=	( (588.895	+	1508.379)	/	2 )	/	3149.581	*	365
=	1048.637					/	3149.581	*	365
=	121.52

Jiangsu Linyang Energy 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
=	( (1835.278	+	2077.576)	/	2 )	/	1009.808	*	365 / 4
=	1956.427					/	1009.808	*	365 / 4
=	176.79

Jiangsu Linyang Energy Co (SHSE:601222) 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.

Jiangsu Linyang Energy Co's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1009.808	/	1956.427
	=	0.52

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.

Jiangsu Linyang Energy Co's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1956.427	/	1538.937
	=	1.27

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.

Jiangsu Linyang Energy Co Days Inventory Related Terms

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

Jiangsu Linyang Energy Co (SHSE:601222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Linyang Energy Co Ltd (SHSE:601222) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 666, Linyang Road, Qidong City, Jiangsu Province, CHN

Website

http://www.linyang.com.cn

Jiangsu Linyang Energy Co Ltd is a China-based company engages in the research, production, and sales of smart electric energy meters and power management products. Its product and services include smart meter, AMI system, LED, intelligent lighting system, energy efficiency management platform, energy-saving services, photovoltaic module, distributed photovoltaic power station system, distributed power station operating platform, and Micro-grid system which covered the Smart, Energy-saving and Renewable Energy all three fields.

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