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Jiangsu Maysta Chemical Co (SHSE:603041) Days Inventory : 61.28 (As of Sep. 2023)


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What is Jiangsu Maysta Chemical Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiangsu Maysta Chemical Co's Average Total Inventories for the three months ended in Sep. 2023 was ¥56.7 Mil. Jiangsu Maysta Chemical Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥84.4 Mil. Hence, Jiangsu Maysta Chemical Co's Days Inventory for the three months ended in Sep. 2023 was 61.28.

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

SHSE:603041' s Days Inventory Range Over the Past 10 Years
Min: 57.19   Med: 66.19   Max: 76.4
Current: 68.23

During the past 11 years, Jiangsu Maysta Chemical Co's highest Days Inventory was 76.40. The lowest was 57.19. And the median was 66.19.

SHSE:603041's Days Inventory is ranked better than
61.35% of 1493 companies
in the Chemicals industry
Industry Median: 82.92 vs SHSE:603041: 68.23

Jiangsu Maysta Chemical Co's Days Inventory declined from Sep. 2022 (83.00) to Sep. 2023 (61.28).

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiangsu Maysta Chemical Co's Inventory Turnover for the three months ended in Sep. 2023 was 1.49.

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 Maysta Chemical Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.40.


Jiangsu Maysta Chemical Co Days Inventory Historical Data

The historical data trend for Jiangsu Maysta Chemical 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 Maysta Chemical Co Days Inventory Chart

Jiangsu Maysta Chemical Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.65 76.40 69.01 58.60 64.28

Jiangsu Maysta Chemical 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 83.00 69.12 67.45 77.44 61.28

Competitive Comparison of Jiangsu Maysta Chemical Co's Days Inventory

For the Specialty Chemicals subindustry, Jiangsu Maysta Chemical 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 Maysta Chemical Co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu Maysta Chemical Co's Days Inventory distribution charts can be found below:

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



Jiangsu Maysta Chemical Co Days Inventory Calculation

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

Jiangsu Maysta Chemical 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
=( (68.726 + 57.956) / 2 ) / 359.696*365
=63.341 / 359.696*365
=64.28

Jiangsu Maysta Chemical 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
=( (61.769 + 51.562) / 2 ) / 84.379*365 / 4
=56.6655 / 84.379*365 / 4
=61.28

* 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.


Jiangsu Maysta Chemical Co  (SHSE:603041) 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 Maysta Chemical 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.

Jiangsu Maysta Chemical 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.


Jiangsu Maysta Chemical Co Days Inventory Related Terms

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


Jiangsu Maysta Chemical Co (SHSE:603041) Business Description

Traded in Other Exchanges
N/A
Address
No.18,Xingjian Road, Economic and Technical Development Zone, Nanjing, CHN, 210046
Jiangsu Maysta Chemical Co Ltd is mainly engaged in the research and development, production and sales of organosilicon surfactant in China. Its products portfolio includes Silicone Surfactants for rigid, flexible, and phenolic foams, polyurethane foams and shoe soles, and oil displacement.

Jiangsu Maysta Chemical Co (SHSE:603041) Headlines

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