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Weihai Baihe Biology Technological Co (SHSE:603102) Days Inventory : 93.08 (As of Mar. 2024)


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What is Weihai Baihe Biology Technological Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Weihai Baihe Biology Technological Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥115.2 Mil. Weihai Baihe Biology Technological Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥112.9 Mil. Hence, Weihai Baihe Biology Technological Co's Days Inventory for the three months ended in Mar. 2024 was 93.08.

The historical rank and industry rank for Weihai Baihe Biology Technological Co's Days Inventory or its related term are showing as below:

SHSE:603102' s Days Inventory Range Over the Past 10 Years
Min: 90.24   Med: 100.33   Max: 119.41
Current: 90.24

During the past 8 years, Weihai Baihe Biology Technological Co's highest Days Inventory was 119.41. The lowest was 90.24. And the median was 100.33.

SHSE:603102's Days Inventory is ranked worse than
55.01% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 81.77 vs SHSE:603102: 90.24

Weihai Baihe Biology Technological Co's Days Inventory declined from Mar. 2023 (95.65) to Mar. 2024 (93.08).

Inventory Turnover measures how fast the company turns over its inventory within a year. Weihai Baihe Biology Technological Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.98.

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. Weihai Baihe Biology Technological Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.61.


Weihai Baihe Biology Technological Co Days Inventory Historical Data

The historical data trend for Weihai Baihe Biology Technological 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.

Weihai Baihe Biology Technological Co Days Inventory Chart

Weihai Baihe Biology Technological Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 106.26 91.96 91.05 102.38 90.92

Weihai Baihe Biology Technological Co Quarterly Data
Dec16 Dec17 Dec18 Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 95.65 99.29 105.98 70.40 93.08

Competitive Comparison of Weihai Baihe Biology Technological Co's Days Inventory

For the Packaged Foods subindustry, Weihai Baihe Biology Technological 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.


Weihai Baihe Biology Technological Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Weihai Baihe Biology Technological Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Weihai Baihe Biology Technological Co's Days Inventory falls into.



Weihai Baihe Biology Technological Co Days Inventory Calculation

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

Weihai Baihe Biology Technological Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (147.076 + 124.609) / 2 ) / 545.345*365
=135.8425 / 545.345*365
=90.92

Weihai Baihe Biology Technological Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (124.609 + 105.722) / 2 ) / 112.896*365 / 4
=115.1655 / 112.896*365 / 4
=93.08

* 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.


Weihai Baihe Biology Technological Co  (SHSE:603102) 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.

Weihai Baihe Biology Technological Co's Inventory Turnover for the three months ended in Mar. 2024 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.

Weihai Baihe Biology Technological Co's Inventory to Revenue for the three months ended in Mar. 2024 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.


Weihai Baihe Biology Technological Co Days Inventory Related Terms

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


Weihai Baihe Biology Technological Co (SHSE:603102) Business Description

Traded in Other Exchanges
N/A
Address
No. 552, Chengda Road, Swan Lake Economic and Technological Development Zone, Rongcheng City, Shandong Province, Weihai, CHN, 264321
Weihai Baihe Biology Technological Co Ltd is engaged in the research and development, production and sales of nutritional health food.

Weihai Baihe Biology Technological Co (SHSE:603102) Headlines

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