Bengang Steel Plates Co (SZSE:000761) Days Inventory : 54.22 (As of Sep. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Bengang Steel Plates Co's Average Total Inventories for the three months ended in Sep. 2023 was ¥7,751 Mil. Bengang Steel Plates Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥13,045 Mil. Hence, Bengang Steel Plates Co's Days Inventory for the three months ended in Sep. 2023 was 54.22.

The historical rank and industry rank for Bengang Steel Plates Co's Days Inventory or its related term are showing as below:

SZSE:000761' s Days Inventory Range Over the Past 10 Years
Min: 48.82 Med: 97.76 Max: 130.66
Current: 49.28

During the past 13 years, Bengang Steel Plates Co's highest Days Inventory was 130.66. The lowest was 48.82. And the median was 97.76.

SZSE:000761's Days Inventory is ranked better than
76.13% of 574 companies
in the Steel industry
Industry Median: 85.7 vs SZSE:000761: 49.28

Bengang Steel Plates Co's Days Inventory increased from Sep. 2022 (53.85) to Sep. 2023 (54.22). It might indicate that Bengang Steel Plates Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bengang Steel Plates Co's Inventory Turnover for the three months ended in Sep. 2023 was 1.68.

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. Bengang Steel Plates Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.60.

Bengang Steel Plates Co Days Inventory Historical Data

The historical data trend for Bengang Steel Plates 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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Bengang Steel Plates Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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88.29

68.16

65.85

48.82

54.68

Bengang Steel Plates 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															53.85	45.85	51.83	49.01	54.22

Competitive Comparison

For the Steel subindustry, Bengang Steel Plates 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.

Bengang Steel Plates Co Days Inventory Distribution

For the Steel industry and Basic Materials sector, Bengang Steel Plates Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Bengang Steel Plates Co's Days Inventory falls into.

Bengang Steel Plates Co Days Inventory Calculation

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

Bengang Steel Plates 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
=	( (10190.166	+	8463.728)	/	2 )	/	62259.335	*	365
=	9326.947					/	62259.335	*	365
=	54.68

Bengang Steel Plates 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
=	( (7602.27	+	7899.992)	/	2 )	/	13044.867	*	365 / 4
=	7751.131					/	13044.867	*	365 / 4
=	54.22

Bengang Steel Plates Co (SZSE:000761) 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.

Bengang Steel Plates Co's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13044.867	/	7751.131
	=	1.68

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.

Bengang Steel Plates Co's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7751.131	/	12935.206
	=	0.60

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.

Bengang Steel Plates Co Days Inventory Related Terms

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

Bengang Steel Plates Co (SZSE:000761) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bengang Steel Plates Co Ltd (SZSE:000761) » Definitions » Days Inventory

Traded in Other Exchanges

200761:China

Address

No.16, Renmin Road, Pingshan District, Liaoning Province, Benxi, CHN, 117000

Website

http://www.bxsteel.com

Bengang Steel Plates Co Ltd is an iron and steel smelting company. Its products are applied in automobiles, household appliances, petrochemical engineering, machine manufacturing, energy transportation, architectural decoration, metal parts, and various other industries and are exported to more than 60 countries and regions.

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