China Rare Earth Resources & Technology Co (SZSE:000831) Days Inventory : 494.85 (As of Mar. 2024)

View and export this data going back to 1998. Start your Free Trial

What is China Rare Earth Resources & Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Rare Earth Resources & Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,565 Mil. China Rare Earth Resources & Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥289 Mil. Hence, China Rare Earth Resources & Technology Co's Days Inventory for the three months ended in Mar. 2024 was 494.85.

The historical rank and industry rank for China Rare Earth Resources & Technology Co's Days Inventory or its related term are showing as below:

SZSE:000831' s Days Inventory Range Over the Past 10 Years
Min: 216.38 Med: 418.48 Max: 1153.53
Current: 308.07

During the past 13 years, China Rare Earth Resources & Technology Co's highest Days Inventory was 1153.53. The lowest was 216.38. And the median was 418.48.

SZSE:000831's Days Inventory is ranked worse than
89.35% of 1493 companies
in the Chemicals industry
Industry Median: 82.92 vs SZSE:000831: 308.07

China Rare Earth Resources & Technology Co's Days Inventory increased from Mar. 2023 (138.48) to Mar. 2024 (494.85). It might indicate that China Rare Earth Resources & Technology Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Rare Earth Resources & Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.18.

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. China Rare Earth Resources & Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 5.19.

China Rare Earth Resources & Technology Co Days Inventory Historical Data

The historical data trend for China Rare Earth Resources & Technology 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.

China Rare Earth Resources & Technology Co Days Inventory Chart

China Rare Earth Resources & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

319.93

420.64

274.29

272.08

216.38

China Rare Earth Resources & Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															138.48	365.66	166.15	426.01	494.85

Competitive Comparison of China Rare Earth Resources & Technology Co's Days Inventory

For the Specialty Chemicals subindustry, China Rare Earth Resources & Technology 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.

China Rare Earth Resources & Technology Co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, China Rare Earth Resources & Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Rare Earth Resources & Technology Co's Days Inventory falls into.

China Rare Earth Resources & Technology Co Days Inventory Calculation

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

China Rare Earth Resources & Technology 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
=	( (2030.372	+	1641.419)	/	2 )	/	3096.853	*	365
=	1835.8955					/	3096.853	*	365
=	216.38

China Rare Earth Resources & Technology 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
=	( (1641.419	+	1488.372)	/	2 )	/	288.564	*	365 / 4
=	1564.8955					/	288.564	*	365 / 4
=	494.85

China Rare Earth Resources & Technology Co (SZSE:000831) 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.

China Rare Earth Resources & Technology Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	288.564	/	1564.8955
	=	0.18

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.

China Rare Earth Resources & Technology Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1564.8955	/	301.556
	=	5.19

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.

China Rare Earth Resources & Technology Co Days Inventory Related Terms

Thank you for viewing the detailed overview of China Rare Earth Resources & Technology Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

China Rare Earth Resources & Technology Co (SZSE:000831) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Rare Earth Resources & Technology Co Ltd (SZSE:000831) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Zhangjiang South Avenue, 15th Floor, Building A, Haode Ginza, Zhanggong District, Jiangxi Province, Ganzhou, CHN, 341000

Website

http://www.cmreltd.com

China Rare Earth Resources & Technology Co Ltd is principally engaged in the production and sales of rare earth oxides. It is mainly engaged in the operation and trade of rare earth oxides, rare earth metals and rare earth deep processing products, as well as rare earth technology research and development and consulting services. The company's leading product include high-purity single rare earth oxides and rare earth co-precipitate products. Geographically activities are carried out through China.

China Rare Earth Resources & Technology Co (SZSE:000831) Headlines

No Headlines