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Sichuan Rongda Gold Co (SZSE:001337) Days Inventory : 123.37 (As of Dec. 2023)


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What is Sichuan Rongda Gold Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sichuan Rongda Gold Co's Average Total Inventories for the three months ended in Dec. 2023 was ¥57.8 Mil. Sichuan Rongda Gold Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥42.8 Mil. Hence, Sichuan Rongda Gold Co's Days Inventory for the three months ended in Dec. 2023 was 123.37.

The historical rank and industry rank for Sichuan Rongda Gold Co's Days Inventory or its related term are showing as below:

SZSE:001337' s Days Inventory Range Over the Past 10 Years
Min: 87.02   Med: 128.45   Max: 250.17
Current: 87.02

During the past 6 years, Sichuan Rongda Gold Co's highest Days Inventory was 250.17. The lowest was 87.02. And the median was 128.45.

SZSE:001337's Days Inventory is ranked better than
50.3% of 658 companies
in the Metals & Mining industry
Industry Median: 87.34 vs SZSE:001337: 87.02

Sichuan Rongda Gold Co's Days Inventory declined from Dec. 2022 (189.86) to Dec. 2023 (123.37).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sichuan Rongda Gold Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.74.

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. Sichuan Rongda Gold Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.44.


Sichuan Rongda Gold Co Days Inventory Historical Data

The historical data trend for Sichuan Rongda Gold 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.

Sichuan Rongda Gold Co Days Inventory Chart

Sichuan Rongda Gold Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 191.26 118.89 99.70 138.00 107.88

Sichuan Rongda Gold Co Quarterly Data
Dec18 Dec19 Dec20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 189.86 95.47 65.30 67.13 123.37

Competitive Comparison of Sichuan Rongda Gold Co's Days Inventory

For the Gold subindustry, Sichuan Rongda Gold 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.


Sichuan Rongda Gold Co's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sichuan Rongda Gold Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sichuan Rongda Gold Co's Days Inventory falls into.



Sichuan Rongda Gold Co Days Inventory Calculation

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

Sichuan Rongda Gold 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
=( (100.599 + 80.866) / 2 ) / 306.995*365
=90.7325 / 306.995*365
=107.88

Sichuan Rongda Gold Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (34.734 + 80.866) / 2 ) / 42.752*365 / 4
=57.8 / 42.752*365 / 4
=123.37

* 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.


Sichuan Rongda Gold Co  (SZSE:001337) 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.

Sichuan Rongda Gold Co's Inventory Turnover for the three months ended in Dec. 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.

Sichuan Rongda Gold Co's Inventory to Revenue for the three months ended in Dec. 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.


Sichuan Rongda Gold Co Days Inventory Related Terms

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


Sichuan Rongda Gold Co (SZSE:001337) Business Description

Traded in Other Exchanges
N/A
Address
No. 26, Longqin Street, Muli County, Sichuan Province, Qiaowa, CHN, 610095
Sichuan Rongda Gold Co Ltd is engaged in gold mining, mineral products and mining machinery operation, mineral geology, engineering geology, geological exploration consulting services, after-sales service.

Sichuan Rongda Gold Co (SZSE:001337) Headlines

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