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Henan Huaying Agricultural Development Co (SZSE:002321) Days Inventory : 71.71 (As of Dec. 2023)


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What is Henan Huaying Agricultural Development Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Henan Huaying Agricultural Development Co's Average Total Inventories for the three months ended in Dec. 2023 was ¥770 Mil. Henan Huaying Agricultural Development Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥980 Mil. Hence, Henan Huaying Agricultural Development Co's Days Inventory for the three months ended in Dec. 2023 was 71.71.

The historical rank and industry rank for Henan Huaying Agricultural Development Co's Days Inventory or its related term are showing as below:

SZSE:002321' s Days Inventory Range Over the Past 10 Years
Min: 49.85   Med: 80.18   Max: 115.16
Current: 79.13

During the past 13 years, Henan Huaying Agricultural Development Co's highest Days Inventory was 115.16. The lowest was 49.85. And the median was 80.18.

SZSE:002321's Days Inventory is ranked better than
51.65% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 81.97 vs SZSE:002321: 79.13

Henan Huaying Agricultural Development Co's Days Inventory declined from Dec. 2022 (81.12) to Dec. 2023 (71.71).

Inventory Turnover measures how fast the company turns over its inventory within a year. Henan Huaying Agricultural Development Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.27.

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. Henan Huaying Agricultural Development Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.74.


Henan Huaying Agricultural Development Co Days Inventory Historical Data

The historical data trend for Henan Huaying Agricultural Development 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.

Henan Huaying Agricultural Development Co Days Inventory Chart

Henan Huaying Agricultural Development Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 77.41 75.03 49.85 70.24 73.53

Henan Huaying Agricultural Development Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 81.12 107.93 84.94 71.56 71.71

Competitive Comparison of Henan Huaying Agricultural Development Co's Days Inventory

For the Farm Products subindustry, Henan Huaying Agricultural Development 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.


Henan Huaying Agricultural Development Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Henan Huaying Agricultural Development Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Henan Huaying Agricultural Development Co's Days Inventory falls into.



Henan Huaying Agricultural Development Co Days Inventory Calculation

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

Henan Huaying Agricultural Development 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
=( (612.434 + 744.371) / 2 ) / 3367.517*365
=678.4025 / 3367.517*365
=73.53

Henan Huaying Agricultural Development 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
=( (796.556 + 744.371) / 2 ) / 980.442*365 / 4
=770.4635 / 980.442*365 / 4
=71.71

* 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.


Henan Huaying Agricultural Development Co  (SZSE:002321) 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.

Henan Huaying Agricultural Development 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.

Henan Huaying Agricultural Development 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.


Henan Huaying Agricultural Development Co Days Inventory Related Terms

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Henan Huaying Agricultural Development Co (SZSE:002321) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Industrial Avenue, Industrial Cluster, Henan Province, Huangchuan County, CHN, 465150
Henan Huaying Agricultural Development Co Ltd is a China-based company primarily engaged in the breeding, processing, and sale of poultry. Major products include frozen duck, chicken products, feedstuffs, and breeder eggs.

Henan Huaying Agricultural Development Co (SZSE:002321) Headlines

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