Shandong Yabo Technology Co (SZSE:002323) Days Inventory : 30.44 (As of Mar. 2024)

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What is Shandong Yabo Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shandong Yabo Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥15.2 Mil. Shandong Yabo Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥45.5 Mil. Hence, Shandong Yabo Technology Co's Days Inventory for the three months ended in Mar. 2024 was 30.44.

The historical rank and industry rank for Shandong Yabo Technology Co's Days Inventory or its related term are showing as below:

SZSE:002323' s Days Inventory Range Over the Past 10 Years
Min: 1.27 Med: 282.47 Max: 867.32
Current: 1.27

During the past 13 years, Shandong Yabo Technology Co's highest Days Inventory was 867.32. The lowest was 1.27. And the median was 282.47.

SZSE:002323's Days Inventory is ranked better than
94.19% of 1393 companies
in the Construction industry
Industry Median: 48.96 vs SZSE:002323: 1.27

Shandong Yabo Technology Co's Days Inventory increased from Mar. 2023 (2.10) to Mar. 2024 (30.44). It might indicate that Shandong Yabo Technology Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shandong Yabo Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 3.00.

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. Shandong Yabo Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.28.

Shandong Yabo Technology Co Days Inventory Historical Data

The historical data trend for Shandong Yabo 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.

Shandong Yabo Technology Co Days Inventory Chart

Shandong Yabo Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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563.37

2.39

6.04

1.40

1.36

Shandong Yabo 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															2.10	2.96	0.90	0.61	30.44

Competitive Comparison of Shandong Yabo Technology Co's Days Inventory

For the Building Products & Equipment subindustry, Shandong Yabo 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.

Shandong Yabo Technology Co's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shandong Yabo Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shandong Yabo Technology Co's Days Inventory falls into.

Shandong Yabo Technology Co Days Inventory Calculation

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

Shandong Yabo 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
=	( (1.959	+	2.902)	/	2 )	/	654.431	*	365
=	2.4305					/	654.431	*	365
=	1.36

Shandong Yabo 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
=	( (2.902	+	27.459)	/	2 )	/	45.503	*	365 / 4
=	15.1805					/	45.503	*	365 / 4
=	30.44

Shandong Yabo Technology Co (SZSE:002323) 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.

Shandong Yabo 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
	=	45.503	/	15.1805
	=	3.00

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.

Shandong Yabo Technology Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.1805	/	54.067
	=	0.28

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.

Shandong Yabo Technology Co Days Inventory Related Terms

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

Shandong Yabo Technology Co (SZSE:002323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shandong Yabo Technology Co Ltd (SZSE:002323) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.17 Donghai Road, Shizhong District, Shandong Province, Zaozhuang, CHN, 200335

Website

http://www.yabaite.com

Shandong Yabo Technology Co Ltd is engaged in designing and development of new materials for metal roofing and wall enclosure systems. The firm's main business scope includes Metal roofing business, New energy business, and Smart building business. New energy business provides photovoltaic power station integrated energy solutions.

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