Muyuan Foods Co (SZSE:002714) Days Inventory

: 134.89 (As of Sep. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Muyuan Foods Co's Average Total Inventories for the three months ended in Sep. 2023 was ¥41,386 Mil. Muyuan Foods Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥27,997 Mil. Hence, Muyuan Foods Co's Days Inventory for the three months ended in Sep. 2023 was 134.89.

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

SZSE:002714' s Days Inventory Range Over the Past 10 Years
Min: 128.88 Med: 173.16 Max: 233.77
Current: 135.21

During the past 13 years, Muyuan Foods Co's highest Days Inventory was 233.77. The lowest was 128.88. And the median was 173.16.

SZSE:002714's Days Inventory is ranked worse than
74.08% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.22 vs SZSE:002714: 135.21

Muyuan Foods Co's Days Inventory increased from Sep. 2022 (130.31) to Sep. 2023 (134.89). It might indicate that Muyuan Foods Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Muyuan Foods Co's Inventory Turnover for the three months ended in Sep. 2023 was 0.68.

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. Muyuan Foods Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 1.33.

Muyuan Foods Co Days Inventory Historical Data

The historical data trend for Muyuan Foods 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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Muyuan Foods Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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151.19

182.89

233.77

154.64

128.88

Muyuan Foods 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															130.31	118.96	153.94	140.01	134.89

Competitive Comparison

For the Farm Products subindustry, Muyuan Foods 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.

Muyuan Foods Co Days Inventory Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Muyuan Foods Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Muyuan Foods Co's Days Inventory falls into.

Muyuan Foods Co Days Inventory Calculation

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

Muyuan Foods 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
=	( (34475.733	+	38251.719)	/	2 )	/	102987.059	*	365
=	36363.726					/	102987.059	*	365
=	128.88

Muyuan Foods 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
=	( (42193.905	+	40578.346)	/	2 )	/	27997.283	*	365 / 4
=	41386.1255					/	27997.283	*	365 / 4
=	134.89

Muyuan Foods Co (SZSE:002714) 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.

Muyuan Foods Co's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	27997.283	/	41386.1255
	=	0.68

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.

Muyuan Foods Co's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	41386.1255	/	31099.681
	=	1.33

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.

Muyuan Foods Co Days Inventory Related Terms

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

Muyuan Foods Co (SZSE:002714) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Muyuan Foods Co Ltd (SZSE:002714) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Longsheng Industrial Park, Wolong District, Nanyang, CHN, 473000

Website

https://www.muyuanfoods.com

Muyuan Foods is the largest hog producer in China and operates an integrated model, stretching from feed processing, swine medicine development, and sow breeding, to hog raising and slaughtering. The company derives over 80% of its sales from hog production and has increased its exposure to hog processing in recent years. In recent years, feed processing has also taken up a mid-single-digit percentage of sales. Muyuan's hog output has increased 46 times between 2013 and 2022.

Muyuan Foods Co (SZSE:002714) Headlines

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