Luoyang Kechuang New Material Co (BJSE:833580) Days Inventory : 245.09 (As of Jun. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Luoyang Kechuang New Material Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Luoyang Kechuang New Material Co's Average Total Inventories for the three months ended in Jun. 2024 was ¥52.7 Mil. Luoyang Kechuang New Material Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥19.6 Mil. Hence, Luoyang Kechuang New Material Co's Days Inventory for the three months ended in Jun. 2024 was 245.09.

The historical rank and industry rank for Luoyang Kechuang New Material Co's Days Inventory or its related term are showing as below:

BJSE:833580' s Days Inventory Range Over the Past 10 Years
Min: 126.27 Med: 193.34 Max: 252.65
Current: 252.65

During the past 11 years, Luoyang Kechuang New Material Co's highest Days Inventory was 252.65. The lowest was 126.27. And the median was 193.34.

BJSE:833580's Days Inventory is ranked worse than
87.9% of 372 companies
in the Building Materials industry
Industry Median: 85.52 vs BJSE:833580: 252.65

Luoyang Kechuang New Material Co's Days Inventory increased from Jun. 2023 (236.38) to Jun. 2024 (245.09). It might indicate that Luoyang Kechuang New Material Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Luoyang Kechuang New Material Co's Inventory Turnover for the three months ended in Jun. 2024 was 0.37.

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. Luoyang Kechuang New Material Co's Inventory-to-Revenue for the three months ended in Jun. 2024 was 1.88.

Luoyang Kechuang New Material Co Days Inventory Historical Data

The historical data trend for Luoyang Kechuang New Material 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.

Luoyang Kechuang New Material Co Days Inventory Chart

Luoyang Kechuang New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

188.03

205.16

240.75

243.32

224.13

Luoyang Kechuang New Material Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Inventory	Get a 7-Day Free Trial															236.38	259.99	192.81	353.43	245.09

Competitive Comparison of Luoyang Kechuang New Material Co's Days Inventory

For the Building Materials subindustry, Luoyang Kechuang New Material 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.

Luoyang Kechuang New Material Co's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Luoyang Kechuang New Material Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Luoyang Kechuang New Material Co's Days Inventory falls into.

Luoyang Kechuang New Material Co Days Inventory Calculation

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

Luoyang Kechuang New Material 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
=	( (39.263	+	42.6)	/	2 )	/	66.657	*	365
=	40.9315					/	66.657	*	365
=	224.13

Luoyang Kechuang New Material Co's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (51.28	+	54.219)	/	2 )	/	19.639	*	365 / 4
=	52.7495					/	19.639	*	365 / 4
=	245.09

Luoyang Kechuang New Material Co (BJSE:833580) 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.

Luoyang Kechuang New Material Co's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19.639	/	52.7495
	=	0.37

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.

Luoyang Kechuang New Material Co's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	52.7495	/	28.121
	=	1.88

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.

Luoyang Kechuang New Material Co Days Inventory Related Terms

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

Luoyang Kechuang New Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Luoyang Kechuang New Material Co Ltd (BJSE:833580) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dongwei 2nd Road, Jingjin Road,, Luoxin Industrial Cluster Area, Cijian Town, Xin'an County, Henan Province, Luoyang City, CHN, 471822

Website

http://www.kcnh.com

Luoyang Kechuang New Material Co Ltd engages in research and development, production, and sales of refractory materials for steel, nonferrous metals, and other industries. The company produces ladle bottom blowing argon gas permeable components, tundish and electric furnace refractories, castables, thermal insulation and anti-seepage materials, and others.

Luoyang Kechuang New Material Co Headlines

No Headlines