Hunan Huitong Advanced Materials Co (BJSE:833751) Days Inventory : 188.60 (As of Sep. 2024)

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What is Hunan Huitong Advanced Materials Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hunan Huitong Advanced Materials Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥82.8 Mil. Hunan Huitong Advanced Materials Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥40.1 Mil. Hence, Hunan Huitong Advanced Materials Co's Days Inventory for the three months ended in Sep. 2024 was 188.60.

The historical rank and industry rank for Hunan Huitong Advanced Materials Co's Days Inventory or its related term are showing as below:

BJSE:833751' s Days Inventory Range Over the Past 10 Years
Min: 189.28 Med: 249.71 Max: 281.44
Current: 236.3

During the past 11 years, Hunan Huitong Advanced Materials Co's highest Days Inventory was 281.44. The lowest was 189.28. And the median was 249.71.

BJSE:833751's Days Inventory is ranked worse than
82.61% of 2904 companies
in the Industrial Products industry
Industry Median: 121.88 vs BJSE:833751: 236.30

Hunan Huitong Advanced Materials Co's Days Inventory declined from Sep. 2023 (242.03) to Sep. 2024 (188.60).

Inventory Turnover measures how fast the company turns over its inventory within a year. Hunan Huitong Advanced Materials Co's Inventory Turnover for the three months ended in Sep. 2024 was 0.48.

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. Hunan Huitong Advanced Materials Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.32.

Hunan Huitong Advanced Materials Co Days Inventory Historical Data

The historical data trend for Hunan Huitong Advanced Materials 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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Hunan Huitong Advanced Materials Co Days Inventory Chart

Hunan Huitong Advanced Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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237.66

273.76

281.44

281.33

279.72

Hunan Huitong Advanced Materials Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															242.03	306.71	259.60	225.22	188.60

Competitive Comparison of Hunan Huitong Advanced Materials Co's Days Inventory

For the Metal Fabrication subindustry, Hunan Huitong Advanced Materials 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.

Hunan Huitong Advanced Materials Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hunan Huitong Advanced Materials Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hunan Huitong Advanced Materials Co's Days Inventory falls into.

Hunan Huitong Advanced Materials Co Days Inventory Calculation

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

Hunan Huitong Advanced Materials 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
=	( (88.229	+	89.99)	/	2 )	/	116.275	*	365
=	89.1095					/	116.275	*	365
=	279.72

Hunan Huitong Advanced Materials Co's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (86.635	+	78.94)	/	2 )	/	40.055	*	365 / 4
=	82.7875					/	40.055	*	365 / 4
=	188.60

Hunan Huitong Advanced Materials Co (BJSE:833751) 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.

Hunan Huitong Advanced Materials Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	40.055	/	82.7875
	=	0.48

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.

Hunan Huitong Advanced Materials Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	82.7875	/	62.676
	=	1.32

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.

Hunan Huitong Advanced Materials Co Days Inventory Related Terms

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

Hunan Huitong Advanced Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hunan Huitong Advanced Materials Co Ltd (BJSE:833751) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 489 Lusong Road, Yuelu, Hunan, Changsha, CHN, 410205

Website

https://www.ht-metalfiber.com

Hunan Huitong Advanced Materials Co Ltd is engaged in research & development, production and sales of metal fibers and their products. The company has a complete metal fiber production line. The main products are: various metal fibers with a diameter of 2-100m (such as stainless steel fibers, iron-chromium-aluminum fibers, nickel fibers, titanium fibers, aluminum fibers, etc.) Widely used in automotive, textile, petroleum, chemical, military, communications and other fields.

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