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Chnv Technology Co (BJSE:836957) Days Inventory : 33.91 (As of Mar. 2024)


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What is Chnv Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chnv Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥38.6 Mil. Chnv Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥103.8 Mil. Hence, Chnv Technology Co's Days Inventory for the three months ended in Mar. 2024 was 33.91.

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

BJSE:836957' s Days Inventory Range Over the Past 10 Years
Min: 7.77   Med: 20.21   Max: 25.79
Current: 23.5

During the past 11 years, Chnv Technology Co's highest Days Inventory was 25.79. The lowest was 7.77. And the median was 20.21.

BJSE:836957's Days Inventory is ranked better than
94.84% of 1491 companies
in the Chemicals industry
Industry Median: 81.73 vs BJSE:836957: 23.50

Chnv Technology Co's Days Inventory increased from Mar. 2023 (19.50) to Mar. 2024 (33.91). It might indicate that Chnv Technology Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chnv Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 2.69.

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. Chnv Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.33.


Chnv Technology Co Days Inventory Historical Data

The historical data trend for Chnv 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.

Chnv Technology Co Days Inventory Chart

Chnv Technology 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 22.17 21.16 19.75 18.46 25.79

Chnv Technology Co Quarterly Data
Jun18 Dec18 Jun19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 19.50 17.23 17.87 24.34 33.91

Competitive Comparison of Chnv Technology Co's Days Inventory

For the Specialty Chemicals subindustry, Chnv 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.


Chnv Technology Co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chnv Technology Co's Days Inventory distribution charts can be found below:

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



Chnv Technology Co Days Inventory Calculation

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

Chnv 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
=( (16.88 + 39.794) / 2 ) / 401.096*365
=28.337 / 401.096*365
=25.79

Chnv 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
=( (39.794 + 37.358) / 2 ) / 103.796*365 / 4
=38.576 / 103.796*365 / 4
=33.91

* 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.


Chnv Technology Co  (BJSE:836957) 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.

Chnv Technology Co's Inventory Turnover for the three months ended in Mar. 2024 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.

Chnv Technology Co's Inventory to Revenue for the three months ended in Mar. 2024 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.


Chnv Technology Co Days Inventory Related Terms

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


Chnv Technology Co (BJSE:836957) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, Qiaotai Street, Qiaoxinxi 1st Road,, Guangdong Province, Qiaotou Town, Dongguan City, CHN, 523525
Website
Chnv Technology Co Ltd engages in research and development, production, and sales of polymer material environmental protection additives. It has an automatic production line and specializes in the production of additives for petrochemicals, rubber, plastic, paint, paper, and other fields.

Chnv Technology Co (BJSE:836957) Headlines

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