Tongguan Mines Construction Co of Tongling Nonferrous Metals Group (BJSE:920019) Days Inventory : 35.56 (As of Sep. 2024)

Tongguan Mines Construction Co of Tongling Nonferrous Metals Group Days Inventory Chart

Tongguan Mines Construction Co of Tongling Nonferrous Metals Group Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial													34.86	23.23	30.96	30.75	35.56

Competitive Comparison of Tongguan Mines Construction Co of Tongling Nonferrous Metals Group's Days Inventory

For the Other Industrial Metals & Mining subindustry, Tongguan Mines Construction Co of Tongling Nonferrous Metals Group'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.

Tongguan Mines Construction Co of Tongling Nonferrous Metals Group's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tongguan Mines Construction Co of Tongling Nonferrous Metals Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tongguan Mines Construction Co of Tongling Nonferrous Metals Group's Days Inventory falls into.

Tongguan Mines Construction Co of Tongling Nonferrous Metals Group Days Inventory Calculation

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

Tongguan Mines Construction Co of Tongling Nonferrous Metals Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Tongguan Mines Construction Co of Tongling Nonferrous Metals Group's Days Inventory for the quarter that ended in Sep. 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.

Tongguan Mines Construction Co of Tongling Nonferrous Metals Group  (BJSE:920019) 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.

Tongguan Mines Construction Co of Tongling Nonferrous Metals Group's Inventory Turnover for the three months ended in Sep. 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.

Tongguan Mines Construction Co of Tongling Nonferrous Metals Group's Inventory to Revenue for the three months ended in Sep. 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.

Tongguan Mines Construction Co of Tongling Nonferrous Metals Group Days Inventory Related Terms

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Tongguan Mines Construction Co of Tongling Nonferrous Metals Group Business Description