China Specialty Glass AG (FRA:8GS) Days Inventory : 13.64 (As of Jun. 2014)

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What is China Specialty Glass AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Specialty Glass AG's Average Total Inventories for the three months ended in Jun. 2014 was €2.4 Mil. China Specialty Glass AG's Cost of Goods Sold for the three months ended in Jun. 2014 was €15.8 Mil. Hence, China Specialty Glass AG's Days Inventory for the three months ended in Jun. 2014 was 13.64.

The historical rank and industry rank for China Specialty Glass AG's Days Inventory or its related term are showing as below:

FRA:8GS's Days Inventory is not ranked ^*
in the Business Services industry.
Industry Median: 28.55
* Ranked among companies with meaningful Days Inventory only.

China Specialty Glass AG's Days Inventory declined from Jun. 2013 (15.54) to Jun. 2014 (13.64).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Specialty Glass AG's Inventory Turnover for the three months ended in Jun. 2014 was 6.69.

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. China Specialty Glass AG's Inventory-to-Revenue for the three months ended in Jun. 2014 was 0.08.

China Specialty Glass AG Days Inventory Historical Data

The historical data trend for China Specialty Glass AG'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.

China Specialty Glass AG Days Inventory Chart

China Specialty Glass AG Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Days Inventory

17.59

14.27

12.15

China Specialty Glass AG Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Days Inventory	Get a 7-Day Free Trial									15.54	13.57	19.97	13.61	13.64

Competitive Comparison of China Specialty Glass AG's Days Inventory

For the Security & Protection Services subindustry, China Specialty Glass AG'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.

China Specialty Glass AG's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, China Specialty Glass AG's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Specialty Glass AG's Days Inventory falls into.

China Specialty Glass AG Days Inventory Calculation

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

China Specialty Glass AG's Days Inventory for the fiscal year that ended in Dec. 2013 is calculated as

	Days Inventory (A: Dec. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2013 )	*	Days in Period
=	( (2.398	+	2.132)	/	2 )	/	68.051	*	365
=	2.265					/	68.051	*	365
=	12.15

China Specialty Glass AG's Days Inventory for the quarter that ended in Jun. 2014 is calculated as:

	Days Inventory (Q: Jun. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2014 )	+	Total Inventories (Q: Jun. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
=	( (2.572	+	2.15)	/	2 )	/	15.798	*	365 / 4
=	2.361					/	15.798	*	365 / 4
=	13.64

China Specialty Glass AG (FRA:8GS) 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.

China Specialty Glass AG's Inventory Turnover for the three months ended in Jun. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	15.798	/	2.361
	=	6.69

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.

China Specialty Glass AG's Inventory to Revenue for the three months ended in Jun. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.361	/	28.688
	=	0.08

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.

China Specialty Glass AG Days Inventory Related Terms

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China Specialty Glass AG (FRA:8GS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Specialty Glass AG (FRA:8GS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

An den Romerhuegeln 1, Grunwald, DEU, 82031

Website

http://www.csg-ag.com

China Specialty Glass AG is a glass manufacturer in China. It develops, produces and sells specialty glass under its Hing Wah brand. It operates into three business segments namely automotive security glass; bank security glass and construction glass.

China Specialty Glass AG (FRA:8GS) Headlines

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