China Gengsheng Minerals (FRA:CGS) Days Inventory : 64.97 (As of Dec. 2013)

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What is China Gengsheng Minerals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Gengsheng Minerals's Average Total Inventories for the three months ended in Dec. 2013 was €10.03 Mil. China Gengsheng Minerals's Cost of Goods Sold for the three months ended in Dec. 2013 was €14.09 Mil. Hence, China Gengsheng Minerals's Days Inventory for the three months ended in Dec. 2013 was 64.97.

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

FRA:CGS' s Days Inventory Range Over the Past 10 Years
Min: 62.26 Med: 98.08 Max: 109.23
Current: 89.9

During the past 8 years, China Gengsheng Minerals's highest Days Inventory was 109.23. The lowest was 62.26. And the median was 98.08.

FRA:CGS's Days Inventory is not ranked
in the Building Materials industry.
Industry Median: 84.94 vs FRA:CGS: 89.90

China Gengsheng Minerals's Days Inventory declined from Dec. 2012 (86.84) to Dec. 2013 (64.97).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Gengsheng Minerals's Inventory Turnover for the three months ended in Dec. 2013 was 1.40.

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 Gengsheng Minerals's Inventory-to-Revenue for the three months ended in Dec. 2013 was 0.69.

China Gengsheng Minerals Days Inventory Historical Data

The historical data trend for China Gengsheng Minerals'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 Gengsheng Minerals Days Inventory Chart

China Gengsheng Minerals Annual Data

Trend

Sep06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Days Inventory

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103.28

101.23

97.83

89.57

91.87

China Gengsheng Minerals Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Days Inventory	Get a 7-Day Free Trial															86.84	120.71	97.21	107.65	64.97

Competitive Comparison of China Gengsheng Minerals's Days Inventory

For the Building Materials subindustry, China Gengsheng Minerals'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 Gengsheng Minerals's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, China Gengsheng Minerals's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Gengsheng Minerals's Days Inventory falls into.

China Gengsheng Minerals Days Inventory Calculation

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

China Gengsheng Minerals'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
=	( (9.884	+	9.523)	/	2 )	/	38.554	*	365
=	9.7035					/	38.554	*	365
=	91.87

China Gengsheng Minerals's Days Inventory for the quarter that ended in Dec. 2013 is calculated as:

	Days Inventory (Q: Dec. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2013 )	+	Total Inventories (Q: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
=	( (10.541	+	9.523)	/	2 )	/	14.09	*	365 / 4
=	10.032					/	14.09	*	365 / 4
=	64.97

China Gengsheng Minerals (FRA:CGS) 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 Gengsheng Minerals's Inventory Turnover for the three months ended in Dec. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14.09	/	10.032
	=	1.40

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 Gengsheng Minerals's Inventory to Revenue for the three months ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.032	/	14.507
	=	0.69

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 Gengsheng Minerals Days Inventory Related Terms

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

China Gengsheng Minerals (FRA:CGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Gengsheng Minerals (FRA:CGS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88 Gengsheng Road, Dayugou Town, Gongyi, Henan, CHN, 451271

Website

http://www.gengsheng.com

China Gengsheng Minerals Inc is a holding company. It operates in the materials technology industry through its subsidiaries in China. It develops, manufactures and sells a broad range of mineral-based products. Its products include refractory products, industrial ceramics, fracture proppants and fine precision abrasives and corundum materials. It sells its products to iron, steel, oil, glass, cement, aluminum, chemical and solar industries. The company has Refractories, Industrial ceramic, Fracture proppant, Fire precision abrasives segments. It derives the majority of its revenues from Refractories segment.

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