China Vanadium Titano-Magnetite Mining Co (FRA:CV8S) Days Inventory : 6.44 (As of Dec. 2023)

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What is China Vanadium Titano-Magnetite Mining Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Vanadium Titano-Magnetite Mining Co's Average Total Inventories for the six months ended in Dec. 2023 was €2.2 Mil. China Vanadium Titano-Magnetite Mining Co's Cost of Goods Sold for the six months ended in Dec. 2023 was €62.0 Mil. Hence, China Vanadium Titano-Magnetite Mining Co's Days Inventory for the six months ended in Dec. 2023 was 6.44.

The historical rank and industry rank for China Vanadium Titano-Magnetite Mining Co's Days Inventory or its related term are showing as below:

FRA:CV8S' s Days Inventory Range Over the Past 10 Years
Min: 4.64 Med: 36.63 Max: 133.96
Current: 7.79

During the past 13 years, China Vanadium Titano-Magnetite Mining Co's highest Days Inventory was 133.96. The lowest was 4.64. And the median was 36.63.

FRA:CV8S's Days Inventory is ranked better than
98.78% of 573 companies
in the Steel industry
Industry Median: 86.42 vs FRA:CV8S: 7.79

China Vanadium Titano-Magnetite Mining Co's Days Inventory increased from Dec. 2022 (4.59) to Dec. 2023 (6.44). It might indicate that China Vanadium Titano-Magnetite Mining Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Vanadium Titano-Magnetite Mining Co's Inventory Turnover for the six months ended in Dec. 2023 was 28.34.

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 Vanadium Titano-Magnetite Mining Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.03.

China Vanadium Titano-Magnetite Mining Co Days Inventory Historical Data

The historical data trend for China Vanadium Titano-Magnetite Mining 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.

China Vanadium Titano-Magnetite Mining Co Days Inventory Chart

China Vanadium Titano-Magnetite Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

20.25

14.82

4.54

6.73

8.06

China Vanadium Titano-Magnetite Mining Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															4.14	8.65	4.59	10.19	6.44

Competitive Comparison of China Vanadium Titano-Magnetite Mining Co's Days Inventory

For the Steel subindustry, China Vanadium Titano-Magnetite Mining 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.

China Vanadium Titano-Magnetite Mining Co's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, China Vanadium Titano-Magnetite Mining Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Vanadium Titano-Magnetite Mining Co's Days Inventory falls into.

China Vanadium Titano-Magnetite Mining Co Days Inventory Calculation

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

China Vanadium Titano-Magnetite Mining 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
=	( (1.845	+	2.401)	/	2 )	/	96.118	*	365
=	2.123					/	96.118	*	365
=	8.06

China Vanadium Titano-Magnetite Mining Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.976	+	2.401)	/	2 )	/	62.031	*	365 / 2
=	2.1885					/	62.031	*	365 / 2
=	6.44

China Vanadium Titano-Magnetite Mining Co (FRA:CV8S) 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 Vanadium Titano-Magnetite Mining Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	62.031	/	2.1885
	=	28.34

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 Vanadium Titano-Magnetite Mining Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.1885	/	64.667
	=	0.03

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 Vanadium Titano-Magnetite Mining Co Days Inventory Related Terms

Thank you for viewing the detailed overview of China Vanadium Titano-Magnetite Mining Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

China Vanadium Titano-Magnetite Mining Co (FRA:CV8S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Vanadium Titano-Magnetite Mining Co Ltd (FRA:CV8S) » Definitions » Days Inventory

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00893:Hong Kong

Address

1 Matheson Street, 31st Floor, Tower Two Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.chinavtmmining.com

China Vanadium Titano-Magnetite Mining Co Ltd is engaged in mining and ore processing; sale of self-produced products; trading of steels; management of strategic investments; and rendering of specialized mining services. Its segments include the High-Fe Mining operation segment comprises the operation of the sale of self-produced high-grade iron concentrates within the range of 65% TFe to 72% TFe and the provision of consultancy and management services; the Trading segment comprises the operation of the sale of traded products; and the Corporate and others segment covers the nonoperating activities supporting the group which includes the central functions such as the functional costs that have not been allocated to the other segments.

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