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China Gerui Advanced Materials Group (FRA:G60A) Days Inventory : 2,406.14 (As of Sep. 2014)


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What is China Gerui Advanced Materials Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Gerui Advanced Materials Group's Average Total Inventories for the three months ended in Sep. 2014 was €186.48 Mil. China Gerui Advanced Materials Group's Cost of Goods Sold for the three months ended in Sep. 2014 was €7.07 Mil. Hence, China Gerui Advanced Materials Group's Days Inventory for the three months ended in Sep. 2014 was 2,406.14.

The historical rank and industry rank for China Gerui Advanced Materials Group's Days Inventory or its related term are showing as below:

FRA:G60A' s Days Inventory Range Over the Past 10 Years
Min: 4.55   Med: 18.61   Max: 45.42
Current: 9

During the past 8 years, China Gerui Advanced Materials Group's highest Days Inventory was 45.42. The lowest was 4.55. And the median was 18.61.

FRA:G60A's Days Inventory is not ranked
in the Steel industry.
Industry Median: 88.66 vs FRA:G60A: 9.00

China Gerui Advanced Materials Group's Days Inventory increased from Sep. 2013 (75.37) to Sep. 2014 (2,406.14). It might indicate that China Gerui Advanced Materials Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Gerui Advanced Materials Group's Inventory Turnover for the three months ended in Sep. 2014 was 0.04.

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 Gerui Advanced Materials Group's Inventory-to-Revenue for the three months ended in Sep. 2014 was 77.60.


China Gerui Advanced Materials Group Days Inventory Historical Data

The historical data trend for China Gerui Advanced Materials Group'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 Gerui Advanced Materials Group Days Inventory Chart

China Gerui Advanced Materials Group Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Days Inventory
Get a 7-Day Free Trial 11.67 12.73 23.88 41.27 46.55

China Gerui Advanced Materials Group Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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 75.37 30.93 56.36 387.53 2,406.14

Competitive Comparison of China Gerui Advanced Materials Group's Days Inventory

For the Steel subindustry, China Gerui Advanced Materials 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.


China Gerui Advanced Materials Group's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, China Gerui Advanced Materials Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Gerui Advanced Materials Group's Days Inventory falls into.



China Gerui Advanced Materials Group Days Inventory Calculation

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

China Gerui Advanced Materials Group'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
=( (17.345 + 12.773) / 2 ) / 118.089*365
=15.059 / 118.089*365
=46.55

China Gerui Advanced Materials Group's Days Inventory for the quarter that ended in Sep. 2014 is calculated as:

Days Inventory (Q: Sep. 2014 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2014 ) + Total Inventories (Q: Sep. 2014 )) / count ) / Cost of Goods Sold (Q: Sep. 2014 )*Days in Period
=( (181.921 + 191.038) / 2 ) / 7.072*365 / 4
=186.4795 / 7.072*365 / 4
=2,406.14

* 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.


China Gerui Advanced Materials Group  (FRA:G60A) 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 Gerui Advanced Materials Group's Inventory Turnover for the three months ended in Sep. 2014 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.

China Gerui Advanced Materials Group's Inventory to Revenue for the three months ended in Sep. 2014 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.


China Gerui Advanced Materials Group Days Inventory Related Terms

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China Gerui Advanced Materials Group (FRA:G60A) Business Description

Traded in Other Exchanges
N/A
Address
1 Shuanghu Development Zone, Zhengzhou, Xinzheng City, Henan, CHN, 451191
China Gerui Advanced Materials Group Ltd is a China-based steel processor company. It manufactures high precision cold-rolled narrow strip steel products and converts steel manufactured into thin steel sheets and strips. It mainly produces ultra-thin, high-strength cold-rolled steel products and chromium plates. The company sells its products to domestic Chinese customers who primarily operate in the food and industrial packaging, construction and household decorations materials, electrical appliances, and telecommunications wires and cables industries.

China Gerui Advanced Materials Group (FRA:G60A) Headlines

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