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South Manganese Investment (HKSE:01091) Days Inventory : 35.25 (As of Dec. 2023)


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What is South Manganese Investment Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). South Manganese Investment's Average Total Inventories for the six months ended in Dec. 2023 was HK$1,762 Mil. South Manganese Investment's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$9,122 Mil. Hence, South Manganese Investment's Days Inventory for the six months ended in Dec. 2023 was 35.25.

The historical rank and industry rank for South Manganese Investment's Days Inventory or its related term are showing as below:

HKSE:01091' s Days Inventory Range Over the Past 10 Years
Min: 33.52   Med: 49.91   Max: 140.8
Current: 40.35

During the past 13 years, South Manganese Investment's highest Days Inventory was 140.80. The lowest was 33.52. And the median was 49.91.

HKSE:01091's Days Inventory is ranked better than
80.61% of 660 companies
in the Metals & Mining industry
Industry Median: 88.605 vs HKSE:01091: 40.35

South Manganese Investment's Days Inventory declined from Dec. 2022 (45.02) to Dec. 2023 (35.25).

Inventory Turnover measures how fast the company turns over its inventory within a year. South Manganese Investment's Inventory Turnover for the six months ended in Dec. 2023 was 5.18.

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. South Manganese Investment's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.19.


South Manganese Investment Days Inventory Historical Data

The historical data trend for South Manganese Investment'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.

South Manganese Investment Days Inventory Chart

South Manganese Investment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.34 50.38 33.52 40.44 39.78

South Manganese Investment 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 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 28.65 33.58 45.02 47.58 35.25

Competitive Comparison of South Manganese Investment's Days Inventory

For the Other Industrial Metals & Mining subindustry, South Manganese Investment'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.


South Manganese Investment's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, South Manganese Investment's Days Inventory distribution charts can be found below:

* The bar in red indicates where South Manganese Investment's Days Inventory falls into.



South Manganese Investment Days Inventory Calculation

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

South Manganese Investment'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
=( (1849.089 + 1681.92) / 2 ) / 16199.813*365
=1765.5045 / 16199.813*365
=39.78

South Manganese Investment'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
=( (1841.587 + 1681.92) / 2 ) / 9122.235*365 / 2
=1761.7535 / 9122.235*365 / 2
=35.25

* 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.


South Manganese Investment  (HKSE:01091) 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.

South Manganese Investment's Inventory Turnover for the six months ended in Dec. 2023 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.

South Manganese Investment's Inventory to Revenue for the six months ended in Dec. 2023 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.


South Manganese Investment Days Inventory Related Terms

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


South Manganese Investment (HKSE:01091) Business Description

Traded in Other Exchanges
Address
95 Queensway, Room A02, 35th Floor, United Centre, Admiralty, Hong Kong, HKG
South Manganese Investment Ltd is a mining company that is engaged in manganese mining and ore processing in China and Gabon and downstream processing operations. It operates in four segments namely Manganese mining which engages in the mining and production of manganese products including mining, beneficiation, concentrating, grinding and the production of manganese concentrates; EMM and alloying materials production segment comprise hydrometallurgical processing and pyrometallurgical processing; Battery materials production segment engages in the production and sale of battery materials products, including Electrolytic Manganese Dioxide; and Trading business segment includes trading of various commodities such as manganese ore, sales of scraps, and others.

South Manganese Investment (HKSE:01091) Headlines

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