Ruichang International Holdings (HKSE:01334) Days Inventory : 77.11 (As of Jun. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Ruichang International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ruichang International Holdings's Average Total Inventories for the six months ended in Jun. 2024 was HK$68.1 Mil. Ruichang International Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$161.1 Mil. Hence, Ruichang International Holdings's Days Inventory for the six months ended in Jun. 2024 was 77.11.

The historical rank and industry rank for Ruichang International Holdings's Days Inventory or its related term are showing as below:

HKSE:01334' s Days Inventory Range Over the Past 10 Years
Min: 62.62 Med: 65.61 Max: 93.4
Current: 72.22

During the past 4 years, Ruichang International Holdings's highest Days Inventory was 93.40. The lowest was 62.62. And the median was 65.61.

HKSE:01334's Days Inventory is ranked better than
77.83% of 2923 companies
in the Industrial Products industry
Industry Median: 121.36 vs HKSE:01334: 72.22

Ruichang International Holdings's Days Inventory increased from Jun. 2023 (73.09) to Jun. 2024 (77.11). It might indicate that Ruichang International Holdings's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ruichang International Holdings's Inventory Turnover for the six months ended in Jun. 2024 was 2.37.

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. Ruichang International Holdings's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.28.

Ruichang International Holdings Days Inventory Historical Data

The historical data trend for Ruichang International Holdings'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.

Ruichang International Holdings Days Inventory Chart

Ruichang International Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Days Inventory

93.40

65.61

62.62

72.96

Ruichang International Holdings Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Days Inventory	Get a 7-Day Free Trial			-	73.09	56.09	77.11	66.92

Competitive Comparison of Ruichang International Holdings's Days Inventory

For the Specialty Industrial Machinery subindustry, Ruichang International Holdings'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.

Ruichang International Holdings's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ruichang International Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ruichang International Holdings's Days Inventory falls into.

Save Embed

;

Save Embed

;

Ruichang International Holdings Days Inventory Calculation

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

Ruichang International Holdings'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
=	( (59.329	+	73.001)	/	2 )	/	385.646	*	365
=	66.165					/	385.646	*	365
=	62.62

Ruichang International Holdings's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (73.001	+	63.126)	/	2 )	/	161.094	*	365 / 2
=	68.0635					/	161.094	*	365 / 2
=	77.11

Ruichang International Holdings (HKSE:01334) 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.

Ruichang International Holdings's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	161.094	/	68.0635
	=	2.37

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.

Ruichang International Holdings's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	68.0635	/	242.108
	=	0.28

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.

Ruichang International Holdings Days Inventory Related Terms

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

Ruichang International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ruichang International Holdings Ltd (HKSE:01334) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qinzhou North Road, Room 201, 2nd Floor, No.1001, Xuhui District, Shanghai, CHN

Website

https://www.ruichang.com.cn

Ruichang International Holdings Ltd is a petroleum refinery and petrochemical equipment manufacturer. Its products are divided into four product categories, namely (i) SRU and VOCs incineration equipment; (ii) catalytic cracking equipment; (iii) process burners; and (iv) heat exchangers. The group also provides installation services for the equipment manufactured and ancillary facilities such as electrical erection work and mechanical erection work.

Executives

Huang Shan Jian Tou Si Mu Ji Jin Guan Li You Xian Gong Si	2101 Beneficial owner
Bai Wei	2202 Interest of your spouse
Lu Bo	2501 Other
Lu Xiaojing	2501 Other
Shao Song	2202 Interest of your spouse
Tct (bvi) Limited
The Core Trust Company Limited
Lady Jing Limited
Lxj Limited
Now Wealth Limited
One Ideal Limited

Ruichang International Holdings Headlines

No Headlines