Hebei Yichen Industrial Group (HKSE:01596) Days Inventory : 178.55 (As of Dec. 2024)

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What is Hebei Yichen Industrial Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hebei Yichen Industrial Group's Average Total Inventories for the six months ended in Dec. 2024 was HK$460 Mil. Hebei Yichen Industrial Group's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$470 Mil. Hence, Hebei Yichen Industrial Group's Days Inventory for the six months ended in Dec. 2024 was 178.55.

The historical rank and industry rank for Hebei Yichen Industrial Group's Days Inventory or its related term are showing as below:

HKSE:01596' s Days Inventory Range Over the Past 10 Years
Min: 102.39 Med: 147.57 Max: 180.78
Current: 177.37

During the past 12 years, Hebei Yichen Industrial Group's highest Days Inventory was 180.78. The lowest was 102.39. And the median was 147.57.

HKSE:01596's Days Inventory is ranked worse than
95.54% of 785 companies
in the Transportation industry
Industry Median: 11.81 vs HKSE:01596: 177.37

Hebei Yichen Industrial Group's Days Inventory increased from Dec. 2023 (143.82) to Dec. 2024 (178.55). It might indicate that Hebei Yichen Industrial Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hebei Yichen Industrial Group's Inventory Turnover for the six months ended in Dec. 2024 was 1.02.

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. Hebei Yichen Industrial Group's Inventory-to-Revenue for the six months ended in Dec. 2024 was 0.73.

Hebei Yichen Industrial Group Days Inventory Historical Data

The historical data trend for Hebei Yichen Industrial 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.

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Hebei Yichen Industrial Group Days Inventory Chart

Hebei Yichen Industrial Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

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180.78

160.53

161.98

144.76

171.38

Hebei Yichen Industrial Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Inventory	Get a 7-Day Free Trial															157.42	167.96	143.82	183.07	178.55

Competitive Comparison of Hebei Yichen Industrial Group's Days Inventory

For the Railroads subindustry, Hebei Yichen Industrial 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.

Hebei Yichen Industrial Group's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hebei Yichen Industrial Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hebei Yichen Industrial Group's Days Inventory falls into.

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Hebei Yichen Industrial Group Days Inventory Calculation

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

Hebei Yichen Industrial Group's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (388.621	+	451.196)	/	2 )	/	894.31	*	365
=	419.9085					/	894.31	*	365
=	171.38

Hebei Yichen Industrial Group's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (469.064	+	451.196)	/	2 )	/	470.317	*	365 / 2
=	460.13					/	470.317	*	365 / 2
=	178.55

Hebei Yichen Industrial Group (HKSE:01596) 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.

Hebei Yichen Industrial Group's Inventory Turnover for the six months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	470.317	/	460.13
	=	1.02

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.

Hebei Yichen Industrial Group's Inventory to Revenue for the six months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	460.13	/	632.108
	=	0.73

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.

Hebei Yichen Industrial Group Days Inventory Related Terms

Thank you for viewing the detailed overview of Hebei Yichen Industrial Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Hebei Yichen Industrial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hebei Yichen Industrial Group Corp Ltd (HKSE:01596) » Definitions » Days Inventory

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Traded in Other Exchanges

HE2:Germany

Address

No. 1 Yichen North Street, Gaocheng District, Hebei Province, Shijiazhuang, CHN

Website

https://www.hbyc.com.cn

Hebei Yichen Industrial Group Corp Ltd is one of the rail fastening system providers in the PRC, with the business focusing on three business segments namely Rail Fastening System Products; Welding Wire Products; and Railway Sleeper Products. Its maximum revenue is generated by the Rail fastening system segment. Some of its products include the Spring bar type IV fastener system; the WJ-7 type fastener system; the DT-VI2 fastener system; the Double-layer nonlinear shock-absorbing fastener system; the Spring bar II type fastener system and others.

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