China Treasures New Materials Group (HKSE:02439) Days Inventory : 40.70 (As of Jun. 2024)

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What is China Treasures New Materials Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Treasures New Materials Group's Average Total Inventories for the six months ended in Jun. 2024 was HK$28.4 Mil. China Treasures New Materials Group's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$127.5 Mil. Hence, China Treasures New Materials Group's Days Inventory for the six months ended in Jun. 2024 was 40.70.

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

HKSE:02439' s Days Inventory Range Over the Past 10 Years
Min: 42.65 Med: 56.69 Max: 184.47
Current: 42.65

During the past 5 years, China Treasures New Materials Group's highest Days Inventory was 184.47. The lowest was 42.65. And the median was 56.69.

HKSE:02439's Days Inventory is ranked better than
81.36% of 1497 companies
in the Chemicals industry
Industry Median: 77.63 vs HKSE:02439: 42.65

China Treasures New Materials Group's Days Inventory declined from Jun. 2023 (54.59) to Jun. 2024 (40.70).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Treasures New Materials Group's Inventory Turnover for the six months ended in Jun. 2024 was 4.48.

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 Treasures New Materials Group's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.13.

China Treasures New Materials Group Days Inventory Historical Data

The historical data trend for China Treasures New 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.

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China Treasures New Materials Group Days Inventory Chart

China Treasures New Materials Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

184.47

114.55

56.69

54.00

49.51

China Treasures New Materials Group Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial			33.56	68.90	54.59	40.32	40.70

Competitive Comparison of China Treasures New Materials Group's Days Inventory

For the Specialty Chemicals subindustry, China Treasures New 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 Treasures New Materials Group's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, China Treasures New Materials Group's Days Inventory distribution charts can be found below:

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

China Treasures New Materials Group Days Inventory Calculation

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

China Treasures New Materials Group'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
=	( (42.211	+	23.174)	/	2 )	/	241.021	*	365
=	32.6925					/	241.021	*	365
=	49.51

China Treasures New Materials Group'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
=	( (23.174	+	33.722)	/	2 )	/	127.549	*	365 / 2
=	28.448					/	127.549	*	365 / 2
=	40.70

China Treasures New Materials Group (HKSE:02439) 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 Treasures New Materials Group's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	127.549	/	28.448
	=	4.48

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 Treasures New Materials Group's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	28.448	/	211.937
	=	0.13

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 Treasures New Materials Group Days Inventory Related Terms

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

China Treasures New Materials Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Treasures New Materials Group Ltd (HKSE:02439) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Jinger Road, South Karen Industrial Zone, Jiutai Economic Development Zone, Jilin Province, Changchun City, CHN

Website

http://www.jl-ks.cn

China Treasures New Materials Group Ltd mainly engages in developing and manufacturing biodegradable plastic products in Northeast China. Its biodegradable plastic products mainly come in biodegradable roll bags. The company provides biodegradable plastic products including biodegradable masterbatches that can be used to produce biodegradable plastic products. It has two segments development and manufacture of biodegradable plastic products; and development and manufacture of non-biodegradable automobile plastic parts.

Executives

Zhang Yuqiu
Lvsetianye Technology Holdings Limited
Lvsesenlin Technology Holdings Limited
Shan Yuzhu
Daziran Technology Invest Holdings Limited
China Plastic Environmental Protection Holdings Limited	2101 Beneficial owner
Zhe Jiang An Ji Jing Ji Kai Fa Qu Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you

China Treasures New Materials Group Headlines

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