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Lithium & Boron Technology (Lithium & Boron Technology) Days Inventory : 37.78 (As of Jun. 2022)


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What is Lithium & Boron Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Lithium & Boron Technology's Average Total Inventories for the three months ended in Jun. 2022 was $0.14 Mil. Lithium & Boron Technology's Cost of Goods Sold for the three months ended in Jun. 2022 was $0.35 Mil. Hence, Lithium & Boron Technology's Days Inventory for the three months ended in Jun. 2022 was 37.78.

The historical rank and industry rank for Lithium & Boron Technology's Days Inventory or its related term are showing as below:

LBTI's Days Inventory is not ranked *
in the Chemicals industry.
Industry Median: 83.31
* Ranked among companies with meaningful Days Inventory only.

Lithium & Boron Technology's Days Inventory increased from Jun. 2021 (24.81) to Jun. 2022 (37.78). It might indicate that Lithium & Boron Technology's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lithium & Boron Technology's Inventory Turnover for the three months ended in Jun. 2022 was 2.42.

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. Lithium & Boron Technology's Inventory-to-Revenue for the three months ended in Jun. 2022 was 0.47.


Lithium & Boron Technology Days Inventory Historical Data

The historical data trend for Lithium & Boron Technology'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.

Lithium & Boron Technology Days Inventory Chart

Lithium & Boron Technology Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 169.85 72.19 114.34 81.59 58.09

Lithium & Boron Technology Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 24.81 29.73 - - 37.78

Competitive Comparison of Lithium & Boron Technology's Days Inventory

For the Chemicals subindustry, Lithium & Boron Technology'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.


Lithium & Boron Technology's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lithium & Boron Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Lithium & Boron Technology's Days Inventory falls into.



Lithium & Boron Technology Days Inventory Calculation

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

Lithium & Boron Technology's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

Days Inventory (A: Dec. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2020 ) + Total Inventories (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (1.179 + 0.005) / 2 ) / 3.72*365
=0.592 / 3.72*365
=58.09

Lithium & Boron Technology's Days Inventory for the quarter that ended in Jun. 2022 is calculated as:

Days Inventory (Q: Jun. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2022 ) + Total Inventories (Q: Jun. 2022 )) / count ) / Cost of Goods Sold (Q: Jun. 2022 )*Days in Period
=( (0.005 + 0.284) / 2 ) / 0.349*365 / 4
=0.1445 / 0.349*365 / 4
=37.78

* 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.


Lithium & Boron Technology  (OTCPK:LBTI) 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.

Lithium & Boron Technology's Inventory Turnover for the three months ended in Jun. 2022 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.

Lithium & Boron Technology's Inventory to Revenue for the three months ended in Jun. 2022 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.


Lithium & Boron Technology Days Inventory Related Terms

Thank you for viewing the detailed overview of Lithium & Boron Technology's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Lithium & Boron Technology (Lithium & Boron Technology) Business Description

Traded in Other Exchanges
N/A
Address
60 East Ren-Min Road, Xai Xi County, Qing Hai Province, Da-Chai Dan, CHN, 817000
Lithium & Boron Technology Inc is a Chinese boric acid manufacturing company. The company through its holding manufactures and sells boric acid and related compounds for industrial and consumer use. It offers boric acid manufacturing facilities to produce lithium carbonate for the rapidly growing electric vehicle battery market in China.
Executives
Jimin Zhang 10 percent owner 33 DENG SHI DOU STREET, BEJING F4 100006
Ginko International Investment Co., Ltd 10 percent owner WICKHAMS CAY II, ROAD TOWN, TORTOLA D8 VG1110
Jian Zhang 10 percent owner 60 EAST REN-MIN ROAD, DA-CHAI-DAN TOWN, XAIXI COUNTY,QING HAI PROVINCE F4 813300
Mao Zhang director, 10 percent owner 60 EAST REN-MIN ROAD, DA-CHAI-DAN TOWN, XAIXI COUNTY,QING HAI PROVINCE F4 813300
Huajun Ai officer: Corporate Secretary C/O SMARTHEAT, A-1,10, STREET 7, SHENYANG F4 110027
Northtech Holdings Inc. 10 percent owner MILL MALL 6 WICKHAMS CAY1, P. O. BOX 3085 ROAD TOWN, TORTOLA D8 VG1110
Kenneth E. Scipta director 4045 CENTER POINTE PLACE, SARASOTA FL 34233
Michael Wilhelm officer: Chief Financial Officer 6529 N. OSHKOSH AVENUE, CHICAGO IL 60631
Oliver Bialowons director, officer: President SCHREIBERSTR 38, STUTTGART 2M 70199
Qingtai Kong director A-1,10,STREET 7,SHENYANG ECON&TECH ZONE, C/O SMARTHEAT INC., SHENYANG F4 110141
Xudong Wang officer: VP of Strategy and Development C/O SMARTHEAT INC, A-1 TO ST 7 SHENYANG ECO & TECH DEV ZONE, SHENYANG F4 110027
Xin Li director C/O SMARTHEAT INC, A-1 10 STREET 7, SHENYANG F4 110027
Arnold Staloff director 1605 MAYFLOWER LANE, CHERRY HILL NJ 08003
Fredric W Rittereiser director C/O UTTC 1900 MARKET ST, STE 701, PHILADELPHIA PA 19103
Wenbin Lin director C/O SMARTHEAT,A-1,10, STREET 7, SHENYANG ECON & TECH DEV. ZONE, SHENYANG F4 110027

Lithium & Boron Technology (Lithium & Boron Technology) Headlines