NOEC (New Oriental Energy & Chemical) Days Inventory: 77.79 (As of Dec. 2010)


What is New Oriental Energy & Chemical Days Inventory?

New Oriental Energy & Chemical NOEC -99.00% Days Inventory is 77.79 as of Dec. 2010.

Days Inventory is also known as Days Sales of Inventory (DSI). New Oriental Energy & Chemical's Average Total Inventories for the three months ended in Dec. 2010 was $1.63 Mil. New Oriental Energy & Chemical's Cost of Goods Sold for the three months ended in Dec. 2010 was $1.91 Mil. Hence, New Oriental Energy & Chemical's Days Inventory for the three months ended in Dec. 2010 was 77.79.

The historical rank and industry rank for New Oriental Energy & Chemical's Days Inventory or its related term are showing as below:

NOEC's Days Inventory is not ranked *
in the Agriculture industry.
Industry Median: 104.3
* Ranked among companies with meaningful Days Inventory only.

New Oriental Energy & Chemical's Days Inventory increased from Dec. 2009 (38.42) to Dec. 2010 (77.79). It might indicate that New Oriental Energy & Chemical's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. New Oriental Energy & Chemical's Inventory Turnover for the three months ended in Dec. 2010 was 1.17.

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. New Oriental Energy & Chemical's Inventory-to-Revenue for the three months ended in Dec. 2010 was 1.73.

New Oriental Energy & Chemical  (OTCPK:NOEC) 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.

New Oriental Energy & Chemical's Inventory Turnover for the three months ended in Dec. 2010 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=1.912 / 1.63
=1.17

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.

New Oriental Energy & Chemical's Inventory to Revenue for the three months ended in Dec. 2010 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=1.63 / 0.944
=1.73

* 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.

New Oriental Energy & Chemical Days Inventory Related Terms

New Oriental Energy & Chemical Days Inventory Historical Data

* Premium members only.

The historical data trend for New Oriental Energy & Chemical'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.

New Oriental Energy & Chemical Days Inventory Chart

New Oriental Energy & Chemical Annual Data
Trend Dec05 Mar07 Mar08 Mar09 Mar10
Days Inventory
0.00 42.22 19.08 13.00 44.56

New Oriental Energy & Chemical Quarterly Data
Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10
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 38.42 57.26 32.27 121.94 77.79

NOEC vs RTKHQ, LBTD, CVAT: Days Inventory Comparison

For the Agricultural Inputs subindustry, New Oriental Energy & Chemical'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.

New Oriental Energy & Chemical Days Inventory vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, New Oriental Energy & Chemical's Days Inventory distribution charts can be found below:

* The bar in red indicates where New Oriental Energy & Chemical's Days Inventory falls into.


New Oriental Energy & Chemical Days Inventory Calculation

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

New Oriental Energy & Chemical's Days Inventory for the fiscal year that ended in Mar. 2010 is calculated as

Days Inventory (A: Mar. 2010 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2009 ) + Total Inventories (A: Mar. 2010 )) / count ) / Cost of Goods Sold (A: Mar. 2010 )*Days in Period
=( (1.679 + 7.608) / 2 ) / 38.037*365
=4.6435 / 38.037*365
=44.56

New Oriental Energy & Chemical's Days Inventory for the quarter that ended in Dec. 2010 is calculated as:

Days Inventory (Q: Dec. 2010 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2010 ) + Total Inventories (Q: Dec. 2010 )) / count ) / Cost of Goods Sold (Q: Dec. 2010 )*Days in Period
=( (1.748 + 1.512) / 2 ) / 1.912*365 / 4
=1.63 / 1.912*365 / 4
=77.79

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 77.79 mean?
New Oriental Energy & Chemical (NOEC) has a Days Inventory of 77.79 as of Dec. 2010. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on New Oriental Energy & Chemical and its competitors.
Is New Oriental Energy & Chemical's Days Inventory too high?
New Oriental Energy & Chemical's current Days Inventory is 77.79. The Agriculture industry median Days Inventory is 104.30. New Oriental Energy & Chemical's value of 77.79 is 25.4% below this industry median.
How does New Oriental Energy & Chemical's Days Inventory compare to RTKHQ and LBTD?
New Oriental Energy & Chemical's Days Inventory of 77.79 can be compared against companies in the Agriculture industry. The industry median Days Inventory is 104.30. New Oriental Energy & Chemical's value of 77.79 is 25.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for an Agriculture company?
The median Days Inventory among Agriculture companies is 104.30, based on 247 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. New Oriental Energy & Chemical's current Days Inventory of 77.79 is 25.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on New Oriental Energy & Chemical and its competitors. For the Agriculture industry, the median Days Inventory is 104.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Oriental Energy & Chemical's current Days Inventory is 77.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Oriental Energy & Chemical stock overvalued right now?
New Oriental Energy & Chemical (NOEC) has a current Days Inventory of 77.79. The current Days Inventory is 77.79 and 25.4% below the Agriculture industry median of 104.30. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For New Oriental Energy & Chemical (NOEC), the current Days Inventory is 77.79 as of Dec. 2010. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

New Oriental Energy & Chemical Business Description

Address Xicheng Industrial Zone of Luoshan, Xinyang, Henan Province, CHN, 464200
New Oriental Energy & Chemical Corporation, through its subsidiary, is engaged in the manufacture and distribution of fertilizer and chemical products in the People's Republic of China.