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Harbin Air Conditioning Co (SHSE:600202) Days Inventory : 153.21 (As of Mar. 2024)


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What is Harbin Air Conditioning Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Harbin Air Conditioning Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥382 Mil. Harbin Air Conditioning Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥228 Mil. Hence, Harbin Air Conditioning Co's Days Inventory for the three months ended in Mar. 2024 was 153.21.

The historical rank and industry rank for Harbin Air Conditioning Co's Days Inventory or its related term are showing as below:

SHSE:600202' s Days Inventory Range Over the Past 10 Years
Min: 95.57   Med: 166.45   Max: 396.77
Current: 111.82

During the past 13 years, Harbin Air Conditioning Co's highest Days Inventory was 396.77. The lowest was 95.57. And the median was 166.45.

SHSE:600202's Days Inventory is ranked worse than
73.35% of 1396 companies
in the Construction industry
Industry Median: 48.905 vs SHSE:600202: 111.82

Harbin Air Conditioning Co's Days Inventory increased from Mar. 2023 (125.02) to Mar. 2024 (153.21). It might indicate that Harbin Air Conditioning Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Harbin Air Conditioning Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.60.

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. Harbin Air Conditioning Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.44.


Harbin Air Conditioning Co Days Inventory Historical Data

The historical data trend for Harbin Air Conditioning Co'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.

Harbin Air Conditioning Co Days Inventory Chart

Harbin Air Conditioning Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 158.63 174.27 141.27 97.19 95.57

Harbin Air Conditioning Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 125.02 78.97 111.92 124.49 153.21

Competitive Comparison of Harbin Air Conditioning Co's Days Inventory

For the Building Products & Equipment subindustry, Harbin Air Conditioning Co'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.


Harbin Air Conditioning Co's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Harbin Air Conditioning Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Harbin Air Conditioning Co's Days Inventory falls into.



Harbin Air Conditioning Co Days Inventory Calculation

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

Harbin Air Conditioning Co'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
=( (277.836 + 344.9) / 2 ) / 1189.216*365
=311.368 / 1189.216*365
=95.57

Harbin Air Conditioning Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (344.9 + 419.955) / 2 ) / 227.763*365 / 4
=382.4275 / 227.763*365 / 4
=153.21

* 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.


Harbin Air Conditioning Co  (SHSE:600202) 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.

Harbin Air Conditioning Co's Inventory Turnover for the three months ended in Mar. 2024 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.

Harbin Air Conditioning Co's Inventory to Revenue for the three months ended in Mar. 2024 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.


Harbin Air Conditioning Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Harbin Air Conditioning Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Harbin Air Conditioning Co (SHSE:600202) Business Description

Traded in Other Exchanges
N/A
Address
No. 25 Maimai Road, Daoli District, Harbin, Heilongjiang, CHN, 150010
Harbin Air Conditioning Co Ltd in China is engaged in the designing and manufacturing of energy saving and environmentally-friendly products such as petrochemical air cooling condensers, power plant air coolers, and air conditioning HVAC equipment. Its products are widely used in petrochemical, power energy, steel and metallurgical industries.

Harbin Air Conditioning Co (SHSE:600202) Headlines

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