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Lingyuan Iron & Steel Co (SHSE:600231) Days Inventory : 30.26 (As of Sep. 2024)


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What is Lingyuan Iron & Steel Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Lingyuan Iron & Steel Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥1,392 Mil. Lingyuan Iron & Steel Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥4,198 Mil. Hence, Lingyuan Iron & Steel Co's Days Inventory for the three months ended in Sep. 2024 was 30.26.

The historical rank and industry rank for Lingyuan Iron & Steel Co's Days Inventory or its related term are showing as below:

SHSE:600231' s Days Inventory Range Over the Past 10 Years
Min: 29.54   Med: 34.46   Max: 53.62
Current: 29.54

During the past 13 years, Lingyuan Iron & Steel Co's highest Days Inventory was 53.62. The lowest was 29.54. And the median was 34.46.

SHSE:600231's Days Inventory is ranked better than
89.93% of 586 companies
in the Steel industry
Industry Median: 87.835 vs SHSE:600231: 29.54

Lingyuan Iron & Steel Co's Days Inventory declined from Sep. 2023 (31.72) to Sep. 2024 (30.26).

Inventory Turnover measures how fast the company turns over its inventory within a year. Lingyuan Iron & Steel Co's Inventory Turnover for the three months ended in Sep. 2024 was 3.02.

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. Lingyuan Iron & Steel Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.38.


Lingyuan Iron & Steel Co Days Inventory Historical Data

The historical data trend for Lingyuan Iron & Steel 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.

Lingyuan Iron & Steel Co Days Inventory Chart

Lingyuan Iron & Steel 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 35.42 33.91 33.34 35.00 32.84

Lingyuan Iron & Steel Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 31.72 32.56 29.91 26.81 30.26

Competitive Comparison of Lingyuan Iron & Steel Co's Days Inventory

For the Steel subindustry, Lingyuan Iron & Steel 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.


Lingyuan Iron & Steel Co's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Lingyuan Iron & Steel Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Lingyuan Iron & Steel Co's Days Inventory falls into.



Lingyuan Iron & Steel Co Days Inventory Calculation

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

Lingyuan Iron & Steel 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
=( (1730.99 + 1954.586) / 2 ) / 20483.898*365
=1842.788 / 20483.898*365
=32.84

Lingyuan Iron & Steel Co's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

Days Inventory (Q: Sep. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (1386.367 + 1397.826) / 2 ) / 4197.784*365 / 4
=1392.0965 / 4197.784*365 / 4
=30.26

* 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.


Lingyuan Iron & Steel Co  (SHSE:600231) 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.

Lingyuan Iron & Steel Co's Inventory Turnover for the three months ended in Sep. 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.

Lingyuan Iron & Steel Co's Inventory to Revenue for the three months ended in Sep. 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.


Lingyuan Iron & Steel Co Days Inventory Related Terms

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


Lingyuan Iron & Steel Co Business Description

Traded in Other Exchanges
N/A
Address
No. 3 Gangtie Road, Lingyuan, Liaoning, CHN, 122500
Lingyuan Iron & Steel Co Ltd is engaged in mining, steel smelting, and steel rolling.
Executives
Ma Xiao Yong senior management
Zhang Peng Director
Li Jing Dong Directors, senior managers
Jiang Zhen Sheng senior management
Wang Bao Jie senior management
Zhang Li Xin senior management
Lv Kai Li Supervisors
Lu Ya Dong Director
Hou Bai Ying Supervisors
He Zhi Guo Director
Hao Zhi Qiang Director
Shen Xun Director
Zhang Zhen Yong Director
Yuan Cheng De Supervisors
Yu Fu Zhu Supervisors

Lingyuan Iron & Steel Co Headlines

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