Sinomach General Machinery Science & Technology Co (SHSE:600444) Days Inventory : 160.41 (As of Mar. 2024)

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What is Sinomach General Machinery Science & Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sinomach General Machinery Science & Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥244.8 Mil. Sinomach General Machinery Science & Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥139.3 Mil. Hence, Sinomach General Machinery Science & Technology Co's Days Inventory for the three months ended in Mar. 2024 was 160.41.

The historical rank and industry rank for Sinomach General Machinery Science & Technology Co's Days Inventory or its related term are showing as below:

SHSE:600444' s Days Inventory Range Over the Past 10 Years
Min: 45.53 Med: 93.77 Max: 143.05
Current: 142.38

During the past 13 years, Sinomach General Machinery Science & Technology Co's highest Days Inventory was 143.05. The lowest was 45.53. And the median was 93.77.

SHSE:600444's Days Inventory is ranked worse than
79.34% of 1394 companies
in the Construction industry
Industry Median: 48.8 vs SHSE:600444: 142.38

Sinomach General Machinery Science & Technology Co's Days Inventory declined from Mar. 2023 (206.52) to Mar. 2024 (160.41).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sinomach General Machinery Science & Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.57.

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. Sinomach General Machinery Science & Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.51.

Sinomach General Machinery Science & Technology Co Days Inventory Historical Data

The historical data trend for Sinomach General Machinery Science & Technology 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.

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Sinomach General Machinery Science & Technology Co Days Inventory Chart

Sinomach General Machinery Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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101.93

129.07

128.94

143.05

135.68

Sinomach General Machinery Science & Technology 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															206.52	168.92	253.81	80.53	160.41

Competitive Comparison of Sinomach General Machinery Science & Technology Co's Days Inventory

For the Building Products & Equipment subindustry, Sinomach General Machinery Science & Technology 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.

Sinomach General Machinery Science & Technology Co's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Sinomach General Machinery Science & Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sinomach General Machinery Science & Technology Co's Days Inventory falls into.

Sinomach General Machinery Science & Technology Co Days Inventory Calculation

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

Sinomach General Machinery Science & Technology 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
=	( (242.427	+	223.887)	/	2 )	/	627.215	*	365
=	233.157					/	627.215	*	365
=	135.68

Sinomach General Machinery Science & Technology 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
=	( (223.887	+	265.79)	/	2 )	/	139.276	*	365 / 4
=	244.8385					/	139.276	*	365 / 4
=	160.41

Sinomach General Machinery Science & Technology Co (SHSE:600444) 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.

Sinomach General Machinery Science & Technology Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	139.276	/	244.8385
	=	0.57

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.

Sinomach General Machinery Science & Technology Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	244.8385	/	161.991
	=	1.51

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.

Sinomach General Machinery Science & Technology Co Days Inventory Related Terms

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

Sinomach General Machinery Science & Technology Co (SHSE:600444) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sinomach General Machinery Science & Technology Co Ltd (SHSE:600444) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fanhua Avenue, Guotong Industrial Park, New and High-tech Development Zone, Hefei, Anhui, CHN, 230601

Website

http://www.guotone.com

Sinomach General Machinery Science & Technology Co Ltd is engaged in the business of fluid machinery and pipe. The main products of the fluid machinery business include refrigeration experimental equipment, sewage treatment equipment and various other non-standard fluid machinery equipment. The pipe business is mainly engaged in producing UPVC double-wall corrugated pipe, HDPE double-wall corrugated pipe, HDPE water supply pipe, HDPE gas pipe, HDPE traction pipe, HDPE ground source heat pump pipe, HDPE steel coiled pipe, HDPE steel pipe corrugated pipe, UPVC reinforced pipe, PPR hot and cold water pipe, UPVC building drain pipe, line pipe, inner rib pipe, structural wall pipe, and pipe fittings.

Executives

Xu Xu Zhong	senior management
Dou Wan Bo	Director
Chen Xiao Hong	Director

Sinomach General Machinery Science & Technology Co (SHSE:600444) Headlines

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