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Far East Smarter Energy Co (SHSE:600869) Days Inventory : 47.04 (As of Sep. 2024)


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What is Far East Smarter Energy Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Far East Smarter Energy Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥3,153 Mil. Far East Smarter Energy Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥6,117 Mil. Hence, Far East Smarter Energy Co's Days Inventory for the three months ended in Sep. 2024 was 47.04.

The historical rank and industry rank for Far East Smarter Energy Co's Days Inventory or its related term are showing as below:

SHSE:600869' s Days Inventory Range Over the Past 10 Years
Min: 36.31   Med: 48.25   Max: 66.43
Current: 50.1

During the past 13 years, Far East Smarter Energy Co's highest Days Inventory was 66.43. The lowest was 36.31. And the median was 48.25.

SHSE:600869's Days Inventory is ranked better than
88.4% of 2923 companies
in the Industrial Products industry
Industry Median: 121.49 vs SHSE:600869: 50.10

Far East Smarter Energy Co's Days Inventory increased from Sep. 2023 (45.76) to Sep. 2024 (47.04). It might indicate that Far East Smarter Energy Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Far East Smarter Energy Co's Inventory Turnover for the three months ended in Sep. 2024 was 1.94.

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. Far East Smarter Energy Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.46.


Far East Smarter Energy Co Days Inventory Historical Data

The historical data trend for Far East Smarter Energy 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.

Far East Smarter Energy Co Days Inventory Chart

Far East Smarter Energy 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 61.21 43.26 46.36 50.14 46.29

Far East Smarter Energy 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 45.76 43.38 65.11 48.25 47.04

Competitive Comparison of Far East Smarter Energy Co's Days Inventory

For the Electrical Equipment & Parts subindustry, Far East Smarter Energy 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.


Far East Smarter Energy Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Far East Smarter Energy Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Far East Smarter Energy Co's Days Inventory falls into.


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Far East Smarter Energy Co Days Inventory Calculation

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

Far East Smarter Energy 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
=( (2573.921 + 2903.178) / 2 ) / 21595.592*365
=2738.5495 / 21595.592*365
=46.29

Far East Smarter Energy 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
=( (3060.613 + 3245.839) / 2 ) / 6116.631*365 / 4
=3153.226 / 6116.631*365 / 4
=47.04

* 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.


Far East Smarter Energy Co  (SHSE:600869) 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.

Far East Smarter Energy 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.

Far East Smarter Energy 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.


Far East Smarter Energy Co Days Inventory Related Terms

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


Far East Smarter Energy Co Business Description

Traded in Other Exchanges
N/A
Address
No.8, Yuandong Road, Gaocheng Town, Yixing, Jiangsu, CHN, 214257
Far East Smarter Energy Co Ltd operates as a wire and cable manufacturer in China. The company is mainly engaged in system development, design, manufacturing, marketing and service of four major types of cable products, such as overhead wires, power cables, wire and cable for electrical equipment, and special cables. Its products are widely used in smart power, smart transportation, intelligent energy intelligent construction and other fields.
Executives
Jiang Xi Pei Director
Jiang Hua Jun Director
Chen Jing Director
Jiang Guo Jian Supervisors
Chen Jin Long Supervisors
Zhang Xi Lan Director
Wang Chuan Bin Director
Li Tai Yan Director
Jiang Su Wen senior management
Wang Zheng Director
Shao Liang Supervisors
Kuang Guang Zheng Supervisors
Gan Xing Zhong senior management
Jiang Cheng Zhi Director
Zhu Zhang Biao senior management

Far East Smarter Energy Co Headlines

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