The historical rank and industry rank for Ningbo Construction Co's Days Inventory or its related term are showing as below:
SHSE:601789'
s Days Inventory Range Over the Past 10 Years
Min: 12.73 Med: 70.77 Max: 123.84
Current: 16.81
During the past 13 years, Ningbo Construction Co's highest Days Inventory was 123.84. The lowest was 12.73. And the median was 70.77.
SHSE:601789's Days Inventory is ranked better than 69.87% of 1394
companies
in the Construction industry
Industry Median: 49.255
vs SHSE:601789: 16.81
Ningbo Construction Co's Days Inventory
declined
from Mar. 2023 (16.32) to Mar. 2024 (16.27).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Ningbo Construction Co's Inventory Turnover for the
three
months ended in Mar. 2024 was 5.61.
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.
Ningbo Construction Co's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.17.
Ningbo Construction Co Days Inventory Historical Data
The historical data trend for Ningbo Construction 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.
Competitive Comparison of Ningbo Construction Co's Days Inventory
For the Engineering & Construction subindustry, Ningbo Construction 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.
Ningbo Construction Co's Days Inventory Distribution in the Construction Industry
For the Construction industry and Industrials sector, Ningbo Construction Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Ningbo Construction Co's Days Inventory falls into.
Ningbo Construction Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Ningbo Construction Co's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Ningbo Construction Co (SHSE:601789) 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.
Ningbo Construction 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.
Ningbo Construction 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.
Ningbo Construction Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Ningbo Construction Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Ningbo Construction Co (SHSE:601789) Business Description
Ningbo Construction Co Ltd is a China-based construction company. It is engaged in the housing construction and general construction business. In addition, the company is also involved in the operation of civil engineering, engineering design, municipal garden, equipment installation and equipment leasing. Its business scope covers engineering survey, architectural design, housing construction and municipal general contracting, rail transit, mechanical and electrical equipment installation, decoration and decoration, steel structure, commercial concrete and prefabricated components. The business segments of the company are the Survey and design section, General contracting sector, and Industrial building sector.
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