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Sk Shu Paint Co (SHSE:603737) Days Inventory : 45.53 (As of Mar. 2024)


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What is Sk Shu Paint Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sk Shu Paint Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥738 Mil. Sk Shu Paint Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,480 Mil. Hence, Sk Shu Paint Co's Days Inventory for the three months ended in Mar. 2024 was 45.53.

The historical rank and industry rank for Sk Shu Paint Co's Days Inventory or its related term are showing as below:

SHSE:603737' s Days Inventory Range Over the Past 10 Years
Min: 22.85   Med: 35.54   Max: 39.09
Current: 30.69

During the past 13 years, Sk Shu Paint Co's highest Days Inventory was 39.09. The lowest was 22.85. And the median was 35.54.

SHSE:603737's Days Inventory is ranked better than
91.3% of 1494 companies
in the Chemicals industry
Industry Median: 82.18 vs SHSE:603737: 30.69

Sk Shu Paint Co's Days Inventory increased from Mar. 2023 (40.65) to Mar. 2024 (45.53). It might indicate that Sk Shu Paint Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sk Shu Paint Co's Inventory Turnover for the three months ended in Mar. 2024 was 2.00.

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. Sk Shu Paint Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.36.


Sk Shu Paint Co Days Inventory Historical Data

The historical data trend for Sk Shu Paint 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.

Sk Shu Paint Co Days Inventory Chart

Sk Shu Paint 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 38.44 33.50 22.85 27.70 30.02

Sk Shu Paint 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 40.65 24.19 27.28 33.92 45.53

Competitive Comparison of Sk Shu Paint Co's Days Inventory

For the Specialty Chemicals subindustry, Sk Shu Paint 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.


Sk Shu Paint Co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sk Shu Paint Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sk Shu Paint Co's Days Inventory falls into.



Sk Shu Paint Co Days Inventory Calculation

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

Sk Shu Paint 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
=( (656.919 + 748.739) / 2 ) / 8544.727*365
=702.829 / 8544.727*365
=30.02

Sk Shu Paint 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
=( (748.739 + 727.615) / 2 ) / 1479.512*365 / 4
=738.177 / 1479.512*365 / 4
=45.53

* 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.


Sk Shu Paint Co  (SHSE:603737) 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.

Sk Shu Paint 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.

Sk Shu Paint 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.


Sk Shu Paint Co Days Inventory Related Terms

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


Sk Shu Paint Co (SHSE:603737) Business Description

Traded in Other Exchanges
N/A
Address
No. 518 LIyuan North Road, Licheng District, Fujian Province, Putian City, CHN, 351100
Sk Shu Paint Co Ltd operates in the business of paint products. It offers decorative paints, such as interior paints; architectural coatings, including floor paints, granite paints, stone covers, texture paints, and rock chip paints; wood paints comprising ultraviolet, PU, and NC paints; and auxiliary materials consisting of adhesives, waterproof paints, and putty.
Executives
Zhao Fu Wei Supervisors
Mi Li Directors, senior managers
Peng Yong Sen Supervisors
Hong Jie Directors, senior managers
Lin De Dian senior management
Zhu Qi Feng Directors, senior managers
Lin Li Zhong Director
Cai Wei Ting Supervisors
Huang Sheng Lin senior management
Fang Guo Qin Directors, senior managers
Chen Chao Yang Supervisors

Sk Shu Paint Co (SHSE:603737) Headlines

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