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Ningbo Shimao Energy Co (SHSE:605028) Days Inventory : 26.78 (As of Sep. 2024)


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What is Ningbo Shimao Energy Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ningbo Shimao Energy Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥8.8 Mil. Ningbo Shimao Energy Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥30.2 Mil. Hence, Ningbo Shimao Energy Co's Days Inventory for the three months ended in Sep. 2024 was 26.78.

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

SHSE:605028' s Days Inventory Range Over the Past 10 Years
Min: 12.79   Med: 14.49   Max: 24.26
Current: 22.46

During the past 8 years, Ningbo Shimao Energy Co's highest Days Inventory was 24.26. The lowest was 12.79. And the median was 14.49.

SHSE:605028's Days Inventory is ranked better than
60.86% of 327 companies
in the Utilities - Independent Power Producers industry
Industry Median: 33.95 vs SHSE:605028: 22.46

Ningbo Shimao Energy Co's Days Inventory increased from Sep. 2023 (20.54) to Sep. 2024 (26.78). It might indicate that Ningbo Shimao Energy Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ningbo Shimao Energy Co's Inventory Turnover for the three months ended in Sep. 2024 was 3.41.

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 Shimao Energy Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.11.


Ningbo Shimao Energy Co Days Inventory Historical Data

The historical data trend for Ningbo Shimao 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.

Ningbo Shimao Energy Co Days Inventory Chart

Ningbo Shimao Energy Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 14.58 13.90 16.47 18.66 24.26

Ningbo Shimao 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 20.54 18.66 21.86 25.08 26.78

Competitive Comparison of Ningbo Shimao Energy Co's Days Inventory

For the Utilities - Renewable subindustry, Ningbo Shimao 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.


Ningbo Shimao Energy Co's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Ningbo Shimao Energy Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ningbo Shimao Energy Co's Days Inventory falls into.



Ningbo Shimao Energy Co Days Inventory Calculation

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

Ningbo Shimao 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
=( (9.289 + 8.103) / 2 ) / 130.815*365
=8.696 / 130.815*365
=24.26

Ningbo Shimao 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
=( (8.607 + 9.091) / 2 ) / 30.155*365 / 4
=8.849 / 30.155*365 / 4
=26.78

* 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 Shimao Energy Co  (SHSE:605028) 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 Shimao 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.

Ningbo Shimao 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.


Ningbo Shimao Energy Co Days Inventory Related Terms

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


Ningbo Shimao Energy Co Business Description

Traded in Other Exchanges
N/A
Address
No. 8, Guangxing Road, Binhai Industrial Park, Xiaocao'e Town, Zhejiang Province, Yuyao, CHN, 315475
Ningbo Shimao Energy Co Ltd is a cogeneration company with domestic waste and coal as the main raw materials. It provides central heating for the Sino-Italian Ningbo Ecological Park and the surrounding electroplating and food parks for the only regional cogeneration company in the area.

Ningbo Shimao Energy Co Headlines

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