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Jiahe Foods Industry Co (SHSE:605300) Days Inventory : 61.44 (As of Mar. 2024)


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What is Jiahe Foods Industry Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiahe Foods Industry Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥299 Mil. Jiahe Foods Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥444 Mil. Hence, Jiahe Foods Industry Co's Days Inventory for the three months ended in Mar. 2024 was 61.44.

The historical rank and industry rank for Jiahe Foods Industry Co's Days Inventory or its related term are showing as below:

SHSE:605300' s Days Inventory Range Over the Past 10 Years
Min: 46.02   Med: 53.72   Max: 62.02
Current: 51.77

During the past 8 years, Jiahe Foods Industry Co's highest Days Inventory was 62.02. The lowest was 46.02. And the median was 53.72.

SHSE:605300's Days Inventory is ranked better than
73.56% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.1 vs SHSE:605300: 51.77

Jiahe Foods Industry Co's Days Inventory increased from Mar. 2023 (58.42) to Mar. 2024 (61.44). It might indicate that Jiahe Foods Industry Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiahe Foods Industry Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.49.

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. Jiahe Foods Industry Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.55.


Jiahe Foods Industry Co Days Inventory Historical Data

The historical data trend for Jiahe Foods Industry 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.

Jiahe Foods Industry Co Days Inventory Chart

Jiahe Foods Industry Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 46.02 54.25 53.90 62.02 52.01

Jiahe Foods Industry Co Quarterly Data
Dec18 Mar19 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 58.42 54.43 49.74 46.12 61.44

Competitive Comparison of Jiahe Foods Industry Co's Days Inventory

For the Packaged Foods subindustry, Jiahe Foods Industry 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.


Jiahe Foods Industry Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Jiahe Foods Industry Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jiahe Foods Industry Co's Days Inventory falls into.



Jiahe Foods Industry Co Days Inventory Calculation

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

Jiahe Foods Industry 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
=( (359.988 + 304.201) / 2 ) / 2330.58*365
=332.0945 / 2330.58*365
=52.01

Jiahe Foods Industry 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
=( (304.201 + 293.541) / 2 ) / 443.866*365 / 4
=298.871 / 443.866*365 / 4
=61.44

* 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.


Jiahe Foods Industry Co  (SHSE:605300) 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.

Jiahe Foods Industry 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.

Jiahe Foods Industry 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.


Jiahe Foods Industry Co Days Inventory Related Terms

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


Jiahe Foods Industry Co (SHSE:605300) Business Description

Traded in Other Exchanges
N/A
Address
127 Wufang Road, Youyi Industrial Zone, Songling Town, Wujiang District, Jiangsu Province, Suzhou, CHN, 215200
Jiahe Foods Industry Co Ltd is engaged in the research and development, production and sales of non-dairy creamer, coffee and other solid beverages.

Jiahe Foods Industry Co (SHSE:605300) Headlines

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