Days Inventory is also known as Days Sales of Inventory (DSI). Shareate Tools's Average Total Inventories for the
three
months ended in Sep. 2024 was ¥693 Mil. Shareate Tools's Cost of Goods Sold for the
three
months ended in Sep. 2024 was ¥325 Mil.
Hence, Shareate Tools's Days Inventory for the
three
months ended in Sep. 2024 was 194.88.
The historical rank and industry rank for Shareate Tools's Days Inventory or its related term are showing as below:
SHSE:688257'
s Days Inventory Range Over the Past 10 Years
Min: 103.92 Med: 147.57 Max: 200.17
Current: 200.17
During the past 10 years, Shareate Tools's highest Days Inventory was 200.17. The lowest was 103.92. And the median was 147.57.
SHSE:688257's Days Inventory is ranked worse than 76.31% of 2904
companies
in the Industrial Products industry
Industry Median: 121.88
vs SHSE:688257: 200.17
Shareate Tools's Days Inventory
declined
from Sep. 2023 (212.60) to Sep. 2024 (194.88).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Shareate Tools's Inventory Turnover for the
three
months ended in Sep. 2024 was 0.47.
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.
Shareate Tools's Inventory-to-Revenue for the
three
months ended in Sep. 2024 was 1.48.
Shareate Tools Days Inventory Historical Data
The historical data trend for Shareate Tools'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 Shareate Tools's Days Inventory
For the Tools & Accessories subindustry, Shareate Tools'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.
Shareate Tools's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shareate Tools's Days Inventory distribution charts can be found below:
* The bar in red indicates where Shareate Tools's Days Inventory falls into.
Shareate Tools Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Shareate Tools'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.
Shareate Tools (SHSE:688257) 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.
Shareate Tools'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.
Shareate Tools'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.
Shareate Tools Days Inventory Related Terms
Thank you for viewing the detailed overview of Shareate Tools's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Shareate Tools Ltd is a national high-tech enterprise, engaged in cemented carbide products and rock drilling tools. Its main products are Rotary Tricone Bit, DTH Hammer & Bit for mining, water well, and oil-field drilling applications, oil drilling, and mining cemented carbide, carbide substrates for PDC bits, petroleum drill bit nozzle, ultra-fine cemented carbide rod, fine grain cutting tools, stamping die plate, cold heading dies, powder metallurgy dies, tungsten carbide tubular welding, wear parts, non-standard parts. It exports to South America, Africa, Australia, Russia, South Korea, USA, Canada and other countries.
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