XTC New Energy Materials (Xiamen) Co (SHSE:688778) Days Inventory : 71.00 (As of Sep. 2024)

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What is XTC New Energy Materials (Xiamen) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). XTC New Energy Materials (Xiamen) Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥2,511 Mil. XTC New Energy Materials (Xiamen) Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥3,227 Mil. Hence, XTC New Energy Materials (Xiamen) Co's Days Inventory for the three months ended in Sep. 2024 was 71.00.

The historical rank and industry rank for XTC New Energy Materials (Xiamen) Co's Days Inventory or its related term are showing as below:

SHSE:688778' s Days Inventory Range Over the Past 10 Years
Min: 43.23 Med: 60.91 Max: 122.42
Current: 63.97

During the past 7 years, XTC New Energy Materials (Xiamen) Co's highest Days Inventory was 122.42. The lowest was 43.23. And the median was 60.91.

SHSE:688778's Days Inventory is ranked better than
82.52% of 2924 companies
in the Industrial Products industry
Industry Median: 121.515 vs SHSE:688778: 63.97

XTC New Energy Materials (Xiamen) Co's Days Inventory increased from Sep. 2023 (40.82) to Sep. 2024 (71.00). It might indicate that XTC New Energy Materials (Xiamen) Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. XTC New Energy Materials (Xiamen) Co's Inventory Turnover for the three months ended in Sep. 2024 was 1.29.

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. XTC New Energy Materials (Xiamen) Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.70.

XTC New Energy Materials (Xiamen) Co Days Inventory Historical Data

The historical data trend for XTC New Energy Materials (Xiamen) 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.

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XTC New Energy Materials (Xiamen) Co Days Inventory Chart

XTC New Energy Materials (Xiamen) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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69.70

52.92

51.83

43.23

60.91

XTC New Energy Materials (Xiamen) 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															40.82	48.56	60.50	79.28	71.00

Competitive Comparison of XTC New Energy Materials (Xiamen) Co's Days Inventory

For the Electrical Equipment & Parts subindustry, XTC New Energy Materials (Xiamen) 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.

XTC New Energy Materials (Xiamen) Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, XTC New Energy Materials (Xiamen) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where XTC New Energy Materials (Xiamen) Co's Days Inventory falls into.

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XTC New Energy Materials (Xiamen) Co Days Inventory Calculation

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

XTC New Energy Materials (Xiamen) 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
=	( (3351.689	+	1963.827)	/	2 )	/	15927.192	*	365
=	2657.758					/	15927.192	*	365
=	60.91

XTC New Energy Materials (Xiamen) 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
=	( (2531.115	+	2490.602)	/	2 )	/	3227.066	*	365 / 4
=	2510.8585					/	3227.066	*	365 / 4
=	71.00

XTC New Energy Materials (Xiamen) Co (SHSE:688778) 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.

XTC New Energy Materials (Xiamen) Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3227.066	/	2510.8585
	=	1.29

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.

XTC New Energy Materials (Xiamen) Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2510.8585	/	3582.219
	=	0.70

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.

XTC New Energy Materials (Xiamen) Co Days Inventory Related Terms

Thank you for viewing the detailed overview of XTC New Energy Materials (Xiamen) Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

XTC New Energy Materials (Xiamen) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » XTC New Energy Materials (Xiamen) Co Ltd (SHSE:688778) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

One of No. 300 Kejingshe, Fujian Pilot Free Trade Zone, Xiamen, CHN, 361026

Website

http://www.xtc-xny.com

XTC New Energy Materials (Xiamen) Co Ltd is engaged in the research and development, production and sales of cathode materials for lithium-ion batteries.

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