Tunghsu Azure Renewable Energy Co (SZSE:000040) Days Inventory : 34.29 (As of Sep. 2023)

View and export this data going back to 1994. Start your Free Trial

What is Tunghsu Azure Renewable Energy Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tunghsu Azure Renewable Energy Co's Average Total Inventories for the three months ended in Sep. 2023 was ¥93 Mil. Tunghsu Azure Renewable Energy Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥249 Mil. Hence, Tunghsu Azure Renewable Energy Co's Days Inventory for the three months ended in Sep. 2023 was 34.29.

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

SZSE:000040' s Days Inventory Range Over the Past 10 Years
Min: 10.36 Med: 114.83 Max: 2002.49
Current: 24.08

During the past 13 years, Tunghsu Azure Renewable Energy Co's highest Days Inventory was 2002.49. The lowest was 10.36. And the median was 114.83.

SZSE:000040's Days Inventory is ranked better than
57.36% of 326 companies
in the Utilities - Independent Power Producers industry
Industry Median: 30.485 vs SZSE:000040: 24.08

Tunghsu Azure Renewable Energy Co's Days Inventory increased from Sep. 2022 (10.99) to Sep. 2023 (34.29). It might indicate that Tunghsu Azure Renewable Energy Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tunghsu Azure Renewable Energy Co's Inventory Turnover for the three months ended in Sep. 2023 was 2.66.

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. Tunghsu Azure Renewable Energy Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.25.

Tunghsu Azure Renewable Energy Co Days Inventory Historical Data

The historical data trend for Tunghsu Azure Renewable 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.

Tunghsu Azure Renewable Energy Co Days Inventory Chart

Tunghsu Azure Renewable Energy Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

Get a 7-Day Free Trial

116.25

113.40

20.34

10.36

12.67

Tunghsu Azure Renewable Energy Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															10.99	34.46	17.72	18.75	34.29

Competitive Comparison of Tunghsu Azure Renewable Energy Co's Days Inventory

For the Utilities - Renewable subindustry, Tunghsu Azure Renewable 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.

Tunghsu Azure Renewable Energy Co's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Tunghsu Azure Renewable Energy Co's Days Inventory falls into.

Tunghsu Azure Renewable Energy Co Days Inventory Calculation

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

Tunghsu Azure Renewable Energy Co's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (85.874	+	89.9)	/	2 )	/	2531.792	*	365
=	87.887					/	2531.792	*	365
=	12.67

Tunghsu Azure Renewable Energy Co's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (91.355	+	95.588)	/	2 )	/	248.73	*	365 / 4
=	93.4715					/	248.73	*	365 / 4
=	34.29

Tunghsu Azure Renewable Energy Co (SZSE:000040) 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.

Tunghsu Azure Renewable Energy Co's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	248.73	/	93.4715
	=	2.66

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.

Tunghsu Azure Renewable Energy Co's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	93.4715	/	368.834
	=	0.25

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.

Tunghsu Azure Renewable Energy Co Days Inventory Related Terms

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

Tunghsu Azure Renewable Energy Co (SZSE:000040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tunghsu Azure Renewable Energy Co Ltd (SZSE:000040) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

25-27th Floor Hongji Building, No 1011 Dong Men Zhong Road, Guangdong, Shenzhen, CHN, 518001

Website

http://www.dongxulantian.com

Tunghsu Azure Renewable Energy Co Ltd is engaged in the business of new energy and ecological protection. It offers smart energy with multi-complementary, integrated distribution, and cogeneration of cold and heat, through environmental protection. The company also provides a package of green development solution. Its business scope covers ecological comprehensive management, water environment restoration and operation, soil and mine restoration, and hazardous waste/solid waste treatment. In addition, it provides local governments with planning and design in the fields of infrastructure construction and eco-environmental protection, investment, construction, operations, management, and other life cycle solutions.

Tunghsu Azure Renewable Energy Co (SZSE:000040) Headlines

No Headlines