The historical rank and industry rank for Hongda Xingye Co's Days Inventory or its related term are showing as below:
SZSE:002002'
s Days Inventory Range Over the Past 10 Years
Min: 34.2 Med: 54.64 Max: 137.52
Current: 137.52
During the past 13 years, Hongda Xingye Co's highest Days Inventory was 137.52. The lowest was 34.20. And the median was 54.64.
SZSE:002002's Days Inventory is not ranked
in the Chemicals industry.
Industry Median: 81.73
vs SZSE:002002: 137.52
Hongda Xingye Co's Days Inventory
increased
from Sep. 2022 (64.77) to Sep. 2023 (403.47).
It might indicate that Hongda Xingye Co's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Hongda Xingye Co's Inventory Turnover for the
three
months ended in Sep. 2023 was 0.23.
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.
Hongda Xingye Co's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 4.31.
Hongda Xingye Co Days Inventory Historical Data
The historical data trend for Hongda Xingye 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.
Competitive Comparison of Hongda Xingye Co's Days Inventory
For the Specialty Chemicals subindustry, Hongda Xingye 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.
Hongda Xingye Co's Days Inventory Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Hongda Xingye Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Hongda Xingye Co's Days Inventory falls into.
Hongda Xingye Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Hongda Xingye Co's Days Inventory for the fiscal year that ended in Dec. 2022 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.
Hongda Xingye Co (SZSE:002002) 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.
Hongda Xingye Co's Inventory Turnover for the
three
months ended in Sep. 2023 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.
Hongda Xingye Co's Inventory to Revenue for the
three
months ended in Sep. 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.
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.
Hongda Xingye Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Hongda Xingye Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Hongda Xingye Co (SZSE:002002) Business Description
Hongda Xingye Co Ltd is a Chinese chemical resource company. It is engaged in the manufacture and sale of chemical products. The business areas of the company are New materials, Environmental protection, and Electronic trading. It offers products like soil conditioner, desulfurizer; environmental modification engineering services such as soil remediation, desulfuration, and denitration; PVC new materials like PVC, modified PVC, PVC building formwork, PVC pharmaceutical packaging material, PVC ecological houses; rare earth new materials such as rare earth heat stabilizer and rare earth catalyst. In addition, the company also provide services of the business to business e-commerce, comprehensive logistics, technical support for large spot industrial raw materials.
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