Shandong Weida Machinery Co (SZSE:002026) Days Inventory : 129.70 (As of Sep. 2024)

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What is Shandong Weida Machinery Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shandong Weida Machinery Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥573 Mil. Shandong Weida Machinery Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥403 Mil. Hence, Shandong Weida Machinery Co's Days Inventory for the three months ended in Sep. 2024 was 129.70.

The historical rank and industry rank for Shandong Weida Machinery Co's Days Inventory or its related term are showing as below:

SZSE:002026' s Days Inventory Range Over the Past 10 Years
Min: 86.44 Med: 155.84 Max: 179.09
Current: 119.32

During the past 13 years, Shandong Weida Machinery Co's highest Days Inventory was 179.09. The lowest was 86.44. And the median was 155.84.

SZSE:002026's Days Inventory is ranked better than
51.22% of 2921 companies
in the Industrial Products industry
Industry Median: 122.26 vs SZSE:002026: 119.32

Shandong Weida Machinery Co's Days Inventory increased from Sep. 2023 (126.21) to Sep. 2024 (129.70). It might indicate that Shandong Weida Machinery Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shandong Weida Machinery Co's Inventory Turnover for the three months ended in Sep. 2024 was 0.70.

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. Shandong Weida Machinery Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.07.

Shandong Weida Machinery Co Days Inventory Historical Data

The historical data trend for Shandong Weida Machinery 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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Shandong Weida Machinery Co Days Inventory Chart

Shandong Weida Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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165.39

105.07

86.44

136.55

118.28

Shandong Weida Machinery 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															126.21	102.53	131.86	112.78	129.70

Competitive Comparison of Shandong Weida Machinery Co's Days Inventory

For the Specialty Industrial Machinery subindustry, Shandong Weida Machinery 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.

Shandong Weida Machinery Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shandong Weida Machinery Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shandong Weida Machinery Co's Days Inventory falls into.

Shandong Weida Machinery Co Days Inventory Calculation

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

Shandong Weida Machinery 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
=	( (687.284	+	555.75)	/	2 )	/	1917.974	*	365
=	621.517					/	1917.974	*	365
=	118.28

Shandong Weida Machinery 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
=	( (577.116	+	569.16)	/	2 )	/	403.233	*	365 / 4
=	573.138					/	403.233	*	365 / 4
=	129.70

Shandong Weida Machinery Co (SZSE:002026) 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.

Shandong Weida Machinery Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	403.233	/	573.138
	=	0.70

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.

Shandong Weida Machinery Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	573.138	/	534.57
	=	1.07

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.

Shandong Weida Machinery Co Days Inventory Related Terms

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

Shandong Weida Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Weida Machinery Co Ltd (SZSE:002026) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 Zhonghan Road, Manshan Town, Shandong Province, Wendeng, CHN, 264414

Website

http://www.weidapeacock.com

Shandong Weida Machinery Co Ltd is a China-based machine industry company. It is engaged in the manufacturing and distribution of different kinds of chucks, saw blades for cutting wood, steel and stone, accessories of sinter parts and Investment casting parts. The firm offers its products within four main categories including the classic key type chucks, keyless chucks, chucks with lock, and self-tightening chucks. It sales its products in the china and overseas market. Its product offerings include die casting products, reciprocating saw speed control device, VS80 power tool switch, VS80B series variable speed switch, precision casting, powder metallurgy, and switches.

Executives

Liu You Cai	Directors, executives
Huang Jian Zhong	Director
Song Zhan You	Directors, executives
Yang Gui Mo	Director
Yang Gui Jun	Director
Cong Hu Long	Supervisors
Yang Ming Yan	Director
Wang Ji Shun	Executives

Shandong Weida Machinery Co Headlines

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