GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ganfeng Lithium Group Co Ltd (SZSE:002460) » Definitions » Days Inventory

Ganfeng Lithium Group Co (SZSE:002460) Days Inventory : 190.11 (As of Sep. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Ganfeng Lithium Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ganfeng Lithium Group Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥8,191 Mil. Ganfeng Lithium Group Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥3,932 Mil. Hence, Ganfeng Lithium Group Co's Days Inventory for the three months ended in Sep. 2024 was 190.11.

The historical rank and industry rank for Ganfeng Lithium Group Co's Days Inventory or its related term are showing as below:

SZSE:002460' s Days Inventory Range Over the Past 10 Years
Min: 83.11   Med: 132.25   Max: 191.14
Current: 158.05

During the past 13 years, Ganfeng Lithium Group Co's highest Days Inventory was 191.14. The lowest was 83.11. And the median was 132.25.

SZSE:002460's Days Inventory is ranked worse than
83.46% of 1493 companies
in the Chemicals industry
Industry Median: 79.65 vs SZSE:002460: 158.05

Ganfeng Lithium Group Co's Days Inventory increased from Sep. 2023 (141.76) to Sep. 2024 (190.11). It might indicate that Ganfeng Lithium Group Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ganfeng Lithium Group Co's Inventory Turnover for the three months ended in Sep. 2024 was 0.48.

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. Ganfeng Lithium Group Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.89.


Ganfeng Lithium Group Co Days Inventory Historical Data

The historical data trend for Ganfeng Lithium Group 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.

Ganfeng Lithium Group Co Days Inventory Chart

Ganfeng Lithium Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 189.30 191.14 149.35 115.74 118.09

Ganfeng Lithium Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 141.76 122.23 146.45 180.75 190.11

Competitive Comparison of Ganfeng Lithium Group Co's Days Inventory

For the Chemicals subindustry, Ganfeng Lithium Group 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.


Ganfeng Lithium Group Co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ganfeng Lithium Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ganfeng Lithium Group Co's Days Inventory falls into.



Ganfeng Lithium Group Co Days Inventory Calculation

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

Ganfeng Lithium Group 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
=( (10111.077 + 8263.955) / 2 ) / 28396.867*365
=9187.516 / 28396.867*365
=118.09

Ganfeng Lithium Group 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
=( (8120.867 + 8261.337) / 2 ) / 3931.599*365 / 4
=8191.102 / 3931.599*365 / 4
=190.11

* 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.


Ganfeng Lithium Group Co  (SZSE:002460) 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.

Ganfeng Lithium Group Co'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.

Ganfeng Lithium Group Co'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.


Ganfeng Lithium Group Co Days Inventory Related Terms

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


Ganfeng Lithium Group Co Business Description

Traded in Other Exchanges
Address
248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG
Founded in 2000, Ganfeng is the world's third largest and China's largest lithium compounds producer and the world's largest lithium metals producer in terms of production capacity. The company offers five major categories of more than 40 lithium compounds and metals products, which is one of the most comprehensive product offerings among the suppliers globally. Starting as a midstream manufacturer of lithium compounds and lithium metals, Ganfeng has successfully expanded into a vertically integrated business model with operations along the critical stages of the industry value chain, including upstream lithium extraction, midstream lithium compounds and metals processing, and downstream lithium battery production and recycling.
Executives
Fu Li Hua Executives
Li Liang Bin Director
Wang Xiao Shen Directors, executives
Shen Hai Bo Directors, executives
Xu Jian Hua Executives
Yang Man Ying Executives
Gong Yong Supervisors
Deng Zhao Nan Directors, executives
Tang Xiao Qiang Supervisors
Zou Jian Supervisors
Liu Ming Executives
Zhang Bao Xiu Supervisors
Yu Xiao Li Securities Affairs Representative
Ou Yang Ming Directors, executives
Cao Zhi Ang Supervisors

Ganfeng Lithium Group Co Headlines

No Headlines