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Sinomine Resource Group Co (SZSE:002738) Days Inventory : 237.40 (As of Jun. 2024)


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What is Sinomine Resource Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sinomine Resource Group Co's Average Total Inventories for the three months ended in Jun. 2024 was ¥1,863 Mil. Sinomine Resource Group Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥716 Mil. Hence, Sinomine Resource Group Co's Days Inventory for the three months ended in Jun. 2024 was 237.40.

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

SZSE:002738' s Days Inventory Range Over the Past 10 Years
Min: 104.11   Med: 133.41   Max: 258.03
Current: 207.06

During the past 13 years, Sinomine Resource Group Co's highest Days Inventory was 258.03. The lowest was 104.11. And the median was 133.41.

SZSE:002738's Days Inventory is ranked worse than
82.6% of 661 companies
in the Metals & Mining industry
Industry Median: 86.88 vs SZSE:002738: 207.06

Sinomine Resource Group Co's Days Inventory increased from Jun. 2023 (171.20) to Jun. 2024 (237.40). It might indicate that Sinomine Resource Group 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. Sinomine Resource Group Co's Inventory Turnover for the three months ended in Jun. 2024 was 0.38.

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. Sinomine Resource Group Co's Inventory-to-Revenue for the three months ended in Jun. 2024 was 1.44.


Sinomine Resource Group Co Days Inventory Historical Data

The historical data trend for Sinomine Resource 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.

Sinomine Resource Group Co Days Inventory Chart

Sinomine Resource 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 202.85 258.03 175.96 110.92 203.20

Sinomine Resource Group Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 171.20 218.50 161.64 207.02 237.40

Competitive Comparison of Sinomine Resource Group Co's Days Inventory

For the Other Industrial Metals & Mining subindustry, Sinomine Resource 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.


Sinomine Resource Group Co's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sinomine Resource Group Co's Days Inventory distribution charts can be found below:

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



Sinomine Resource Group Co Days Inventory Calculation

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

Sinomine Resource 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
=( (1580.832 + 1444.865) / 2 ) / 2717.503*365
=1512.8485 / 2717.503*365
=203.20

Sinomine Resource Group Co's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (1721.179 + 2004.609) / 2 ) / 716.055*365 / 4
=1862.894 / 716.055*365 / 4
=237.40

* 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.


Sinomine Resource Group Co  (SZSE:002738) 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.

Sinomine Resource Group Co's Inventory Turnover for the three months ended in Jun. 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.

Sinomine Resource Group Co's Inventory to Revenue for the three months ended in Jun. 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.


Sinomine Resource Group Co Days Inventory Related Terms

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


Sinomine Resource Group Co Business Description

Traded in Other Exchanges
N/A
Address
11 Changchunqiao Road, Floor 5, Building A, Wanliuyicheng Plaza, Haidian District, Beijing, CHN, 100089
Sinomine Resource Group Co Ltd is a mineral exploration engineering technical service company. Its business is divided into various divisions such as Geological Exploration, Mining Investment, International Engineering, and Trading Business. Some of its project profile include Open Pit in Hopewell Chromite Project in Zimbabe, Caofeidian Project of Shougang Group, Sutong Bridge Large Diameter Pile Foundation Project, Backfill Station of Main Orebody of Chambishi Copper Mine Construction Project, and others.
Executives
Zhang Jin Wei Directors, Directors, and Executives
Wang Zhen Hua Executives
Jiang Yan Long Executives
Zhang Xue Shu Executives
Wang Ping Wei Directors, executives
Sun Mei Chun Director
Wei Yun Feng Director
Wang Fang Miao Director
Ou Xue Gang Director
Xiao Xiao Xia Directors, executives
Huang Ren Jing Securities Affairs Representative
Chen Hai Zhou Director
Liu Xin Guo Director
Lin Fen Supervisors
Fu Chao Yi Executives

Sinomine Resource Group Co Headlines

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