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Jiangsu Xiuqiang Glasswork Co (SZSE:300160) Days Inventory : 66.73 (As of Sep. 2024)


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What is Jiangsu Xiuqiang Glasswork Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiangsu Xiuqiang Glasswork Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥187 Mil. Jiangsu Xiuqiang Glasswork Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥255 Mil. Hence, Jiangsu Xiuqiang Glasswork Co's Days Inventory for the three months ended in Sep. 2024 was 66.73.

The historical rank and industry rank for Jiangsu Xiuqiang Glasswork Co's Days Inventory or its related term are showing as below:

SZSE:300160' s Days Inventory Range Over the Past 10 Years
Min: 36.51   Med: 49.28   Max: 73.27
Current: 63.93

During the past 13 years, Jiangsu Xiuqiang Glasswork Co's highest Days Inventory was 73.27. The lowest was 36.51. And the median was 49.28.

SZSE:300160's Days Inventory is ranked better than
75.42% of 415 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 102.4 vs SZSE:300160: 63.93

Jiangsu Xiuqiang Glasswork Co's Days Inventory increased from Sep. 2023 (53.44) to Sep. 2024 (66.73). It might indicate that Jiangsu Xiuqiang Glasswork Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiangsu Xiuqiang Glasswork Co's Inventory Turnover for the three months ended in Sep. 2024 was 1.37.

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. Jiangsu Xiuqiang Glasswork Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.50.


Jiangsu Xiuqiang Glasswork Co Days Inventory Historical Data

The historical data trend for Jiangsu Xiuqiang Glasswork 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.

Jiangsu Xiuqiang Glasswork Co Days Inventory Chart

Jiangsu Xiuqiang Glasswork 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 48.69 54.92 65.84 73.27 68.67

Jiangsu Xiuqiang Glasswork 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 53.44 61.44 64.90 64.73 66.73

Competitive Comparison of Jiangsu Xiuqiang Glasswork Co's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Jiangsu Xiuqiang Glasswork 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.


Jiangsu Xiuqiang Glasswork Co's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Jiangsu Xiuqiang Glasswork Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jiangsu Xiuqiang Glasswork Co's Days Inventory falls into.



Jiangsu Xiuqiang Glasswork Co Days Inventory Calculation

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

Jiangsu Xiuqiang Glasswork 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
=( (185.068 + 190.357) / 2 ) / 997.699*365
=187.7125 / 997.699*365
=68.67

Jiangsu Xiuqiang Glasswork 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
=( (176.478 + 197.088) / 2 ) / 255.412*365 / 4
=186.783 / 255.412*365 / 4
=66.73

* 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.


Jiangsu Xiuqiang Glasswork Co  (SZSE:300160) 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.

Jiangsu Xiuqiang Glasswork 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.

Jiangsu Xiuqiang Glasswork 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.


Jiangsu Xiuqiang Glasswork Co Days Inventory Related Terms

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


Jiangsu Xiuqiang Glasswork Co Business Description

Traded in Other Exchanges
N/A
Address
No. 28 Jiangshan Avenue, Suyu District, Jiangsu Province, Suqian, CHN, 223801
Jiangsu Xiuqiang Glasswork Co Ltd produces and sells crystal color glass for home appliances, solar energy glass, TCO glass and Low-e glass.
Executives
Wang Bin Supervisors
Zhao Qing Zhong Executives
Zhang Bai Heng Independent director
Zhou Chong Ming Executives
Lu Xiu Qiang Directors, executives
Zhu Bin Supervisors
Lu Xiu Zhen Director

Jiangsu Xiuqiang Glasswork Co Headlines

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