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Top Resource Energy Co (SZSE:300332) Days Inventory : 18.89 (As of Sep. 2024)


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What is Top Resource Energy Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Top Resource Energy Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥191 Mil. Top Resource Energy Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥922 Mil. Hence, Top Resource Energy Co's Days Inventory for the three months ended in Sep. 2024 was 18.89.

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

SZSE:300332' s Days Inventory Range Over the Past 10 Years
Min: 13.21   Med: 50.31   Max: 157.7
Current: 17.87

During the past 13 years, Top Resource Energy Co's highest Days Inventory was 157.70. The lowest was 13.21. And the median was 50.31.

SZSE:300332's Days Inventory is ranked better than
62.19% of 447 companies
in the Utilities - Regulated industry
Industry Median: 24.14 vs SZSE:300332: 17.87

Top Resource Energy Co's Days Inventory increased from Sep. 2023 (17.85) to Sep. 2024 (18.89). It might indicate that Top Resource Energy Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Top Resource Energy Co's Inventory Turnover for the three months ended in Sep. 2024 was 4.83.

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. Top Resource Energy Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.19.


Top Resource Energy Co Days Inventory Historical Data

The historical data trend for Top Resource Energy 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.

Top Resource Energy Co Days Inventory Chart

Top Resource Energy 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 102.94 25.91 23.54 14.40 13.21

Top Resource Energy 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 17.85 13.80 16.63 26.31 18.89

Competitive Comparison of Top Resource Energy Co's Days Inventory

For the Utilities - Regulated Gas subindustry, Top Resource Energy 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.


Top Resource Energy Co's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Top Resource Energy Co's Days Inventory distribution charts can be found below:

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


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Top Resource Energy Co Days Inventory Calculation

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

Top Resource Energy 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
=( (115.002 + 153.58) / 2 ) / 3710.275*365
=134.291 / 3710.275*365
=13.21

Top Resource Energy 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
=( (241.32 + 140.436) / 2 ) / 922.202*365 / 4
=190.878 / 922.202*365 / 4
=18.89

* 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.


Top Resource Energy Co  (SZSE:300332) 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.

Top Resource Energy 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.

Top Resource Energy 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.


Top Resource Energy Co Days Inventory Related Terms

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


Top Resource Energy Co Business Description

Traded in Other Exchanges
N/A
Address
No. 6, Chaoyangmenwai Street, Room 2201, Building 2, Floor 22, Chaoyang, Beijing, CHN, 100020
Top Resource Energy Co Ltd is engaged in Natural gas supply and pipeline operation, water treatment engineering services, research and development, production and sales of membrane products, waste heat power generation and energy saving, flue gas treatment investment and engineering technical services.
Executives
Chen Zuo Tao Directors, executives
Wen Lei Yun Executives
Wu Hong Mei Director
Li Xue Jun Executives
Li Yu Long Executives
Wang Zu Feng Executives
Zhang Hong Tao Directors, Directors, and Executives
Hu Fan Executives
Yan Bing Executives
Wang Jian Jun Directors, executives
Zheng Chun Lei Executives
Cheng Yan Securities Affairs Representative
Li Jiang Bing Executives
Shi Qing Xi Executives
Chen Lei Executives

Top Resource Energy Co Headlines

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