Haibo Heavy Engineering Science and Technology Co (SZSE:300517) Days Inventory : 158.01 (As of Sep. 2024)

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What is Haibo Heavy Engineering Science and Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Haibo Heavy Engineering Science and Technology Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥90.1 Mil. Haibo Heavy Engineering Science and Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥52.0 Mil. Hence, Haibo Heavy Engineering Science and Technology Co's Days Inventory for the three months ended in Sep. 2024 was 158.01.

The historical rank and industry rank for Haibo Heavy Engineering Science and Technology Co's Days Inventory or its related term are showing as below:

SZSE:300517' s Days Inventory Range Over the Past 10 Years
Min: 98.59 Med: 136.27 Max: 283.09
Current: 107.61

During the past 13 years, Haibo Heavy Engineering Science and Technology Co's highest Days Inventory was 283.09. The lowest was 98.59. And the median was 136.27.

SZSE:300517's Days Inventory is ranked worse than
72.23% of 1444 companies
in the Construction industry
Industry Median: 48.145 vs SZSE:300517: 107.61

Haibo Heavy Engineering Science and Technology Co's Days Inventory increased from Sep. 2023 (75.12) to Sep. 2024 (158.01). It might indicate that Haibo Heavy Engineering Science and Technology Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Haibo Heavy Engineering Science and Technology Co's Inventory Turnover for the three months ended in Sep. 2024 was 0.58.

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. Haibo Heavy Engineering Science and Technology Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.20.

Haibo Heavy Engineering Science and Technology Co Days Inventory Historical Data

The historical data trend for Haibo Heavy Engineering Science and Technology 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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Haibo Heavy Engineering Science and Technology Co Days Inventory Chart

Haibo Heavy Engineering Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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227.28

200.96

123.16

98.59

120.39

Haibo Heavy Engineering Science and Technology 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															75.12	109.67	120.87	85.57	158.01

Competitive Comparison of Haibo Heavy Engineering Science and Technology Co's Days Inventory

For the Engineering & Construction subindustry, Haibo Heavy Engineering Science and Technology 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.

Haibo Heavy Engineering Science and Technology Co's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Haibo Heavy Engineering Science and Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Haibo Heavy Engineering Science and Technology Co's Days Inventory falls into.

Haibo Heavy Engineering Science and Technology Co Days Inventory Calculation

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

Haibo Heavy Engineering Science and Technology 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
=	( (113.621	+	101.464)	/	2 )	/	326.05	*	365
=	107.5425					/	326.05	*	365
=	120.39

Haibo Heavy Engineering Science and Technology 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
=	( (93.959	+	86.279)	/	2 )	/	52.042	*	365 / 4
=	90.119					/	52.042	*	365 / 4
=	158.01

Haibo Heavy Engineering Science and Technology Co (SZSE:300517) 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.

Haibo Heavy Engineering Science and Technology Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	52.042	/	90.119
	=	0.58

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.

Haibo Heavy Engineering Science and Technology Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	90.119	/	75.374
	=	1.20

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.

Haibo Heavy Engineering Science and Technology Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Haibo Heavy Engineering Science and Technology Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Haibo Heavy Engineering Science and Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Haibo Heavy Engineering Science and Technology Co Ltd (SZSE:300517) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 6 Jinqiao Industrial Park, Zhengdian Street, Jiangxia District, Hubei Province, Wuhan, CHN, 430207

Website

http://www.haiod.com

Haibo Heavy Engineering Science and Technology Co Ltd is a China-based firm. It manufactures and installs steel bridges. It is engaged in the steel engineering business. Its also involved in the installation of steel bridge and the welding of the bridge.

Executives

Xu Wei Min	Executives
Liu Qian Jun	Directors, executives
Song Xiong Wen	Directors, executives
Zhang Hai Bo	Director
Le Rong Jun	Supervisors

Haibo Heavy Engineering Science and Technology Co Headlines

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