Shandong Sito Bio-technology Co (SZSE:300583) Days Inventory : 438.69 (As of Sep. 2024)

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What is Shandong Sito Bio-technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shandong Sito Bio-technology Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥686 Mil. Shandong Sito Bio-technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥143 Mil. Hence, Shandong Sito Bio-technology Co's Days Inventory for the three months ended in Sep. 2024 was 438.69.

The historical rank and industry rank for Shandong Sito Bio-technology Co's Days Inventory or its related term are showing as below:

SZSE:300583' s Days Inventory Range Over the Past 10 Years
Min: 44.9 Med: 199.66 Max: 344.07
Current: 307.21

During the past 12 years, Shandong Sito Bio-technology Co's highest Days Inventory was 344.07. The lowest was 44.90. And the median was 199.66.

SZSE:300583's Days Inventory is ranked worse than
70.79% of 647 companies
in the Biotechnology industry
Industry Median: 178.82 vs SZSE:300583: 307.21

Shandong Sito Bio-technology Co's Days Inventory increased from Sep. 2023 (368.11) to Sep. 2024 (438.69). It might indicate that Shandong Sito Bio-technology Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shandong Sito Bio-technology Co's Inventory Turnover for the three months ended in Sep. 2024 was 0.21.

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. Shandong Sito Bio-technology Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 3.46.

Shandong Sito Bio-technology Co Days Inventory Historical Data

The historical data trend for Shandong Sito Bio-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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Shandong Sito Bio-technology Co Days Inventory Chart

Shandong Sito Bio-technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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344.07

286.14

207.16

200.10

244.29

Shandong Sito Bio-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															368.11	231.38	379.12	262.49	438.69

Competitive Comparison of Shandong Sito Bio-technology Co's Days Inventory

For the Biotechnology subindustry, Shandong Sito Bio-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.

Shandong Sito Bio-technology Co's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Shandong Sito Bio-technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shandong Sito Bio-technology Co's Days Inventory falls into.

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Shandong Sito Bio-technology Co Days Inventory Calculation

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

Shandong Sito Bio-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
=	( (608.262	+	722.624)	/	2 )	/	994.243	*	365
=	665.443					/	994.243	*	365
=	244.29

Shandong Sito Bio-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
=	( (682.75	+	690.194)	/	2 )	/	142.79	*	365 / 4
=	686.472					/	142.79	*	365 / 4
=	438.69

Shandong Sito Bio-technology Co (SZSE:300583) 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.

Shandong Sito Bio-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
	=	142.79	/	686.472
	=	0.21

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.

Shandong Sito Bio-technology Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	686.472	/	198.384
	=	3.46

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.

Shandong Sito Bio-technology Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Shandong Sito Bio-technology Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Shandong Sito Bio-technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Shandong Sito Bio-technology Co Ltd (SZSE:300583) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

South Section of East Outer Ring Road, Dingtao District, Shandong Province, Heze, CHN, 274100

Website

http://www.sitobiotech.com

Shandong Sito Bio-technology Co Ltd is a biotechnology company. It uses genetic engineering technology and microbial transformation technology to develop and produce steroid drug raw materials, specialty respiratory raw materials and finished preparations, and other drug intermediaries. The company operates in the following business segments; intermediates, high-end specialty respiratory APIs, and preparations. Its product offerings include androstenedione (AD), 9-hydroxy androstenedione (90H-AD), 17a-hydroxyprogesterone derivatives (A ring), and bi-decanoic acid (BA), and others. In addition, the company holds patents for various APIs and other intermediaries.

Executives

Mi Qi	Directors, executives
Wang Min	Director
Kong Qing Zhi	Executives
He Jian Yong	Directors, executives
Ceng Qing Li	Securities Affairs Representative

Shandong Sito Bio-technology Co Headlines

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