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Crystal Clear Electronic Material Co (SZSE:300655) Days Inventory : 56.50 (As of Mar. 2024)


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What is Crystal Clear Electronic Material Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Crystal Clear Electronic Material Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥161 Mil. Crystal Clear Electronic Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥259 Mil. Hence, Crystal Clear Electronic Material Co's Days Inventory for the three months ended in Mar. 2024 was 56.50.

The historical rank and industry rank for Crystal Clear Electronic Material Co's Days Inventory or its related term are showing as below:

SZSE:300655' s Days Inventory Range Over the Past 10 Years
Min: 28.85   Med: 50.93   Max: 65.19
Current: 46.15

During the past 12 years, Crystal Clear Electronic Material Co's highest Days Inventory was 65.19. The lowest was 28.85. And the median was 50.93.

SZSE:300655's Days Inventory is ranked better than
79.76% of 1492 companies
in the Chemicals industry
Industry Median: 83.08 vs SZSE:300655: 46.15

Crystal Clear Electronic Material Co's Days Inventory increased from Mar. 2023 (41.27) to Mar. 2024 (56.50). It might indicate that Crystal Clear Electronic Material Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Crystal Clear Electronic Material Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.62.

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. Crystal Clear Electronic Material Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.49.


Crystal Clear Electronic Material Co Days Inventory Historical Data

The historical data trend for Crystal Clear Electronic Material 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.

Crystal Clear Electronic Material Co Days Inventory Chart

Crystal Clear Electronic Material 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 64.36 45.18 28.85 30.55 46.71

Crystal Clear Electronic Material Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 41.27 37.14 40.07 49.14 56.50

Competitive Comparison of Crystal Clear Electronic Material Co's Days Inventory

For the Specialty Chemicals subindustry, Crystal Clear Electronic Material 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.


Crystal Clear Electronic Material Co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Crystal Clear Electronic Material Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Crystal Clear Electronic Material Co's Days Inventory falls into.



Crystal Clear Electronic Material Co Days Inventory Calculation

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

Crystal Clear Electronic Material 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
=( (91.617 + 162.417) / 2 ) / 992.61*365
=127.017 / 992.61*365
=46.71

Crystal Clear Electronic Material Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (162.417 + 158.613) / 2 ) / 259.237*365 / 4
=160.515 / 259.237*365 / 4
=56.50

* 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.


Crystal Clear Electronic Material Co  (SZSE:300655) 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.

Crystal Clear Electronic Material Co's Inventory Turnover for the three months ended in Mar. 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.

Crystal Clear Electronic Material Co's Inventory to Revenue for the three months ended in Mar. 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.


Crystal Clear Electronic Material Co Days Inventory Related Terms

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


Crystal Clear Electronic Material Co (SZSE:300655) Business Description

Traded in Other Exchanges
N/A
Address
No.168, Shanfeng Road, Wuzhong Economic Development Zone, Suzhou, CHN, 215168
Suzhou Crystal Clear Chemical Co Ltd produces and sells ultra-purifying materials and other fine chemical products for the microelectronics industry. Its main products include ultra-clean high-purity reagents, photoresist materials, functional materials and lithium battery adhesives, among others. Its products are mainly used in the manufacturing of semiconductors, photovoltaic solar cells, light-emitting diodes (LEDs), and lithium batteries.

Crystal Clear Electronic Material Co (SZSE:300655) Headlines

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