Wuxi JinYang New Materials Co (SZSE:301210) Days Inventory : 90.23 (As of Sep. 2024)

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What is Wuxi JinYang New Materials Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wuxi JinYang New Materials Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥313 Mil. Wuxi JinYang New Materials Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥316 Mil. Hence, Wuxi JinYang New Materials Co's Days Inventory for the three months ended in Sep. 2024 was 90.23.

The historical rank and industry rank for Wuxi JinYang New Materials Co's Days Inventory or its related term are showing as below:

SZSE:301210' s Days Inventory Range Over the Past 10 Years
Min: 71.86 Med: 107.95 Max: 126.12
Current: 113.04

During the past 6 years, Wuxi JinYang New Materials Co's highest Days Inventory was 126.12. The lowest was 71.86. And the median was 107.95.

SZSE:301210's Days Inventory is ranked better than
54.13% of 2921 companies
in the Industrial Products industry
Industry Median: 122.26 vs SZSE:301210: 113.04

Wuxi JinYang New Materials Co's Days Inventory declined from Sep. 2023 (128.62) to Sep. 2024 (90.23).

Inventory Turnover measures how fast the company turns over its inventory within a year. Wuxi JinYang New Materials Co's Inventory Turnover for the three months ended in Sep. 2024 was 1.01.

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. Wuxi JinYang New Materials Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.88.

Wuxi JinYang New Materials Co Days Inventory Historical Data

The historical data trend for Wuxi JinYang New Materials 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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Wuxi JinYang New Materials Co Days Inventory Chart

Wuxi JinYang New Materials Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

123.66

87.84

71.86

92.24

125.82

Wuxi JinYang New Materials Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial												128.62	134.21	144.44	93.18	90.23

Competitive Comparison of Wuxi JinYang New Materials Co's Days Inventory

For the Electrical Equipment & Parts subindustry, Wuxi JinYang New Materials 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.

Wuxi JinYang New Materials Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuxi JinYang New Materials Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Wuxi JinYang New Materials Co's Days Inventory falls into.

Wuxi JinYang New Materials Co Days Inventory Calculation

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

Wuxi JinYang New Materials 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
=	( (295.642	+	359.433)	/	2 )	/	950.166	*	365
=	327.5375					/	950.166	*	365
=	125.82

Wuxi JinYang New Materials 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
=	( (313.378	+	312.44)	/	2 )	/	316.429	*	365 / 4
=	312.909					/	316.429	*	365 / 4
=	90.23

Wuxi JinYang New Materials Co (SZSE:301210) 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.

Wuxi JinYang New Materials Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	316.429	/	312.909
	=	1.01

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.

Wuxi JinYang New Materials Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	312.909	/	355.233
	=	0.88

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.

Wuxi JinYang New Materials Co Days Inventory Related Terms

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

Wuxi JinYang New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi JinYang New Materials Co Ltd (SZSE:301210) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 1 Ganlu Xigan Road, Ehu Town, Xishan, Jiangsu, Wuxi, CHN, 214117

Website

http://www.wx-jy.com

Wuxi JinYang New Materials Co Ltd is engaged in research & development, production and sales of battery precision structural parts and materials. Its main products are battery packaging shells, safety valves, and nickel-based conductor materials. The company is one of the leading manufacturers of battery precision structural parts and materials in China. Its products are Steel cases for cylindrical batteries, Cylindrical lithium caps, Aluminum shells for square power lithium batteries, Square lithium battery covers, and Ultra-precision cold rolled nickel strips and foil.

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