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Pourin Special Welding Technology Co (SZSE:301468) Days Inventory : 291.02 (As of Sep. 2024)


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What is Pourin Special Welding Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pourin Special Welding Technology Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥257.3 Mil. Pourin Special Welding Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥80.7 Mil. Hence, Pourin Special Welding Technology Co's Days Inventory for the three months ended in Sep. 2024 was 291.02.

The historical rank and industry rank for Pourin Special Welding Technology Co's Days Inventory or its related term are showing as below:

SZSE:301468' s Days Inventory Range Over the Past 10 Years
Min: 279.66   Med: 335.31   Max: 603.16
Current: 285.5

During the past 6 years, Pourin Special Welding Technology Co's highest Days Inventory was 603.16. The lowest was 279.66. And the median was 335.31.

SZSE:301468's Days Inventory is ranked worse than
88.27% of 2924 companies
in the Industrial Products industry
Industry Median: 121.515 vs SZSE:301468: 285.50

Pourin Special Welding Technology Co's Days Inventory declined from Sep. 2023 (457.46) to Sep. 2024 (291.02).

Inventory Turnover measures how fast the company turns over its inventory within a year. Pourin Special Welding Technology Co's Inventory Turnover for the three months ended in Sep. 2024 was 0.31.

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. Pourin Special Welding Technology Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 2.57.


Pourin Special Welding Technology Co Days Inventory Historical Data

The historical data trend for Pourin Special Welding 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.

* Premium members only.

Pourin Special Welding Technology Co Days Inventory Chart

Pourin Special Welding Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 324.95 - 405.70 335.31 279.66

Pourin Special Welding Technology Co Quarterly Data
Dec18 Dec19 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 457.46 303.61 303.14 249.36 291.02

Competitive Comparison of Pourin Special Welding Technology Co's Days Inventory

For the Specialty Industrial Machinery subindustry, Pourin Special Welding 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.


Pourin Special Welding Technology Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pourin Special Welding Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Pourin Special Welding Technology Co's Days Inventory falls into.


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Pourin Special Welding Technology Co Days Inventory Calculation

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

Pourin Special Welding 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
=( (312.233 + 283.499) / 2 ) / 388.756*365
=297.866 / 388.756*365
=279.66

Pourin Special Welding 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
=( (253.149 + 261.395) / 2 ) / 80.668*365 / 4
=257.272 / 80.668*365 / 4
=291.02

* 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.


Pourin Special Welding Technology Co  (SZSE:301468) 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.

Pourin Special Welding Technology 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.

Pourin Special Welding Technology 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.


Pourin Special Welding Technology Co Days Inventory Related Terms

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


Pourin Special Welding Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Gongying Road, Gonghe Town, Heshan, Guangdong, Jiangmen, CHN, 529700
Pourin Special Welding Technology Co Ltd is engaged in research & development, production and sales of anti-corrosion and anti-wear surfacing equipment, non-surfacing boiler components, pressure vessels and high-end steel structural parts.

Pourin Special Welding Technology Co Headlines

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