TANAF (Tianan Technology Group) Days Inventory : 0.00 (As of Jun. 2024)

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What is Tianan Technology Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tianan Technology Group's Average Total Inventories for the six months ended in Jun. 2024 was $0.00 Mil. Tianan Technology Group's Cost of Goods Sold for the six months ended in Jun. 2024 was $0.08 Mil. Hence, Tianan Technology Group's Days Inventory for the six months ended in Jun. 2024 was 0.00.

The historical rank and industry rank for Tianan Technology Group's Days Inventory or its related term are showing as below:

During the past 3 years, Tianan Technology Group's highest Days Inventory was 467.20. The lowest was 81.68. And the median was 274.44.

TANAF's Days Inventory is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 185.27
* Ranked among companies with meaningful Days Inventory only.

Tianan Technology Group's Days Inventory stayed the same from Jun. 2023 (0.00) to Jun. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Tianan Technology Group's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.00.

Tianan Technology Group Days Inventory Historical Data

The historical data trend for Tianan Technology Group'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.

Tianan Technology Group Days Inventory Chart

Tianan Technology Group Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

467.20

81.68

Tianan Technology Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Tianan Technology Group's Days Inventory

For the Medical Devices subindustry, Tianan Technology Group'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.

Tianan Technology Group's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Tianan Technology Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tianan Technology Group's Days Inventory falls into.

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Tianan Technology Group Days Inventory Calculation

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

Tianan Technology Group'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
=	( (0	+	0)	/	1 )	/	0.18	*	365
=	0					/	0.18	*	365
=	0.00

Tianan Technology Group's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.077	*	365 / 2
=	0					/	0.077	*	365 / 2
=	0.00

Tianan Technology Group (OTCPK:TANAF) 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.

Tianan Technology Group's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.077	/	0
	=

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.

Tianan Technology Group's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.133
	=	0.00

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.

Tianan Technology Group Days Inventory Related Terms

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

Tianan Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tianan Technology Group Ltd (OTCPK:TANAF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Lane 743, Taopu Road, Room 501, Putuo District, Shanghai, CHN

Website

Tianan Technology Group Ltd is focused on graphene production enterprises and is engaged in the health therapy industry. It utilizes the far-infrared heat therapy characteristics of graphene, which is incorporated into its products. Its products include Graphene Far Infrared Energy Room, Pure Graphene Heating Music Blanket, Graphene Pillow, Pure Graphene Heating Knee Compartment, Pure Graphene Heating Knee Pads, Pure Graphene Eye Mask etc. The Company operates in two reportable business segments: Healthcare and Motor Controller.

Tianan Technology Group Headlines

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