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Chyang Sheng Texing Co (TPE:1463) Days Inventory : 759.26 (As of Jun. 2024)


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What is Chyang Sheng Texing Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chyang Sheng Texing Co's Average Total Inventories for the three months ended in Jun. 2024 was NT$603.3 Mil. Chyang Sheng Texing Co's Cost of Goods Sold for the three months ended in Jun. 2024 was NT$72.5 Mil. Hence, Chyang Sheng Texing Co's Days Inventory for the three months ended in Jun. 2024 was 759.26.

The historical rank and industry rank for Chyang Sheng Texing Co's Days Inventory or its related term are showing as below:

TPE:1463' s Days Inventory Range Over the Past 10 Years
Min: 138.74   Med: 263.45   Max: 876.15
Current: 634.02

During the past 13 years, Chyang Sheng Texing Co's highest Days Inventory was 876.15. The lowest was 138.74. And the median was 263.45.

TPE:1463's Days Inventory is ranked worse than
97.01% of 1005 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 127.19 vs TPE:1463: 634.02

Chyang Sheng Texing Co's Days Inventory increased from Jun. 2023 (593.99) to Jun. 2024 (759.26). It might indicate that Chyang Sheng Texing Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chyang Sheng Texing Co's Inventory Turnover for the three months ended in Jun. 2024 was 0.12.

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. Chyang Sheng Texing Co's Inventory-to-Revenue for the three months ended in Jun. 2024 was 9.07.


Chyang Sheng Texing Co Days Inventory Historical Data

The historical data trend for Chyang Sheng Texing 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.

Chyang Sheng Texing Co Days Inventory Chart

Chyang Sheng Texing 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 138.74 194.21 238.16 318.84 551.51

Chyang Sheng Texing Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 593.99 542.52 597.44 660.99 759.26

Competitive Comparison of Chyang Sheng Texing Co's Days Inventory

For the Textile Manufacturing subindustry, Chyang Sheng Texing 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.


Chyang Sheng Texing Co's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Chyang Sheng Texing Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chyang Sheng Texing Co's Days Inventory falls into.



Chyang Sheng Texing Co Days Inventory Calculation

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

Chyang Sheng Texing 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
=( (431.047 + 571.496) / 2 ) / 331.75*365
=501.2715 / 331.75*365
=551.51

Chyang Sheng Texing Co'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: Mar. 2024 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (585.387 + 621.179) / 2 ) / 72.504*365 / 4
=603.283 / 72.504*365 / 4
=759.26

* 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.


Chyang Sheng Texing Co  (TPE:1463) 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.

Chyang Sheng Texing Co's Inventory Turnover for the three months ended in Jun. 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.

Chyang Sheng Texing Co's Inventory to Revenue for the three months ended in Jun. 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.


Chyang Sheng Texing Co Days Inventory Related Terms

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


Chyang Sheng Texing Co Business Description

Traded in Other Exchanges
N/A
Address
No 126, Dagong Road, Dayuan, Taoyuan, TWN
Chyang Sheng Dyeing & Finishing Co Ltd operates in textile manufacturing. The major business activities of the group are processing, printing, bleaching, dyeing, and finishing and trading of various fiber products.

Chyang Sheng Texing Co Headlines

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