TRSG (Tungray Technologies) Days Inventory : 116.75 (As of Jun. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Tungray Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tungray Technologies's Average Total Inventories for the six months ended in Jun. 2024 was $1.85 Mil. Tungray Technologies's Cost of Goods Sold for the six months ended in Jun. 2024 was $2.90 Mil. Hence, Tungray Technologies's Days Inventory for the six months ended in Jun. 2024 was 116.75.

The historical rank and industry rank for Tungray Technologies's Days Inventory or its related term are showing as below:

TRSG' s Days Inventory Range Over the Past 10 Years
Min: 72.12 Med: 85.96 Max: 103.83
Current: 88.94

During the past 4 years, Tungray Technologies's highest Days Inventory was 103.83. The lowest was 72.12. And the median was 85.96.

TRSG's Days Inventory is ranked better than
67.56% of 2922 companies
in the Industrial Products industry
Industry Median: 121.525 vs TRSG: 88.94

Tungray Technologies's Days Inventory declined from Jun. 2023 (131.26) to Jun. 2024 (116.75).

Inventory Turnover measures how fast the company turns over its inventory within a year. Tungray Technologies's Inventory Turnover for the six months ended in Jun. 2024 was 1.56.

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. Tungray Technologies's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.34.

Tungray Technologies Days Inventory Historical Data

The historical data trend for Tungray Technologies'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.

Tungray Technologies Days Inventory Chart

Tungray Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

103.83

72.12

83.93

87.98

Tungray Technologies Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial			86.30	75.19	131.26	78.99	116.75

Competitive Comparison of Tungray Technologies's Days Inventory

For the Metal Fabrication subindustry, Tungray Technologies'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.

Tungray Technologies's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tungray Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tungray Technologies's Days Inventory falls into.

Save Embed

;

Save Embed

;

Tungray Technologies Days Inventory Calculation

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

Tungray Technologies'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
=	( (1.405	+	2.284)	/	2 )	/	7.652	*	365
=	1.8445					/	7.652	*	365
=	87.98

Tungray Technologies'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
=	( (2.284	+	1.424)	/	2 )	/	2.898	*	365 / 2
=	1.854					/	2.898	*	365 / 2
=	116.75

Tungray Technologies (NAS:TRSG) 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.

Tungray Technologies's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.898	/	1.854
	=	1.56

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.

Tungray Technologies's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.854	/	5.436
	=	0.34

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.

Tungray Technologies Days Inventory Related Terms

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

Tungray Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tungray Technologies Inc (NAS:TRSG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Innovation Place Tower 4, No. 02-01, 31 Mandai Estate, Singapore, SGP, 729933

Website

https://www.tungray.tech

Tungray Technologies Inc is an engineer-to-order company that provides custom industrial manufacturing solutions to original equipment manufacturers in the semiconductor, printer, electronics, and home appliance industries. It predominantly generates revenue through the manufacture of custom industrial manufacturing solutions, direct drive and linear DC motors, and induction welding equipment. Geographically, the company generates a majority of its revenue from Singapore and the rest from China.