Tongxin International (Tongxin International) Days Inventory : 89.78 (As of Dec. 2010)

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What is Tongxin International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tongxin International's Average Total Inventories for the six months ended in Dec. 2010 was $24.55 Mil. Tongxin International's Cost of Goods Sold for the six months ended in Dec. 2010 was $99.82 Mil. Hence, Tongxin International's Days Inventory for the six months ended in Dec. 2010 was 44.89.

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

TXIC's Days Inventory is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 81.84
* Ranked among companies with meaningful Days Inventory only.

Tongxin International's Days Inventory increased from Dec. 2008 (71.78) to Dec. 2010 (89.78). It might indicate that Tongxin International's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tongxin International's Inventory Turnover for the six months ended in Dec. 2010 was 4.07.

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. Tongxin International's Inventory-to-Revenue for the six months ended in Dec. 2010 was 0.23.

Tongxin International Days Inventory Historical Data

The historical data trend for Tongxin International'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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Tongxin International Days Inventory Chart

Tongxin International Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec14

Days Inventory

Get a 7-Day Free Trial

58.83

71.78

70.59

89.78

179.84

Tongxin International Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec14
Days Inventory	Get a 7-Day Free Trial			58.83	71.78	70.59	89.78	179.84

Competitive Comparison of Tongxin International's Days Inventory

For the Auto Parts subindustry, Tongxin International'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.

Tongxin International's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tongxin International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tongxin International's Days Inventory falls into.

Tongxin International Days Inventory Calculation

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

Tongxin International's Days Inventory for the fiscal year that ended in Dec. 2010 is calculated as

	Days Inventory (A: Dec. 2010 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2009 )	+	Total Inventories (A: Dec. 2010 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2010 )	*	Days in Period
=	( (21.679	+	27.425)	/	2 )	/	99.821	*	365
=	24.552					/	99.821	*	365
=	89.78

Tongxin International's Days Inventory for the quarter that ended in Dec. 2010 is calculated as:

	Days Inventory (Q: Dec. 2010 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2009 )	+	Total Inventories (Q: Dec. 2010 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2010 )	*	Days in Period
=	( (21.679	+	27.425)	/	2 )	/	99.821	*	365 / 2
=	24.552					/	99.821	*	365 / 2
=	44.89

Tongxin International (OTCPK:TXIC) 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.

Tongxin International's Inventory Turnover for the six months ended in Dec. 2010 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	99.821	/	24.552
	=	4.07

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.

Tongxin International's Inventory to Revenue for the six months ended in Dec. 2010 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	24.552	/	106.461
	=	0.23

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.

Tongxin International Days Inventory Related Terms

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

Tongxin International (Tongxin International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tongxin International Ltd (OTCPK:TXIC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hunan Tongxin, Changsha, Hunan Province, Jiangbei, CHN, 410135

Website

http://www.txicint.com

Tongxin International Ltd is an independent supplier of EVBS in China, is capable of providing EVBS for both the commercial truck and light vehicle market segments. EVBS consists of exterior body panels including doors, floor pans, hoods, side panels and fenders. Further, the company also designs, fabricates and tests dies used in the vehicle body structure manufacturing process.

Tongxin International (Tongxin International) Headlines

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