Guangdong Dowstone Technology co (SZSE:300409) Days Inventory : 107.40 (As of Jun. 2024)

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What is Guangdong Dowstone Technology co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Guangdong Dowstone Technology co's Average Total Inventories for the three months ended in Jun. 2024 was ¥2,016 Mil. Guangdong Dowstone Technology co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥1,713 Mil. Hence, Guangdong Dowstone Technology co's Days Inventory for the three months ended in Jun. 2024 was 107.40.

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

SZSE:300409' s Days Inventory Range Over the Past 10 Years
Min: 96.59 Med: 165.59 Max: 191.5
Current: 112.93

During the past 13 years, Guangdong Dowstone Technology co's highest Days Inventory was 191.50. The lowest was 96.59. And the median was 165.59.

SZSE:300409's Days Inventory is ranked worse than
69.34% of 1494 companies
in the Chemicals industry
Industry Median: 79.82 vs SZSE:300409: 112.93

Guangdong Dowstone Technology co's Days Inventory declined from Jun. 2023 (140.86) to Jun. 2024 (107.40).

Inventory Turnover measures how fast the company turns over its inventory within a year. Guangdong Dowstone Technology co's Inventory Turnover for the three months ended in Jun. 2024 was 0.85.

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. Guangdong Dowstone Technology co's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.94.

Guangdong Dowstone Technology co Days Inventory Historical Data

The historical data trend for Guangdong Dowstone 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.

Guangdong Dowstone Technology co Days Inventory Chart

Guangdong Dowstone Technology co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

191.50

132.72

96.59

123.54

118.52

Guangdong Dowstone Technology 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															140.86	121.39	114.30	101.25	107.40

Competitive Comparison of Guangdong Dowstone Technology co's Days Inventory

For the Specialty Chemicals subindustry, Guangdong Dowstone 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.

Guangdong Dowstone Technology co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Dowstone Technology co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Guangdong Dowstone Technology co's Days Inventory falls into.

Guangdong Dowstone Technology co Days Inventory Calculation

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

Guangdong Dowstone 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
=	( (2145.665	+	1835.409)	/	2 )	/	6130.311	*	365
=	1990.537					/	6130.311	*	365
=	118.52

Guangdong Dowstone Technology 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
=	( (1954.018	+	2077.481)	/	2 )	/	1712.579	*	365 / 4
=	2015.7495					/	1712.579	*	365 / 4
=	107.40

Guangdong Dowstone Technology co (SZSE:300409) 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.

Guangdong Dowstone Technology co's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1712.579	/	2015.7495
	=	0.85

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.

Guangdong Dowstone Technology co's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2015.7495	/	2133.628
	=	0.94

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.

Guangdong Dowstone Technology co Days Inventory Related Terms

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

Guangdong Dowstone Technology co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Dowstone Technology co Ltd (SZSE:300409) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, 30 world Jihua, Four Italian American Ceramic Sanitary Ware, Foshan, Guangdong, CHN

Website

http://www.dowstone.com.cn

Guangdong Dowstone Technology co Ltd is a domestic ceramic product full-service chain product and service provider. The company also provides package product solutions and raw material procurement management services for high-end ceramics manufacturers at home and abroad. Its product offerings include Ceramic ink, Enamel glaze, One-time burning, Full caste Glaze, and others. The company's solutions consist of Digital overall solution, Finished glaze overall solution, Dry powder dry granule overall solution, Total solution service process, and other solutions.

Executives

Zhang Yi	Directors, executives
Rong Ji Hua	Director
Wang Hai Qing	Director
Liang Hai Yan	Director
He Xiang Yong	Executives

Guangdong Dowstone Technology co Headlines

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