Global-Tech Advanced Innovations (Global-Tech Advanced Innovations) Days Inventory : 35.56 (As of Sep. 2015)

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What is Global-Tech Advanced Innovations Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Global-Tech Advanced Innovations's Average Total Inventories for the six months ended in Sep. 2015 was $6.56 Mil. Global-Tech Advanced Innovations's Cost of Goods Sold for the six months ended in Sep. 2015 was $33.65 Mil. Hence, Global-Tech Advanced Innovations's Days Inventory for the six months ended in Sep. 2015 was 35.56.

The historical rank and industry rank for Global-Tech Advanced Innovations's Days Inventory or its related term are showing as below:

GAI's Days Inventory is not ranked ^*
in the Semiconductors industry.
Industry Median: 130.44
* Ranked among companies with meaningful Days Inventory only.

Global-Tech Advanced Innovations's Days Inventory declined from Sep. 2014 (37.23) to Sep. 2015 (35.56).

Inventory Turnover measures how fast the company turns over its inventory within a year. Global-Tech Advanced Innovations's Inventory Turnover for the six months ended in Sep. 2015 was 5.13.

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. Global-Tech Advanced Innovations's Inventory-to-Revenue for the six months ended in Sep. 2015 was 0.19.

Global-Tech Advanced Innovations Days Inventory Historical Data

The historical data trend for Global-Tech Advanced Innovations'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.

Global-Tech Advanced Innovations Days Inventory Chart

Global-Tech Advanced Innovations Annual Data

Trend

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Days Inventory

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73.35

50.17

34.56

39.51

33.11

Global-Tech Advanced Innovations Semi-Annual Data
	Mar05	Sep05	Mar06	Sep06	Mar07	Sep07	Mar08	Mar09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15
Days Inventory	Get a 7-Day Free Trial															58.54	41.97	37.23	48.66	35.56

Competitive Comparison of Global-Tech Advanced Innovations's Days Inventory

For the Semiconductor Equipment & Materials subindustry, Global-Tech Advanced Innovations'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.

Global-Tech Advanced Innovations's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Global-Tech Advanced Innovations's Days Inventory distribution charts can be found below:

* The bar in red indicates where Global-Tech Advanced Innovations's Days Inventory falls into.

Global-Tech Advanced Innovations Days Inventory Calculation

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

Global-Tech Advanced Innovations's Days Inventory for the fiscal year that ended in Mar. 2015 is calculated as

	Days Inventory (A: Mar. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2014 )	+	Total Inventories (A: Mar. 2015 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2015 )	*	Days in Period
=	( (7.163	+	6.419)	/	2 )	/	74.867	*	365
=	6.791					/	74.867	*	365
=	33.11

Global-Tech Advanced Innovations's Days Inventory for the quarter that ended in Sep. 2015 is calculated as:

	Days Inventory (Q: Sep. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2015 )	+	Total Inventories (Q: Sep. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2015 )	*	Days in Period
=	( (6.419	+	6.697)	/	2 )	/	33.654	*	365 / 2
=	6.558					/	33.654	*	365 / 2
=	35.56

Global-Tech Advanced Innovations (NAS:GAI) 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.

Global-Tech Advanced Innovations's Inventory Turnover for the six months ended in Sep. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	33.654	/	6.558
	=	5.13

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.

Global-Tech Advanced Innovations's Inventory to Revenue for the six months ended in Sep. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.558	/	35.43
	=	0.19

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.

Global-Tech Advanced Innovations Days Inventory Related Terms

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Global-Tech Advanced Innovations (Global-Tech Advanced Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Global-Tech Advanced Innovations Inc (NAS:GAI) » Definitions » Days Inventory

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Address

Website

http://www.global-webpage.com

Global-Tech Advanced Innovations Inc was organized as an international business company under the laws of the British Virgin Islands on May 2, 1991 and became a publicly traded entity on April 7, 1998. The Company was an exporter of small electrical appliances to North American and European markets. The Company produces complementary metal oxide semiconductor camera modules for sale to cellular phone manufacturers. The Company also comprises immaterial product lines and development programs. It continues to acquire new technologies in an effort to expand its capabilities in manufacturing finished products and components. Its patents are registered in various jurisdictions, including the United States, the United Kingdom, China and France. It competes with established companies in Hong Kong and China, a number of which have substantially greater technical, financial and marketing resources. Competition for contract manufacturing products is based on unit price, product quality and availability and service. Its operations and assets in China are subject to significant political, economic, legal and other uncertainties.

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