Kingold Jewelry (Kingold Jewelry) Days Inventory : 65.90 (As of Sep. 2019)

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What is Kingold Jewelry Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kingold Jewelry's Average Total Inventories for the three months ended in Sep. 2019 was $265 Mil. Kingold Jewelry's Cost of Goods Sold for the three months ended in Sep. 2019 was $368 Mil. Hence, Kingold Jewelry's Days Inventory for the three months ended in Sep. 2019 was 65.90.

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

KGJI's Days Inventory is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 110.73
* Ranked among companies with meaningful Days Inventory only.

Kingold Jewelry's Days Inventory increased from Sep. 2018 (24.04) to Sep. 2019 (65.90). It might indicate that Kingold Jewelry's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kingold Jewelry's Inventory Turnover for the three months ended in Sep. 2019 was 1.38.

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. Kingold Jewelry's Inventory-to-Revenue for the three months ended in Sep. 2019 was 0.69.

Kingold Jewelry Days Inventory Historical Data

The historical data trend for Kingold Jewelry'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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Kingold Jewelry Days Inventory Chart

Kingold Jewelry Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Inventory

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68.45

96.90

59.83

25.66

21.63

Kingold Jewelry Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Days Inventory	Get a 7-Day Free Trial															24.04	22.50	33.33	36.83	65.90

Competitive Comparison of Kingold Jewelry's Days Inventory

For the Luxury Goods subindustry, Kingold Jewelry'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.

Kingold Jewelry's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Kingold Jewelry's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kingold Jewelry's Days Inventory falls into.

Kingold Jewelry Days Inventory Calculation

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

Kingold Jewelry's Days Inventory for the fiscal year that ended in Dec. 2018 is calculated as

	Days Inventory (A: Dec. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (135.043	+	127.035)	/	2 )	/	2211.343	*	365
=	131.039					/	2211.343	*	365
=	21.63

Kingold Jewelry's Days Inventory for the quarter that ended in Sep. 2019 is calculated as:

	Days Inventory (Q: Sep. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2019 )	+	Total Inventories (Q: Sep. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
=	( (262.764	+	268.214)	/	2 )	/	367.618	*	365 / 4
=	265.489					/	367.618	*	365 / 4
=	65.90

Kingold Jewelry (GREY:KGJI) 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.

Kingold Jewelry's Inventory Turnover for the three months ended in Sep. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	367.618	/	265.489
	=	1.38

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.

Kingold Jewelry's Inventory to Revenue for the three months ended in Sep. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	265.489	/	382.79
	=	0.69

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.

Kingold Jewelry Days Inventory Related Terms

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

Kingold Jewelry (Kingold Jewelry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kingold Jewelry Inc (GREY:KGJI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Han Huang Road, Jiang'an District, Hubei Province, 15 Huangpu Science & Technology Park, Wuhan, CHN, 430023

Website

http://www.kingoldjewelry.com

Kingold Jewelry Inc designs and manufactures 24-karat gold jewelry and Chinese ornaments. The company along with its subsidiaries develops markets and sells products including gold necklaces, rings, earrings, bracelets, and pendants to the jewelry market in China. The company also sells gold bars and coins and other products through various banks in China. It derives most of its revenues from the sales of 24-karat jewelry and Chinese ornaments and from design and processing fees.

Executives