Qudian (Qudian) Days Inventory : 12.09 (As of Dec. 2023)

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What is Qudian Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Qudian's Average Total Inventories for the three months ended in Dec. 2023 was $1.45 Mil. Qudian's Cost of Goods Sold for the three months ended in Dec. 2023 was $10.97 Mil. Hence, Qudian's Days Inventory for the three months ended in Dec. 2023 was 12.09.

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

QD' s Days Inventory Range Over the Past 10 Years
Min: 17.08 Med: 45.87 Max: 148.29
Current: 148.29

During the past 9 years, Qudian's highest Days Inventory was 148.29. The lowest was 17.08. And the median was 45.87.

QD's Days Inventory is ranked worse than
76% of 100 companies
in the Credit Services industry
Industry Median: 41.15 vs QD: 148.29

Qudian's Days Inventory declined from Dec. 2022 (144.61) to Dec. 2023 (12.09).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Qudian's Inventory Turnover for the three months ended in Dec. 2023 was 7.55.

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. Qudian's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.16.

Qudian Days Inventory Historical Data

The historical data trend for Qudian'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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Qudian Days Inventory Chart

Qudian Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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28.20

21.21

63.97

63.53

148.08

Qudian Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															144.61	461.65	-	-	12.09

Competitive Comparison of Qudian's Days Inventory

For the Credit Services subindustry, Qudian'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.

Qudian's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Qudian's Days Inventory distribution charts can be found below:

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

Qudian Days Inventory Calculation

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

Qudian'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
=	( (16.741	+	1.454)	/	2 )	/	22.424	*	365
=	9.0975					/	22.424	*	365
=	148.08

Qudian's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	1.454)	/	1 )	/	10.974	*	365 / 4
=	1.454					/	10.974	*	365 / 4
=	12.09

Qudian (NYSE:QD) 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.

Qudian's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10.974	/	1.454
	=	7.55

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.

Qudian's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.454	/	8.934
	=	0.16

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.

Qudian Days Inventory Related Terms

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

Qudian (Qudian) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Qudian Inc (NYSE:QD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

0A2T:UK 1QU:Germany

Address

Tower A, AVIC Zijin Plaza, Siming District, Fujian Province, Xiamen, CHN, 361000

Website

https://www.qudian.com

Qudian Inc is a consumer-oriented technology company engaged in the operation of online platforms to provide small consumer credit products in the People's Republic of China. The Group's cash credit products comprised short-term, unsecured lines of credit that could be drawn down at any time, subject to the Group's approval at the time of each drawdown request. Borrowers were typically charged financing service fees for cash credit drawdowns. It derives a majority of its revenue from the People's Republic of China.