The historical rank and industry rank for Zotye Automobile Co's Days Inventory or its related term are showing as below:
SZSE:000980'
s Days Inventory Range Over the Past 10 Years
Min: 43.79 Med: 162.35 Max: 232.36
Current: 163.79
During the past 13 years, Zotye Automobile Co's highest Days Inventory was 232.36. The lowest was 43.79. And the median was 162.35.
SZSE:000980's Days Inventory is ranked worse than 86.24% of 1257
companies
in the Vehicles & Parts industry
Industry Median: 81.74
vs SZSE:000980: 163.79
Zotye Automobile Co's Days Inventory
increased
from Mar. 2023 (118.58) to Mar. 2024 (262.32).
It might indicate that Zotye Automobile Co's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Zotye Automobile Co's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.35.
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.
Zotye Automobile Co's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 2.57.
Zotye Automobile Co Days Inventory Historical Data
The historical data trend for Zotye Automobile 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.
Competitive Comparison of Zotye Automobile Co's Days Inventory
For the Auto Manufacturers subindustry, Zotye Automobile 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.
Zotye Automobile Co's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Zotye Automobile Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Zotye Automobile Co's Days Inventory falls into.
Zotye Automobile Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Zotye Automobile Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Zotye Automobile Co (SZSE:000980) 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.
Zotye Automobile Co's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
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.
Zotye Automobile Co's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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.
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.
Zotye Automobile Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Zotye Automobile Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Zotye Automobile Co (SZSE:000980) Business Description
Zotye Automobile Co Ltd is a China-based auto vehicle manufacturing company. The company is engaged in the business of research and development, manufacturing and sales of complete vehicles as the core business. The company owns automotive brands such as Zotye, Jiangnan, and Junma. The products of the company cover market segments such as cars, SUVs, MPVs, and new energy vehicles. It manufactures and distributes automobile instruments, security doors, and other automobile parts. The organization sells its vehicles in China and also exports it to other international countries.
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