New Sea Union Technology Group Co (SZSE:002089) Days Inventory : 63.98 (As of Sep. 2023)

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What is New Sea Union Technology Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). New Sea Union Technology Group Co's Average Total Inventories for the three months ended in Sep. 2023 was ¥7.7 Mil. New Sea Union Technology Group Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥10.9 Mil. Hence, New Sea Union Technology Group Co's Days Inventory for the three months ended in Sep. 2023 was 63.98.

The historical rank and industry rank for New Sea Union Technology Group Co's Days Inventory or its related term are showing as below:

SZSE:002089' s Days Inventory Range Over the Past 10 Years
Min: 32.92 Med: 63.59 Max: 144.93
Current: 51.6

During the past 13 years, New Sea Union Technology Group Co's highest Days Inventory was 144.93. The lowest was 32.92. And the median was 63.59.

SZSE:002089's Days Inventory is ranked better than
80.9% of 2409 companies
in the Hardware industry
Industry Median: 102.28 vs SZSE:002089: 51.60

New Sea Union Technology Group Co's Days Inventory increased from Sep. 2022 (38.39) to Sep. 2023 (63.98). It might indicate that New Sea Union Technology Group Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. New Sea Union Technology Group Co's Inventory Turnover for the three months ended in Sep. 2023 was 1.43.

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. New Sea Union Technology Group Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.61.

New Sea Union Technology Group Co Days Inventory Historical Data

The historical data trend for New Sea Union Technology Group 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.

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New Sea Union Technology Group Co Days Inventory Chart

New Sea Union Technology Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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67.07

85.31

51.15

32.92

34.14

New Sea Union Technology Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															38.39	42.27	41.81	61.21	63.98

Competitive Comparison of New Sea Union Technology Group Co's Days Inventory

For the Communication Equipment subindustry, New Sea Union Technology Group 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.

New Sea Union Technology Group Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, New Sea Union Technology Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where New Sea Union Technology Group Co's Days Inventory falls into.

New Sea Union Technology Group Co Days Inventory Calculation

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

New Sea Union Technology Group Co's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (15.185	+	7.932)	/	2 )	/	123.584	*	365
=	11.5585					/	123.584	*	365
=	34.14

New Sea Union Technology Group Co's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (7.364	+	7.961)	/	2 )	/	10.928	*	365 / 4
=	7.6625					/	10.928	*	365 / 4
=	63.98

New Sea Union Technology Group Co (SZSE:002089) 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.

New Sea Union Technology Group Co's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10.928	/	7.6625
	=	1.43

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.

New Sea Union Technology Group Co's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.6625	/	12.626
	=	0.61

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.

New Sea Union Technology Group Co Days Inventory Related Terms

Thank you for viewing the detailed overview of New Sea Union Technology Group Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

New Sea Union Technology Group Co (SZSE:002089) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » New Sea Union Technology Group Co Ltd (SZSE:002089) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 168 Jingmao Road, Suzhou Industrial Park, Suzhou, CHN, 215021

Website

http://www.nsu.com.cn

New Sea Union Technology Group Co Ltd is mainly engaged in the development and sale of communications network equipment in China. The company offers 4G Communication Products, FTTx Telecommunication Series and Software and Services among others.

New Sea Union Technology Group Co (SZSE:002089) Headlines

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