Est Tools Co (SZSE:300488) Days Inventory : 176.49 (As of Mar. 2024)

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What is Est Tools Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Est Tools Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥134.3 Mil. Est Tools Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥69.4 Mil. Hence, Est Tools Co's Days Inventory for the three months ended in Mar. 2024 was 176.49.

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

SZSE:300488' s Days Inventory Range Over the Past 10 Years
Min: 158.46 Med: 188.16 Max: 260.87
Current: 164.48

During the past 13 years, Est Tools Co's highest Days Inventory was 260.87. The lowest was 158.46. And the median was 188.16.

SZSE:300488's Days Inventory is ranked worse than
66.79% of 2909 companies
in the Industrial Products industry
Industry Median: 120.85 vs SZSE:300488: 164.48

Est Tools Co's Days Inventory declined from Mar. 2023 (192.55) to Mar. 2024 (176.49).

Inventory Turnover measures how fast the company turns over its inventory within a year. Est Tools Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.52.

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. Est Tools Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.08.

Est Tools Co Days Inventory Historical Data

The historical data trend for Est Tools 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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Est Tools Co Days Inventory Chart

Est Tools Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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195.29

179.24

159.96

166.99

158.46

Est Tools Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															192.55	166.02	173.71	142.82	176.49

Competitive Comparison of Est Tools Co's Days Inventory

For the Tools & Accessories subindustry, Est Tools 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.

Est Tools Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Est Tools Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Est Tools Co's Days Inventory falls into.

Est Tools Co Days Inventory Calculation

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

Est Tools Co'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
=	( (131.621	+	130.914)	/	2 )	/	302.364	*	365
=	131.2675					/	302.364	*	365
=	158.46

Est Tools Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (130.914	+	137.708)	/	2 )	/	69.443	*	365 / 4
=	134.311					/	69.443	*	365 / 4
=	176.49

Est Tools Co (SZSE:300488) 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.

Est Tools Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	69.443	/	134.311
	=	0.52

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.

Est Tools Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	134.311	/	124.761
	=	1.08

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.

Est Tools Co Days Inventory Related Terms

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

Est Tools Co (SZSE:300488) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Est Tools Co Ltd (SZSE:300488) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 239 Xinqiao North Road, Wuyuan Town, Zhejiang Province, Jiaxing, CHN, 314300

Website

http://www.esttools.com

Est Tools Co Ltd is engaged the company is engaged in the research and development, production and sales of machine tools. The products mainly include precision complex, miscellaneous tools, spline measuring tools, precision cutting tools, and other metal cutting tools and high-precision measuring instruments. The company also offer edge measuring tools, including thread cutters, spline gages, and molding cutters.

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