BYD Co (BYD Co) Days Inventory : 57.38 (As of Dec. 2023)

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BYD Co Days Inventory Definition

Days Inventory is also known as Days Sales of Inventory (DSI). BYD Co's Average Total Inventories for the three months ended in Dec. 2023 was $12,492 Mil. BYD Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $19,864 Mil. Hence, BYD Co's Days Inventory for the three months ended in Dec. 2023 was 57.38.

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

BYDDY' s Days Inventory Range Over the Past 10 Years
Min: 63.34 Med: 72.97 Max: 88.59
Current: 66.03

During the past 13 years, BYD Co's highest Days Inventory was 88.59. The lowest was 63.34. And the median was 72.97.

BYDDY's Days Inventory is ranked better than
61.91% of 1255 companies
in the Vehicles & Parts industry
Industry Median: 81.77 vs BYDDY: 66.03

BYD Co's Days Inventory increased from Dec. 2022 (54.76) to Dec. 2023 (57.38). It might indicate that BYD Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. BYD Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.59.

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. BYD Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.50.

BYD Co Days Inventory Historical Data

The historical data trend for BYD 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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BYD Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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89.44

79.85

71.77

65.65

64.07

BYD Co 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															54.76	76.95	71.66	65.49	57.38

Competitive Comparison

For the Auto Manufacturers subindustry, BYD 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.

BYD Co Days Inventory Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, BYD Co's Days Inventory distribution charts can be found below:

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

BYD Co Days Inventory Calculation

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

BYD 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
=	( (11346.902	+	12279.313)	/	2 )	/	67303.206	*	365
=	11813.1075					/	67303.206	*	365
=	64.07

BYD Co'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
=	( (12703.879	+	12279.313)	/	2 )	/	19863.824	*	365 / 4
=	12491.596					/	19863.824	*	365 / 4
=	57.38

BYD Co (OTCPK:BYDDY) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19863.824	/	12491.596
	=	1.59

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12491.596	/	25215.052
	=	0.50

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.

BYD Co Days Inventory Related Terms

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

BYD Co (BYD Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BYD Co Ltd (OTCPK:BYDDY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

BYDDF:USA 01211:Hong Kong 0VSO:UK BY6:Germany 002594:China BY6:Austria

Address

No. 3009, BYD Road, Pingshan, Guangdong Province, Shenzhen, CHN, 518118

Website

https://www.byd.com

Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold more than 1.8 million passenger NEVs in 2022, accounting for about 28% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.