Ever-Glory International Group (Ever-Glory International Group) Days Inventory : 58.07 (As of Sep. 2022)

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What is Ever-Glory International Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ever-Glory International Group's Average Total Inventories for the three months ended in Sep. 2022 was $57.5 Mil. Ever-Glory International Group's Cost of Goods Sold for the three months ended in Sep. 2022 was $90.4 Mil. Hence, Ever-Glory International Group's Days Inventory for the three months ended in Sep. 2022 was 58.07.

The historical rank and industry rank for Ever-Glory International Group's Days Inventory or its related term are showing as below:

EVKG's Days Inventory is not ranked ^*
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 130.52
* Ranked among companies with meaningful Days Inventory only.

Ever-Glory International Group's Days Inventory declined from Sep. 2021 (81.68) to Sep. 2022 (58.07).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ever-Glory International Group's Inventory Turnover for the three months ended in Sep. 2022 was 1.57.

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. Ever-Glory International Group's Inventory-to-Revenue for the three months ended in Sep. 2022 was 0.54.

Ever-Glory International Group Days Inventory Historical Data

The historical data trend for Ever-Glory International Group'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.

* Premium members only.

Ever-Glory International Group Days Inventory Chart

Ever-Glory International Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Inventory

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69.01

74.00

92.02

125.63

93.41

Ever-Glory International Group Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Inventory	Get a 7-Day Free Trial															81.68	87.60	124.03	137.72	58.07

Competitive Comparison of Ever-Glory International Group's Days Inventory

For the Apparel Manufacturing subindustry, Ever-Glory International Group'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.

Ever-Glory International Group's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ever-Glory International Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ever-Glory International Group's Days Inventory falls into.

Ever-Glory International Group Days Inventory Calculation

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

Ever-Glory International Group's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (53.893	+	63.841)	/	2 )	/	230.026	*	365
=	58.867					/	230.026	*	365
=	93.41

Ever-Glory International Group's Days Inventory for the quarter that ended in Sep. 2022 is calculated as:

	Days Inventory (Q: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (66.003	+	49.038)	/	2 )	/	90.39	*	365 / 4
=	57.5205					/	90.39	*	365 / 4
=	58.07

Ever-Glory International Group (OTCPK:EVKG) 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.

Ever-Glory International Group's Inventory Turnover for the three months ended in Sep. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	90.39	/	57.5205
	=	1.57

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.

Ever-Glory International Group's Inventory to Revenue for the three months ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	57.5205	/	106.437
	=	0.54

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.

Ever-Glory International Group Days Inventory Related Terms

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

Ever-Glory International Group (Ever-Glory International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ever-Glory International Group Inc (OTCPK:EVKG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ever-Glory Commercial Center, 509 Chengxin Road, Jiangning Development Zone, Jiangsu Province, Nanjing, CHN, 211102

Website

http://www.everglorygroup.com

Ever-Glory International Group Inc retails branded fashion apparel and operates as an apparel supply chain solution provider. The company offers apparel to a woman under its various brands such as La go go, Velwin, Sea To Sky, and Idole with over 936 retail locations in China. The firm also offers global apparel supply chain solutions aiming at middle-to-high end casual wear, outerwear, and sportswear brands. It manufactures apparel products in the People's Republic of China (PRC). It derives most of its revenues from its business in Mainland China and has operations spread across HK China, UK, Europe, United States and Japan.

Executives

Jianhua Wang	director	C/O EVER-GLORY INTERNATIONAL GROUP, INC., 509 CHENGXIN ROAD, JIANGNING DEVELOPMENT, NANJING, JIANGSU PROVINCE F4 211102
Huake Kang	10 percent owner	ROOM 102, NO. 16-1, WEI ALLEY, XUANWU DISTRICT, NANJING CITY F4 00000
Merry Tang	director	GZTY CPA GROUP, LLC, 52 BRIDGE STREET, METUCHEN NJ 08840
Gerald Goldberg	director
Tchaikovsky Bennet Price Jr	director	11601 WILSHIRE BOULEVARD, SUITE 2150, LOS ANGELES CA 90025
Zhixue Zhang	director	RUI JIN BEI CUN COMMUNITY, BAIXIA DISTRICT, NANJING F4 000000
Changyu Qi	director	RUI JIN BEI CUN COMMUNITY, BAIXIA DISTRICT, NANJING F4 000000
Ever-glory Enterprises (h.k.) Ltd	10 percent owner	NO. 22-503, MEI HUA SHAN ZHUANG, MU XU YUAN STREET, NANJING, JIANGSU PROVINCE F4 000000
Yihua Kang	director, 10 percent owner, officer: President, CEO & Secretary	EVER-GLORY COMM. CENTER, HUARUI BLDG., NO. 33 YUDAO ST., NANJING F4 210007
Jiajun Sun	director, officer: Chief Operating Officer	EVER-GLORY COMM. CENTER, HUARUI BLDG., NO. 33 YUDAO ST., NANJING F4 210007
Xiaodong Yan	director	EVER-GLORY COMM. CENTER, HUARUI BLDG., NO. 33 YUDAO ST., NANJING F4 210007
Ning Li	director	EVER-GLORY COMM. CENTER, HUARUI BLDG., NO. 33 YUDAO ST., NANJING F4 210007
Ruqin Wei	director	EVER-GLORY COMM. CENTER, HUARUI BLDG., NO. 33 YUDAO ST., NANJING F4 210007
Yan Guo	officer: Chief Financial Officer	EVER-GLORY COMM. CENTER, HUARUI BLDG., NO. 33 YUDAO ST., NANJING F4 210007
Lance Richard Larsen	officer: President	75 SUNBANK WAY SE, ALBERTA, CALGARY AB A0 0000