China Display Optoelectronics Technology Holdings (FRA:PJJ1) Days Inventory : 23.59 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is China Display Optoelectronics Technology Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Display Optoelectronics Technology Holdings's Average Total Inventories for the six months ended in Dec. 2023 was €21.0 Mil. China Display Optoelectronics Technology Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was €162.2 Mil. Hence, China Display Optoelectronics Technology Holdings's Days Inventory for the six months ended in Dec. 2023 was 23.59.

The historical rank and industry rank for China Display Optoelectronics Technology Holdings's Days Inventory or its related term are showing as below:

FRA:PJJ1' s Days Inventory Range Over the Past 10 Years
Min: 23.49 Med: 29.03 Max: 45.67
Current: 23.49

During the past 13 years, China Display Optoelectronics Technology Holdings's highest Days Inventory was 45.67. The lowest was 23.49. And the median was 29.03.

FRA:PJJ1's Days Inventory is ranked better than
95.14% of 2405 companies
in the Hardware industry
Industry Median: 103.88 vs FRA:PJJ1: 23.49

China Display Optoelectronics Technology Holdings's Days Inventory increased from Dec. 2022 (23.16) to Dec. 2023 (23.59). It might indicate that China Display Optoelectronics Technology Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Display Optoelectronics Technology Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 7.74.

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. China Display Optoelectronics Technology Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.12.

China Display Optoelectronics Technology Holdings Days Inventory Historical Data

The historical data trend for China Display Optoelectronics Technology Holdings'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.

China Display Optoelectronics Technology Holdings Days Inventory Chart

China Display Optoelectronics Technology Holdings Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

28.19

46.72

32.64

26.04

26.06

China Display Optoelectronics Technology Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															23.19	21.49	23.16	21.39	23.59

Competitive Comparison of China Display Optoelectronics Technology Holdings's Days Inventory

For the Electronic Components subindustry, China Display Optoelectronics Technology Holdings'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.

China Display Optoelectronics Technology Holdings's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, China Display Optoelectronics Technology Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Display Optoelectronics Technology Holdings's Days Inventory falls into.

China Display Optoelectronics Technology Holdings Days Inventory Calculation

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

China Display Optoelectronics Technology Holdings'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
=	( (18.297	+	25.768)	/	2 )	/	308.58	*	365
=	22.0325					/	308.58	*	365
=	26.06

China Display Optoelectronics Technology Holdings'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (16.149	+	25.768)	/	2 )	/	162.162	*	365 / 2
=	20.9585					/	162.162	*	365 / 2
=	23.59

China Display Optoelectronics Technology Holdings (FRA:PJJ1) 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.

China Display Optoelectronics Technology Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	162.162	/	20.9585
	=	7.74

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.

China Display Optoelectronics Technology Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	20.9585	/	173.371
	=	0.12

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.

China Display Optoelectronics Technology Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of China Display Optoelectronics Technology Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

China Display Optoelectronics Technology Holdings (FRA:PJJ1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Display Optoelectronics Technology Holdings Ltd (FRA:PJJ1) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

00334:Hong Kong

Address

No.23, ZhongKai High-Tech District, Guangdong Province, HuiZhou, CHN, 516006

Website

http://www.cdoth8.com

China Display Optoelectronics Technology Holdings Ltd is an investment holding company. It operates in a single segment, display product, which manufactures and sells LCD module products. It focuses on thin-film transistor-liquid crystal display (TFT-LCD), the capacitive touch panel (CTP) display development, production, and sales of modules, and provides a range of products LCD module technology, and manufacturing support services. The company's geographical segments are Mainland China, Hong Kong, and Thailand, of which the majority of its revenues come from Hong Kong.

China Display Optoelectronics Technology Holdings (FRA:PJJ1) Headlines

No Headlines