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NetEase Days Inventory

: 7.76 (As of Mar. 2022)
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Days Inventory is also known as Days Sales of Inventory (DSI). NetEase's Average Total Inventories for the three months ended in Mar. 2022 was $144 Mil. NetEase's Cost of Goods Sold for the three months ended in Mar. 2022 was $1,690 Mil. Hence, NetEase's Days Inventory for the three months ended in Mar. 2022 was 7.76.

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

NTES' s Days Inventory Range Over the Past 10 Years
Min: 3.16   Med: 13.95   Max: 65.67
Current: 8.03

During the past 13 years, NetEase's highest Days Inventory was 65.67. The lowest was 3.16. And the median was 13.95.

NTES's Days Inventory is ranked better than
59% of 239 companies
in the Interactive Media industry
Industry Median: 17.70 vs NTES: 8.03

NetEase's Days Inventory increased from Mar. 2021 (7.06) to Mar. 2022 (7.76). It might indicate that NetEase's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. NetEase's Inventory Turnover for the three months ended in Mar. 2022 was 11.76.

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. NetEase's Inventory-to-Revenue for the three months ended in Mar. 2022 was 0.04.


NetEase Days Inventory Historical Data

The historical data trend for NetEase'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.

NetEase Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 65.67 51.93 11.45 6.30 6.92

NetEase Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.06 8.54 8.47 7.92 7.76

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, NetEase'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.

   

NetEase Days Inventory Distribution

For the Interactive Media industry and Communication Services sector, NetEase's Days Inventory distribution charts can be found below:

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



NetEase Days Inventory Calculation

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

NetEase'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
=( (90.454329974156 + 151.46609517529) / 2 ) / 6379.85728416*365
=120.96021257473 / 6379.85728416*365
=6.92

NetEase's Days Inventory for the quarter that ended in Mar. 2022 is calculated as:

Days Inventory (Q: Mar. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2021 ) + Total Inventories (Q: Mar. 2022 )) / count ) / Cost of Goods Sold (Q: Mar. 2022 )*Days in Period
=( (151.46609517529 + 135.75513034707) / 2 ) / 1689.5411846294*365 / 4
=143.61061276118 / 1689.5411846294*365 / 4
=7.76

* 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.


NetEase  (NAS:NTES) 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.

NetEase's Inventory Turnover for the three months ended in Mar. 2022 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=1689.5411846294 / 143.61061276118
=11.76

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.

NetEase's Inventory to Revenue for the three months ended in Mar. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=143.61061276118 / 3712.7387069319
=0.04

* 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.


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.


NetEase Days Inventory Related Terms

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


NetEase Business Description

NetEase logo
Address
No.599 Wangshang Road, NetEase Building, Binjiang District, Hangzhou, CHN, 310052
NetEase, which started on an Internet portal service in 1997, is a leading online services provider in China. Its key services include online/mobile games, cloud music, media, advertising, email, live streaming, online education, and e-commerce. The company develops and operates some of the China's most popular PC client and mobile games, and it partners with global leading game developers, such as Blizzard Entertainment and Mojang (a Microsoft subsidiary).

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