WiMi Hologram Cloud (WiMi Hologram Cloud) Days Inventory : 1.97 (As of Jun. 2023)

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What is WiMi Hologram Cloud Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). WiMi Hologram Cloud's Average Total Inventories for the six months ended in Jun. 2023 was $0.28 Mil. WiMi Hologram Cloud's Cost of Goods Sold for the six months ended in Jun. 2023 was $25.66 Mil. Hence, WiMi Hologram Cloud's Days Inventory for the six months ended in Jun. 2023 was 1.97.

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

WIMI' s Days Inventory Range Over the Past 10 Years
Min: 2.52 Med: 2.89 Max: 3.35
Current: 2.52

During the past 6 years, WiMi Hologram Cloud's highest Days Inventory was 3.35. The lowest was 2.52. And the median was 2.89.

WIMI's Days Inventory is ranked better than
86.45% of 657 companies
in the Media - Diversified industry
Industry Median: 26.32 vs WIMI: 2.52

WiMi Hologram Cloud's Days Inventory declined from Jun. 2022 (2.82) to Jun. 2023 (1.97).

Inventory Turnover measures how fast the company turns over its inventory within a year. WiMi Hologram Cloud's Inventory Turnover for the six months ended in Jun. 2023 was 92.64.

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. WiMi Hologram Cloud's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.01.

WiMi Hologram Cloud Days Inventory Historical Data

The historical data trend for WiMi Hologram Cloud'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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WiMi Hologram Cloud Days Inventory Chart

WiMi Hologram Cloud Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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2.52

2.89

3.35

WiMi Hologram Cloud Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial							2.03	3.89	2.82	2.98	1.97

Competitive Comparison of WiMi Hologram Cloud's Days Inventory

For the Advertising Agencies subindustry, WiMi Hologram Cloud'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.

WiMi Hologram Cloud's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, WiMi Hologram Cloud's Days Inventory distribution charts can be found below:

* The bar in red indicates where WiMi Hologram Cloud's Days Inventory falls into.

WiMi Hologram Cloud Days Inventory Calculation

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

WiMi Hologram Cloud's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1.074	+	0.345)	/	2 )	/	77.348	*	365
=	0.7095					/	77.348	*	365
=	3.35

WiMi Hologram Cloud's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.345	+	0.209)	/	2 )	/	25.662	*	365 / 2
=	0.277					/	25.662	*	365 / 2
=	1.97

WiMi Hologram Cloud (NAS:WIMI) 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.

WiMi Hologram Cloud's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	25.662	/	0.277
	=	92.64

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.

WiMi Hologram Cloud's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.277	/	36.97
	=	0.01

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.

WiMi Hologram Cloud Days Inventory Related Terms

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

WiMi Hologram Cloud (WiMi Hologram Cloud) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » WiMi Hologram Cloud Inc (NAS:WIMI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

0BF1:Germany

Address

1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020

Website

http://ir.wimiar.com

WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.