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AAC Technologies Holdings (AAC Technologies Holdings) Days Inventory : 92.34 (As of Jun. 2023)


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What is AAC Technologies Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AAC Technologies Holdings's Average Total Inventories for the six months ended in Jun. 2023 was $560 Mil. AAC Technologies Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $1,106 Mil. Hence, AAC Technologies Holdings's Days Inventory for the six months ended in Jun. 2023 was 92.34.

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

AACAF' s Days Inventory Range Over the Past 10 Years
Min: 69.43   Med: 95.32   Max: 131.2
Current: 78.74

During the past 13 years, AAC Technologies Holdings's highest Days Inventory was 131.20. The lowest was 69.43. And the median was 95.32.

AACAF's Days Inventory is ranked better than
64.86% of 2405 companies
in the Hardware industry
Industry Median: 104.01 vs AACAF: 78.74

AAC Technologies Holdings's Days Inventory declined from Jun. 2022 (144.07) to Jun. 2023 (92.34).

Inventory Turnover measures how fast the company turns over its inventory within a year. AAC Technologies Holdings's Inventory Turnover for the six months ended in Jun. 2023 was 1.98.

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. AAC Technologies Holdings's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.43.


AAC Technologies Holdings Days Inventory Historical Data

The historical data trend for AAC Technologies 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.

AAC Technologies Holdings Days Inventory Chart

AAC Technologies Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 100.65 104.75 131.52 115.19 80.67

AAC Technologies 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 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 130.22 144.07 105.98 92.34 65.34

Competitive Comparison of AAC Technologies Holdings's Days Inventory

For the Communication Equipment subindustry, AAC Technologies 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.


AAC Technologies Holdings's Days Inventory Distribution in the Hardware Industry

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

* The bar in red indicates where AAC Technologies Holdings's Days Inventory falls into.



AAC Technologies Holdings Days Inventory Calculation

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

AAC Technologies Holdings'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
=( (894.171 + 631.326) / 2 ) / 2416.923*365
=762.7485 / 2416.923*365
=115.19

AAC Technologies Holdings'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
=( (631.326 + 488.102) / 2 ) / 1106.195*365 / 2
=559.714 / 1106.195*365 / 2
=92.34

* 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.


AAC Technologies Holdings  (OTCPK:AACAF) 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.

AAC Technologies Holdings's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

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.

AAC Technologies Holdings's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

* 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.


AAC Technologies Holdings Days Inventory Related Terms

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


AAC Technologies Holdings (AAC Technologies Holdings) Business Description

Address
38 Gloucester Road, Unit 1605-7, China Evergrande Centre, Wanchai, Hong Kong, HKG
AAC Technologies is one of the world's largest manufacturers of miniature acoustic components, such as speakers and receivers, primarily for smartphones, which account for under half of its revenue. Founded in 1993, the company has since then expanded into the production of other handset components, such as electromagnetic drives (haptics), precision mechanical (metal casing), lenses and camera modules, and MEMS microphones. AAC is headquartered in Shenzhen, China, and runs factories in China, Vietnam, Czechia, and Malaysia. It employed 27,798 people in December 2022.