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Paranovus Entertainment Technology (Paranovus Entertainment Technology) Days Inventory : 5.08 (As of Sep. 2023)


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What is Paranovus Entertainment Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Paranovus Entertainment Technology's Average Total Inventories for the six months ended in Sep. 2023 was $0.18 Mil. Paranovus Entertainment Technology's Cost of Goods Sold for the six months ended in Sep. 2023 was $6.29 Mil. Hence, Paranovus Entertainment Technology's Days Inventory for the six months ended in Sep. 2023 was 5.08.

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

PAVS' s Days Inventory Range Over the Past 10 Years
Min: 2.9   Med: 21.07   Max: 50.04
Current: 2.9

During the past 7 years, Paranovus Entertainment Technology's highest Days Inventory was 50.04. The lowest was 2.90. And the median was 21.07.

PAVS's Days Inventory is ranked better than
99.5% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.23 vs PAVS: 2.90

Paranovus Entertainment Technology's Days Inventory declined from Sep. 2022 (16.70) to Sep. 2023 (5.08).

Inventory Turnover measures how fast the company turns over its inventory within a year. Paranovus Entertainment Technology's Inventory Turnover for the six months ended in Sep. 2023 was 35.94.

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. Paranovus Entertainment Technology's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.03.

Paranovus Entertainment Technology Days Inventory Historical Data

The historical data trend for Paranovus Entertainment Technology'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.

Paranovus Entertainment Technology Days Inventory Chart

Paranovus Entertainment Technology Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial 24.42 21.07 13.06 6.76 3.38

Paranovus Entertainment Technology Semi-Annual Data
Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 9.33 7.82 16.70 2.34 5.08

Competitive Comparison of Paranovus Entertainment Technology's Days Inventory

For the Packaged Foods subindustry, Paranovus Entertainment Technology'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.

Paranovus Entertainment Technology's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Paranovus Entertainment Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Paranovus Entertainment Technology's Days Inventory falls into.


Paranovus Entertainment Technology Days Inventory Calculation

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

Paranovus Entertainment Technology's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

Days Inventory (A: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (1.39 + 0.335) / 2 ) / 93.099*365
=0.8625 / 93.099*365
=3.38

Paranovus Entertainment Technology's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (0.335 + 0.015) / 2 ) / 6.289*365 / 2
=0.175 / 6.289*365 / 2
=5.08

* 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.

Paranovus Entertainment Technology  (NAS:PAVS) 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.

Paranovus Entertainment Technology's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=6.289 / 0.175
=35.94

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.

Paranovus Entertainment Technology's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.175 / 6.294
=0.03

* 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.

Paranovus Entertainment Technology Days Inventory Related Terms

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

Paranovus Entertainment Technology (Paranovus Entertainment Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Paranovus Entertainment Technology Ltd (NAS:PAVS) » Definitions » Days Inventory
Comparable Companies
NCRA PETZ CTGL INBP LSF BTTR FAMI BOF BABB GWLL XSWX:NESN KHC GIS XPAR:BN SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF
Traded in Other Exchanges
N/A
Address
Number 11, Dongjiao East Road, Shuangxi, Shunchang, Fujian Province, Nanping, CHN, 353200
Website
https://www.happ.org.cn
Paranovus Entertainment Technology Ltd is a nutraceutical and dietary supplements producer focused on the research, development, manufacturing, and marketing of products made from Chinese herbal extracts. The company's segment includes Healthcare products; Automobile; Online store and Internet information and advertising service. It generates maximum revenue from the Online store segment.