Shenzhen Kingdom Sci-tech Co (SHSE:600446) Days Inventory : 107.57 (As of Mar. 2024)

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What is Shenzhen Kingdom Sci-tech Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shenzhen Kingdom Sci-tech Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,061 Mil. Shenzhen Kingdom Sci-tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥900 Mil. Hence, Shenzhen Kingdom Sci-tech Co's Days Inventory for the three months ended in Mar. 2024 was 107.57.

The historical rank and industry rank for Shenzhen Kingdom Sci-tech Co's Days Inventory or its related term are showing as below:

SHSE:600446' s Days Inventory Range Over the Past 10 Years
Min: 84.43 Med: 98.48 Max: 111.7
Current: 100.8

During the past 13 years, Shenzhen Kingdom Sci-tech Co's highest Days Inventory was 111.70. The lowest was 84.43. And the median was 98.48.

SHSE:600446's Days Inventory is ranked worse than
80.06% of 1565 companies
in the Software industry
Industry Median: 19.64 vs SHSE:600446: 100.80

Shenzhen Kingdom Sci-tech Co's Days Inventory declined from Mar. 2023 (109.14) to Mar. 2024 (107.57).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shenzhen Kingdom Sci-tech Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.85.

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. Shenzhen Kingdom Sci-tech Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.97.

Shenzhen Kingdom Sci-tech Co Days Inventory Historical Data

The historical data trend for Shenzhen Kingdom Sci-tech Co'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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Shenzhen Kingdom Sci-tech Co Days Inventory Chart

Shenzhen Kingdom Sci-tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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103.67

100.39

86.61

93.00

84.43

Shenzhen Kingdom Sci-tech Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															109.14	115.45	120.76	73.81	107.57

Competitive Comparison of Shenzhen Kingdom Sci-tech Co's Days Inventory

For the Software - Application subindustry, Shenzhen Kingdom Sci-tech Co'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.

Shenzhen Kingdom Sci-tech Co's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Shenzhen Kingdom Sci-tech Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shenzhen Kingdom Sci-tech Co's Days Inventory falls into.

Shenzhen Kingdom Sci-tech Co Days Inventory Calculation

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

Shenzhen Kingdom Sci-tech Co'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
=	( (1222.53	+	971.75)	/	2 )	/	4743.089	*	365
=	1097.14					/	4743.089	*	365
=	84.43

Shenzhen Kingdom Sci-tech Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (971.75	+	1150.807)	/	2 )	/	900.257	*	365 / 4
=	1061.2785					/	900.257	*	365 / 4
=	107.57

Shenzhen Kingdom Sci-tech Co (SHSE:600446) 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.

Shenzhen Kingdom Sci-tech Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	900.257	/	1061.2785
	=	0.85

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.

Shenzhen Kingdom Sci-tech Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1061.2785	/	1088.806
	=	0.97

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.

Shenzhen Kingdom Sci-tech Co Days Inventory Related Terms

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Shenzhen Kingdom Sci-tech Co (SHSE:600446) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen Kingdom Sci-tech Co Ltd (SHSE:600446) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

the 9th high-South Road, Shenzhen Science and Technology Parks, Nanshan District, Shenzhen, CHN, 518026

Website

http://www.szkingdom.com

Shenzhen Kingdom Sci-tech Co Ltd operates as a financial technology company in China. It offers software in the fields of securities, funds, banking, futures, insurance, trust, integrated finance, and regulatory agencies.

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