LONGi Green Energy Technology Co (SHSE:601012) Days Inventory : 125.10 (As of Mar. 2024)

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What is LONGi Green Energy Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). LONGi Green Energy Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥22,076 Mil. LONGi Green Energy Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥16,103 Mil. Hence, LONGi Green Energy Technology Co's Days Inventory for the three months ended in Mar. 2024 was 125.10.

The historical rank and industry rank for LONGi Green Energy Technology Co's Days Inventory or its related term are showing as below:

SHSE:601012' s Days Inventory Range Over the Past 10 Years
Min: 55.83 Med: 71.79 Max: 112.38
Current: 84.12

During the past 13 years, LONGi Green Energy Technology Co's highest Days Inventory was 112.38. The lowest was 55.83. And the median was 71.79.

SHSE:601012's Days Inventory is ranked better than
69.47% of 940 companies
in the Semiconductors industry
Industry Median: 130.36 vs SHSE:601012: 84.12

LONGi Green Energy Technology Co's Days Inventory increased from Mar. 2023 (82.15) to Mar. 2024 (125.10). It might indicate that LONGi Green Energy Technology Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. LONGi Green Energy Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.73.

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. LONGi Green Energy Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.25.

LONGi Green Energy Technology Co Days Inventory Historical Data

The historical data trend for LONGi Green Energy Technology 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.

* Premium members only.

LONGi Green Energy Technology Co Days Inventory Chart

LONGi Green Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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83.01

78.99

72.44

55.83

70.44

LONGi Green Energy Technology 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															82.15	70.28	92.00	70.01	125.10

Competitive Comparison of LONGi Green Energy Technology Co's Days Inventory

For the Semiconductor Equipment & Materials subindustry, LONGi Green Energy Technology 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.

LONGi Green Energy Technology Co's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, LONGi Green Energy Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where LONGi Green Energy Technology Co's Days Inventory falls into.

LONGi Green Energy Technology Co Days Inventory Calculation

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

LONGi Green Energy Technology 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
=	( (19317.556	+	21539.561)	/	2 )	/	105852.25	*	365
=	20428.5585					/	105852.25	*	365
=	70.44

LONGi Green Energy Technology 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
=	( (21539.561	+	22613.261)	/	2 )	/	16102.693	*	365 / 4
=	22076.411					/	16102.693	*	365 / 4
=	125.10

LONGi Green Energy Technology Co (SHSE:601012) 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.

LONGi Green Energy Technology Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	16102.693	/	22076.411
	=	0.73

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.

LONGi Green Energy Technology Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22076.411	/	17673.585
	=	1.25

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.

LONGi Green Energy Technology Co Days Inventory Related Terms

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

LONGi Green Energy Technology Co (SHSE:601012) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » LONGi Green Energy Technology Co Ltd (SHSE:601012) » Definitions » Days Inventory

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Address

Innovation Incubation Center Block B, Shangji Road 8989 Xi'an Service Outsourcing Industrial Park, Xi'an Economic and Technological Development Zone, Xian, CHN, 710018

Website

http://www.longigroup.com

LONGi Green Energy Technology is the largest integrated solar company in the world. It produced 85.9 gigawatts of solar silicon wafers and 48.2 GW of solar modules in 2022, both the most globally. Solar silicon wafer and solar module contributed 30% and 66% of revenue in 2022, respectively. LONGi's production bases are mostly in China. LONGi's products are sold in more than 150 countries and regions.

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