Goldwind Science & Technology Co (SZSE:002202) Days Inventory : 84.74 (As of Dec. 2023)

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What is Goldwind Science & Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Goldwind Science & Technology Co's Average Total Inventories for the three months ended in Dec. 2023 was ¥16,385 Mil. Goldwind Science & Technology Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥17,644 Mil. Hence, Goldwind Science & Technology Co's Days Inventory for the three months ended in Dec. 2023 was 84.74.

The historical rank and industry rank for Goldwind Science & Technology Co's Days Inventory or its related term are showing as below:

SZSE:002202' s Days Inventory Range Over the Past 10 Years
Min: 49.04 Med: 72.57 Max: 120.53
Current: 120.53

During the past 13 years, Goldwind Science & Technology Co's highest Days Inventory was 120.53. The lowest was 49.04. And the median was 72.57.

SZSE:002202's Days Inventory is ranked worse than
50.15% of 2907 companies
in the Industrial Products industry
Industry Median: 120.15 vs SZSE:002202: 120.53

Goldwind Science & Technology Co's Days Inventory increased from Dec. 2022 (53.72) to Dec. 2023 (84.74). It might indicate that Goldwind Science & Technology Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Goldwind Science & Technology Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.08.

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. Goldwind Science & Technology Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.78.

Goldwind Science & Technology Co Days Inventory Historical Data

The historical data trend for Goldwind Science & 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.

Goldwind Science & Technology Co Days Inventory Chart

Goldwind Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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77.31

54.57

49.04

69.99

109.59

Goldwind Science & Technology Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															53.72	235.54	104.24	174.49	84.74

Competitive Comparison of Goldwind Science & Technology Co's Days Inventory

For the Specialty Industrial Machinery subindustry, Goldwind Science & 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.

Goldwind Science & Technology Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Goldwind Science & Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Goldwind Science & Technology Co's Days Inventory falls into.

Goldwind Science & Technology Co Days Inventory Calculation

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

Goldwind Science & 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
=	( (9847.658	+	15257.242)	/	2 )	/	41807.42	*	365
=	12552.45					/	41807.42	*	365
=	109.59

Goldwind Science & Technology Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (17513.117	+	15257.242)	/	2 )	/	17643.699	*	365 / 4
=	16385.1795					/	17643.699	*	365 / 4
=	84.74

Goldwind Science & Technology Co (SZSE:002202) 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.

Goldwind Science & Technology Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	17643.699	/	16385.1795
	=	1.08

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.

Goldwind Science & Technology Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16385.1795	/	21137.979
	=	0.78

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.

Goldwind Science & Technology Co Days Inventory Related Terms

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

Goldwind Science & Technology Co (SZSE:002202) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Goldwind Science & Technology Co Ltd (SZSE:002202) » Definitions » Days Inventory

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Traded in Other Exchanges

XJNGF:USA 02208:Hong Kong CXGH:Germany CXGH:Germany

Address

No. 8 Boxing 1st Road, Economic and Technological Development District, Beijing, CHN, 100176

Website

https://www.goldwind.com

Goldwind Science & Technology Co Ltd manufactures, and markets wind turbines & other solutions. It has four segments. The wind turbine generator manufacturing & sale segment engages in research & development, manufacture & sale of wind turbine generators &bspare parts; the wind power services segment provides wind power construction, post-warranty service & asset management services; the wind farm development segment engages in the development of wind farms, which includes wind power generation service provided by the Group's wind farms & its sales; & the others segment mainly engages in the operation of water treatment plants under the service concession arrangements. The majority is from Wind turbine generator manufacturing & sale. Geographically, the key revenue is from China.

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