GRG Metrology & Test Group Co (SZSE:002967) Days Inventory

: 6.84 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

Days Inventory is also known as Days Sales of Inventory (DSI). GRG Metrology & Test Group Co's Average Total Inventories for the three months ended in Dec. 2023 was ¥40 Mil. GRG Metrology & Test Group Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥535 Mil. Hence, GRG Metrology & Test Group Co's Days Inventory for the three months ended in Dec. 2023 was 6.84.

The historical rank and industry rank for GRG Metrology & Test Group Co's Days Inventory or its related term are showing as below:

SZSE:002967' s Days Inventory Range Over the Past 10 Years
Min: 1.77 Med: 4.79 Max: 13.02
Current: 7.81

During the past 12 years, GRG Metrology & Test Group Co's highest Days Inventory was 13.02. The lowest was 1.77. And the median was 4.79.

SZSE:002967's Days Inventory is ranked better than
72.58% of 682 companies
in the Business Services industry
Industry Median: 29.72 vs SZSE:002967: 7.81

GRG Metrology & Test Group Co's Days Inventory declined from Dec. 2022 (7.46) to Dec. 2023 (6.84).

Inventory Turnover measures how fast the company turns over its inventory within a year. GRG Metrology & Test Group Co's Inventory Turnover for the three months ended in Dec. 2023 was 13.35.

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. GRG Metrology & Test Group Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.04.

GRG Metrology & Test Group Co Days Inventory Historical Data

The historical data trend for GRG Metrology & Test Group 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.

GRG Metrology & Test Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

2.85

1.77

2.76

4.40

6.89

GRG Metrology & Test Group 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																7.46	7.61	9.29	8.84	6.84

Competitive Comparison

For the Consulting Services subindustry, GRG Metrology & Test Group 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.

GRG Metrology & Test Group Co Days Inventory Distribution

For the Business Services industry and Industrials sector, GRG Metrology & Test Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where GRG Metrology & Test Group Co's Days Inventory falls into.

GRG Metrology & Test Group Co Days Inventory Calculation

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

GRG Metrology & Test Group 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
=	( (23.162	+	39.83)	/	2 )	/	1667.577	*	365
=	31.496					/	1667.577	*	365
=	6.89

GRG Metrology & Test Group 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
=	( (40.339	+	39.83)	/	2 )	/	535.017	*	365 / 4
=	40.0845					/	535.017	*	365 / 4
=	6.84

GRG Metrology & Test Group Co (SZSE:002967) 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.

GRG Metrology & Test Group Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	535.017	/	40.0845
	=	13.35

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.

GRG Metrology & Test Group Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	40.0845	/	925.774
	=	0.04

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.

GRG Metrology & Test Group Co Days Inventory Related Terms

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

GRG Metrology & Test Group Co (SZSE:002967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GRG Metrology & Test Group Co Ltd (SZSE:002967) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Qishan Road, Room 150, Shiqi Town, Panyu District, Guangdong Province, Guangzhou, CHN, 510656

Website

http://www.grgtest.com

GRG Metrology & Test Group Co Ltd is devoted to standards compiling, product testing and certification, analysis and assessment, consulting and training, test equipment and software research and development, providing state of the art services to various industries including automotive, traffic and rail, communication and electric power and others.

GRG Metrology & Test Group Co (SZSE:002967) Headlines

No Headlines