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Sichuan Newsnet Media (Group) Co (SZSE:300987) Days Inventory

: 1.93 (As of Dec. 2023)
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Days Inventory is also known as Days Sales of Inventory (DSI). Sichuan Newsnet Media (Group) Co's Average Total Inventories for the three months ended in Dec. 2023 was ¥1.1 Mil. Sichuan Newsnet Media (Group) Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥50.3 Mil. Hence, Sichuan Newsnet Media (Group) Co's Days Inventory for the three months ended in Dec. 2023 was 1.93.

The historical rank and industry rank for Sichuan Newsnet Media (Group) Co's Days Inventory or its related term are showing as below:

SZSE:300987' s Days Inventory Range Over the Past 10 Years
Min: 2.53   Med: 2.53   Max: 2.53
Current: 2.53

During the past 13 years, Sichuan Newsnet Media (Group) Co's highest Days Inventory was 2.53. The lowest was 2.53. And the median was 2.53.

SZSE:300987's Days Inventory is ranked better than
86.54% of 654 companies
in the Media - Diversified industry
Industry Median: 26.335 vs SZSE:300987: 2.53

Sichuan Newsnet Media (Group) Co's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (1.93). It might indicate that Sichuan Newsnet Media (Group) Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sichuan Newsnet Media (Group) Co's Inventory Turnover for the three months ended in Dec. 2023 was 47.28.

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. Sichuan Newsnet Media (Group) Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.01.

Sichuan Newsnet Media (Group) Co Days Inventory Historical Data

The historical data trend for Sichuan Newsnet Media (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.

Sichuan Newsnet Media (Group) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 2.53

Sichuan Newsnet Media (Group) Co Quarterly Data
Dec17 Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 1.93
Competitive Comparison

For the Advertising Agencies subindustry, Sichuan Newsnet Media (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.

Sichuan Newsnet Media (Group) Co Days Inventory Distribution

For the Media - Diversified industry and Communication Services sector, Sichuan Newsnet Media (Group) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sichuan Newsnet Media (Group) Co's Days Inventory falls into.


Sichuan Newsnet Media (Group) Co Days Inventory Calculation

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

Sichuan Newsnet Media (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
=( (0 + 1.064) / 1 ) / 153.222*365
=1.064 / 153.222*365
=2.53

Sichuan Newsnet Media (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
=( (0 + 1.064) / 1 ) / 50.302*365 / 4
=1.064 / 50.302*365 / 4
=1.93

* 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.

Sichuan Newsnet Media (Group) Co  (SZSE:300987) 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.

Sichuan Newsnet Media (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
=50.302 / 1.064
=47.28

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.

Sichuan Newsnet Media (Group) Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=1.064 / 83.721
=0.01

* 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.

Sichuan Newsnet Media (Group) Co Days Inventory Related Terms

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Sichuan Newsnet Media (Group) Co (SZSE:300987) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sichuan Newsnet Media (Group) Co Ltd (SZSE:300987) » Definitions » Days Inventory
Comparable Companies
SHSE:603825 SZSE:301313 SZSE:300612 SZSE:002712 SHSE:603598 SZSE:003010 SZSE:300071 SZSE:300781 SZSE:002878 SZSE:300805 XPAR:PUB OMC SZSE:002027 IPG LSE:WPP TSE:4324 XPAR:DEC TSE:2433 ZD TSE:4751
Traded in Other Exchanges
N/A
Address
No.599, Century City South Road, Floor 2, 6th Floor, 16th Floor, Building 7, Tianfu Software Park D Zone, High-tech Zone, Sichuan Province, Chengdu, CHN, 610041
Website
http://www.newssc.org
Sichuan Newsnet Media (Group) Co Ltd operates as an internet media. It is primarily involved in the new media integrated marketing, mobile information services and others.

Sichuan Newsnet Media (Group) Co (SZSE:300987) Headlines

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