Shenzhen Chuangyitong Technology Co (SZSE:300991) Days Inventory

: 81.06 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Shenzhen Chuangyitong Technology Co's Average Total Inventories for the three months ended in Dec. 2023 was ¥109.9 Mil. Shenzhen Chuangyitong Technology Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥123.7 Mil. Hence, Shenzhen Chuangyitong Technology Co's Days Inventory for the three months ended in Dec. 2023 was 81.06.

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

SZSE:300991' s Days Inventory Range Over the Past 10 Years
Min: 40.58 Med: 77.18 Max: 101.28
Current: 92.16

During the past 9 years, Shenzhen Chuangyitong Technology Co's highest Days Inventory was 101.28. The lowest was 40.58. And the median was 77.18.

SZSE:300991's Days Inventory is ranked better than
65.99% of 2905 companies
in the Industrial Products industry
Industry Median: 120.49 vs SZSE:300991: 92.16

Shenzhen Chuangyitong Technology Co's Days Inventory declined from Dec. 2022 (87.13) to Dec. 2023 (81.06).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shenzhen Chuangyitong Technology Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.13.

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 Chuangyitong Technology Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.64.

Shenzhen Chuangyitong Technology Co Days Inventory Historical Data

The historical data trend for Shenzhen Chuangyitong 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.

Shenzhen Chuangyitong Technology Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

84.42

89.19

101.28

99.87

Shenzhen Chuangyitong Technology 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																87.13	118.92	91.74	80.19	81.06

Competitive Comparison

For the Electrical Equipment & Parts subindustry, Shenzhen Chuangyitong 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.

Shenzhen Chuangyitong Technology Co Days Inventory Distribution

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

* The bar in red indicates where Shenzhen Chuangyitong Technology Co's Days Inventory falls into.

Shenzhen Chuangyitong Technology Co Days Inventory Calculation

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

Shenzhen Chuangyitong 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
=	( (94.632	+	121.236)	/	2 )	/	394.463	*	365
=	107.934					/	394.463	*	365
=	99.87

Shenzhen Chuangyitong 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
=	( (98.502	+	121.236)	/	2 )	/	123.686	*	365 / 4
=	109.869					/	123.686	*	365 / 4
=	81.06

Shenzhen Chuangyitong Technology Co (SZSE:300991) 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 Chuangyitong 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
	=	123.686	/	109.869
	=	1.13

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	109.869	/	172.845
	=	0.64

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 Chuangyitong Technology Co Days Inventory Related Terms

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

Shenzhen Chuangyitong Technology Co (SZSE:300991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Chuangyitong Technology Co Ltd (SZSE:300991) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Fenghuang Street, Changfeng Industrial Park, No. 101-501, No. 11, No. 13 Building 105, Dongkeng Community, Guangming District, Shenzhen, CHN, 518106

Website

http://www.chysz.cn

Shenzhen Chuangyitong Technology Co Ltd is engage in the research and development, design and precision manufacturing of interconnect products such as precision connectors, connecting wires, and precision structural parts.

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