Qingmu Digital Technology Co (SZSE:301110) Days Inventory

: 69.48 (As of Sep. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Qingmu Digital Technology Co's Average Total Inventories for the three months ended in Sep. 2023 was ¥106.7 Mil. Qingmu Digital Technology Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥140.1 Mil. Hence, Qingmu Digital Technology Co's Days Inventory for the three months ended in Sep. 2023 was 69.48.

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

SZSE:301110' s Days Inventory Range Over the Past 10 Years
Min: 41.69 Med: 55.91 Max: 111.85
Current: 81.77

During the past 6 years, Qingmu Digital Technology Co's highest Days Inventory was 111.85. The lowest was 41.69. And the median was 55.91.

SZSE:301110's Days Inventory is ranked worse than
69.16% of 681 companies
in the Business Services industry
Industry Median: 29.27 vs SZSE:301110: 81.77

Qingmu Digital Technology Co's Days Inventory declined from Sep. 2022 (81.76) to Sep. 2023 (69.48).

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. Qingmu Digital Technology Co's Inventory Turnover for the three months ended in Sep. 2023 was 1.31.

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. Qingmu Digital Technology Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.53.

Qingmu Digital Technology Co Days Inventory Historical Data

The historical data trend for Qingmu Digital 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.

Qingmu Digital Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

61.63

41.69

44.20

50.18

76.03

Qingmu Digital Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory														81.76	86.97	90.43	80.68	69.48

Competitive Comparison

For the Specialty Business Services subindustry, Qingmu Digital 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.

Qingmu Digital Technology Co Days Inventory Distribution

For the Business Services industry and Industrials sector, Qingmu Digital Technology Co's Days Inventory distribution charts can be found below:

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

Qingmu Digital Technology Co Days Inventory Calculation

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

Qingmu Digital Technology Co's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (64.629	+	144.707)	/	2 )	/	502.46	*	365
=	104.668					/	502.46	*	365
=	76.03

Qingmu Digital Technology Co's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (102.136	+	111.196)	/	2 )	/	140.092	*	365 / 4
=	106.666					/	140.092	*	365 / 4
=	69.48

Qingmu Digital Technology Co (SZSE:301110) 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.

Qingmu Digital Technology Co's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	140.092	/	106.666
	=	1.31

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.

Qingmu Digital Technology Co's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	106.666	/	199.379
	=	0.53

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.

Qingmu Digital Technology Co Days Inventory Related Terms

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

Qingmu Digital Technology Co (SZSE:301110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Qingmu Digital Technology Co Ltd (SZSE:301110) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 001, No. 32, Donghai Street South, Fenghe Jiangbei Village, Haizhu District, Guangdong Province, Guangzhou, CHN, 510310

Website

https://www.qingmutec.com

Qingmu Digital Technology Co Ltd is involved in the E-commerce sales services, brand digital marketing, technology solutions and consumer operation services.

Qingmu Digital Technology Co (SZSE:301110) Headlines

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