Xiaomi (Xiaomi) Days Inventory

: 63.71 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Xiaomi's Average Total Inventories for the three months ended in Dec. 2023 was $5,635 Mil. Xiaomi's Cost of Goods Sold for the three months ended in Dec. 2023 was $8,071 Mil. Hence, Xiaomi's Days Inventory for the three months ended in Dec. 2023 was 63.71.

The historical rank and industry rank for Xiaomi's Days Inventory or its related term are showing as below:

XIACF' s Days Inventory Range Over the Past 10 Years
Min: 44.53 Med: 62.67 Max: 84.7
Current: 73.15

During the past 9 years, Xiaomi's highest Days Inventory was 84.70. The lowest was 44.53. And the median was 62.67.

XIACF's Days Inventory is ranked better than
68% of 2406 companies
in the Hardware industry
Industry Median: 104.06 vs XIACF: 73.15

Xiaomi's Days Inventory declined from Dec. 2022 (86.02) to Dec. 2023 (63.71).

Inventory Turnover measures how fast the company turns over its inventory within a year. Xiaomi's Inventory Turnover for the three months ended in Dec. 2023 was 1.43.

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. Xiaomi's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.55.

Xiaomi Days Inventory Historical Data

The historical data trend for Xiaomi'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.

Xiaomi Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

64.47

62.88

62.84

84.62

82.13

Xiaomi Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory															86.02	88.08	70.95	63.32	63.71

Competitive Comparison

For the Consumer Electronics subindustry, Xiaomi'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.

Xiaomi Days Inventory Distribution

For the Hardware industry and Technology sector, Xiaomi's Days Inventory distribution charts can be found below:

* The bar in red indicates where Xiaomi's Days Inventory falls into.

Xiaomi Days Inventory Calculation

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

Xiaomi'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
=	( (7234.662	+	6221.512)	/	2 )	/	29900.269	*	365
=	6728.087					/	29900.269	*	365
=	82.13

Xiaomi'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
=	( (5048.34	+	6221.512)	/	2 )	/	8071.166	*	365 / 4
=	5634.926					/	8071.166	*	365 / 4
=	63.71

Xiaomi (OTCPK:XIACF) 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.

Xiaomi's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8071.166	/	5634.926
	=	1.43

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5634.926	/	10257.932
	=	0.55

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.

Xiaomi Days Inventory Related Terms

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

Xiaomi (Xiaomi) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xiaomi Corp (OTCPK:XIACF) » Definitions » Days Inventory

Traded in Other Exchanges

XIACY:USA 1810:Mexico 01810:Hong Kong 3CP:Germany

Address

Anningzhuang Road, Xiaomi Campus, Haidian District, Beijing, CHN

Website

https://www.mi.com

Xiaomi is a technology product and services company founded in early 2010, focusing mainly on smartphones and Internet of Things products and related internet services. An early adopter of online smartphone sales, Xiaomi uses Android as its operating system but has its own customized user interface called MIUI. As competition in its home Chinese smartphone market intensified and growth has slowed, it has expanded into other markets and has become the smartphone market leader in India and is gaining market share in Europe. From 2020 to 2022, from a country perspective, around 50% of its overall revenue was generated in mainland China, down from 94% in 2015. The company listed on the Hong Kong market at the beginning of July 2018.