Shandong Guozi Software Co (BJSE:872953) Days Inventory : 124.95 (As of Jun. 2024)

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What is Shandong Guozi Software Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shandong Guozi Software Co's Average Total Inventories for the three months ended in Jun. 2024 was ¥30.2 Mil. Shandong Guozi Software Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥22.0 Mil. Hence, Shandong Guozi Software Co's Days Inventory for the three months ended in Jun. 2024 was 124.95.

The historical rank and industry rank for Shandong Guozi Software Co's Days Inventory or its related term are showing as below:

BJSE:872953' s Days Inventory Range Over the Past 10 Years
Min: 95.1 Med: 118.42 Max: 254.42
Current: 111.73

During the past 7 years, Shandong Guozi Software Co's highest Days Inventory was 254.42. The lowest was 95.10. And the median was 118.42.

BJSE:872953's Days Inventory is ranked worse than
82.04% of 1565 companies
in the Software industry
Industry Median: 18.6 vs BJSE:872953: 111.73

Shandong Guozi Software Co's Days Inventory increased from Jun. 2023 (95.32) to Jun. 2024 (124.95). It might indicate that Shandong Guozi Software Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shandong Guozi Software Co's Inventory Turnover for the three months ended in Jun. 2024 was 0.73.

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. Shandong Guozi Software Co's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.52.

Shandong Guozi Software Co Days Inventory Historical Data

The historical data trend for Shandong Guozi Software 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.

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Shandong Guozi Software Co Days Inventory Chart

Shandong Guozi Software Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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95.10

133.03

108.04

114.35

118.42

Shandong Guozi Software Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Inventory	Get a 7-Day Free Trial															95.32	97.11	77.57	235.72	124.95

Competitive Comparison of Shandong Guozi Software Co's Days Inventory

For the Software - Application subindustry, Shandong Guozi Software 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.

Shandong Guozi Software Co's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Shandong Guozi Software Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shandong Guozi Software Co's Days Inventory falls into.

Shandong Guozi Software Co Days Inventory Calculation

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

Shandong Guozi Software 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
=	( (18.166	+	19.697)	/	2 )	/	58.352	*	365
=	18.9315					/	58.352	*	365
=	118.42

Shandong Guozi Software Co's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (32.809	+	27.541)	/	2 )	/	22.036	*	365 / 4
=	30.175					/	22.036	*	365 / 4
=	124.95

Shandong Guozi Software Co (BJSE:872953) 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.

Shandong Guozi Software Co's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	22.036	/	30.175
	=	0.73

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.

Shandong Guozi Software Co's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	30.175	/	57.663
	=	0.52

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.

Shandong Guozi Software Co Days Inventory Related Terms

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

Shandong Guozi Software Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shandong Guozi Software Co Ltd (BJSE:872953) » Definitions » Days Inventory

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Traded in Other Exchanges

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Address

Building 5, Qilu Cultural and Creative Base, No. 101 Shunfeng Road, High-tech Zone, Shandong Province, Jinan, CHN

Website

http://www.googosoft.com

Shandong Guozi Software Co Ltd is a professional application software product development and industry solution provider. It is involved in providing asset management services for thousands of large unit users, and has grown into one of the most influential companies in the field of asset and equipment management software.

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