Dada Nexus (Dada Nexus) Days Inventory : 0.61 (As of Dec. 2023)

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What is Dada Nexus Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Dada Nexus's Average Total Inventories for the three months ended in Dec. 2023 was $1 Mil. Dada Nexus's Cost of Goods Sold for the three months ended in Dec. 2023 was $199 Mil. Hence, Dada Nexus's Days Inventory for the three months ended in Dec. 2023 was 0.61.

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

DADA' s Days Inventory Range Over the Past 10 Years
Min: 0.35 Med: 0.51 Max: 1.35
Current: 0.5

During the past 7 years, Dada Nexus's highest Days Inventory was 1.35. The lowest was 0.35. And the median was 0.51.

DADA's Days Inventory is ranked better than
99.53% of 1066 companies
in the Retail - Cyclical industry
Industry Median: 110.78 vs DADA: 0.50

Dada Nexus's Days Inventory increased from Dec. 2022 (0.51) to Dec. 2023 (0.61). It might indicate that Dada Nexus's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Dada Nexus's Inventory Turnover for the three months ended in Dec. 2023 was 150.59.

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. Dada Nexus's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Dada Nexus Days Inventory Historical Data

The historical data trend for Dada Nexus'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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Dada Nexus Days Inventory Chart

Dada Nexus Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.76

0.35

0.41

0.50

0.51

Dada Nexus Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															0.51	0.58	0.44	0.39	0.61

Competitive Comparison of Dada Nexus's Days Inventory

For the Internet Retail subindustry, Dada Nexus'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.

Dada Nexus's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Dada Nexus's Days Inventory distribution charts can be found below:

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

Dada Nexus Days Inventory Calculation

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

Dada Nexus'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
=	( (1.266	+	1.298)	/	2 )	/	914.588	*	365
=	1.282					/	914.588	*	365
=	0.51

Dada Nexus'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
=	( (1.344	+	1.298)	/	2 )	/	198.923	*	365 / 4
=	1.321					/	198.923	*	365 / 4
=	0.61

Dada Nexus (NAS:DADA) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	198.923	/	1.321
	=	150.59

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.321	/	315.621
	=	0.00

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.

Dada Nexus Days Inventory Related Terms

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

Dada Nexus (Dada Nexus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Dada Nexus Ltd (NAS:DADA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

D0A:Germany

Address

No.1088 Yangshupu Road, 22nd Floor, Oriental Fisherman’s Wharf, Yangpu District, Shanghai, CHN, 200082

Website

https://ir.imdada.cn

Dada Nexus is a leading crowdsourced delivery service in China. The company has two core businesses, Dada Now, which is an on-demand delivery platform that provides last-mile and intracity services; and JD Daojia, or JDDJ, which is an online on-demand retail platform that connects consumers to merchants with its delivery capabilities. As of 2022, Dada Now accounted for 34% of revenue while JDDJ accounted for the rest. JDDJ and Dada Nexus merged in 2016, where JD.com received 47.4% ownership of the merged entity in exchange for its JDDJ business. As of June 2023, JD.com and Walmart Inc own 53.9% and 9.3% of Dada Nexus, respectively. Dada Nexus competes with other logistics companies such as SF Intra-City, with Didi in its delivery business, and with Meituan in its on-demand retail segment.