EM (Smart Share Global) Days Inventory : 48.07 (As of Sep. 2024)

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What is Smart Share Global Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Smart Share Global's Average Total Inventories for the three months ended in Sep. 2024 was $22.2 Mil. Smart Share Global's Cost of Goods Sold for the three months ended in Sep. 2024 was $42.2 Mil. Hence, Smart Share Global's Days Inventory for the three months ended in Sep. 2024 was 48.07.

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

EM' s Days Inventory Range Over the Past 10 Years
Min: 1.91 Med: 2.87 Max: 54.01
Current: 54.01

During the past 5 years, Smart Share Global's highest Days Inventory was 54.01. The lowest was 1.91. And the median was 2.87.

EM's Days Inventory is ranked worse than
67.9% of 81 companies
in the Personal Services industry
Industry Median: 18.65 vs EM: 54.01

Smart Share Global's Days Inventory declined from Sep. 2023 (49.10) to Sep. 2024 (48.07).

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. Smart Share Global's Inventory Turnover for the three months ended in Sep. 2024 was 1.90.

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. Smart Share Global's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.32.

Smart Share Global Days Inventory Historical Data

The historical data trend for Smart Share Global'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.

Smart Share Global Days Inventory Chart

Smart Share Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

2.87

1.91

16.24

Smart Share Global Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															49.10	47.77	64.49	59.50	48.07

Competitive Comparison of Smart Share Global's Days Inventory

For the Personal Services subindustry, Smart Share Global'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.

Smart Share Global's Days Inventory Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Smart Share Global's Days Inventory distribution charts can be found below:

* The bar in red indicates where Smart Share Global's Days Inventory falls into.

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Smart Share Global Days Inventory Calculation

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

Smart Share Global'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
=	( (0.151	+	14.92)	/	2 )	/	169.388	*	365
=	7.5355					/	169.388	*	365
=	16.24

Smart Share Global's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (21.468	+	22.966)	/	2 )	/	42.17	*	365 / 4
=	22.217					/	42.17	*	365 / 4
=	48.07

Smart Share Global (NAS:EM) 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.

Smart Share Global's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.17	/	22.217
	=	1.90

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.

Smart Share Global's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.217	/	69.359
	=	0.32

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.

Smart Share Global Days Inventory Related Terms

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

Smart Share Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Smart Share Global Ltd (NAS:EM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

799 Tianshan W Road, 6th Floor, Changning District, Shanghai, CHN, 200335

Website

https://www.enmonster.com

Smart Share Global Ltd is a consumer tech company providing mobile device charging service through an extensive online and offline network in China. It provides service through power banks, placed in POIs operated by location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Through the mini-programs, users rent the power banks to carry with them when use the service and can return the power banks at any of the POIs, enabled by the expansive network and powerful technologies.