Fly-E Group (Fly-E Group) Days Inventory : 109.89 (As of Dec. 2023)

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What is Fly-E Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fly-E Group's Average Total Inventories for the three months ended in Dec. 2023 was $5.37 Mil. Fly-E Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $4.46 Mil. Hence, Fly-E Group's Days Inventory for the three months ended in Dec. 2023 was 109.89.

The historical rank and industry rank for Fly-E Group's Days Inventory or its related term are showing as below:

FLYE' s Days Inventory Range Over the Past 10 Years
Min: 98.88 Med: 117.4 Max: 120.51
Current: 98.88

During the past 2 years, Fly-E Group's highest Days Inventory was 120.51. The lowest was 98.88. And the median was 117.40.

FLYE's Days Inventory is ranked worse than
62.81% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 81.74 vs FLYE: 98.88

Fly-E Group's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (109.89). It might indicate that Fly-E Group's sales slowed down.

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. Fly-E Group's Inventory Turnover for the three months ended in Dec. 2023 was 0.83.

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. Fly-E Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.72.

Fly-E Group Days Inventory Historical Data

The historical data trend for Fly-E Group'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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Fly-E Group Days Inventory Chart

Fly-E Group Annual Data

Trend

Mar22

Mar23

Days Inventory

120.51

114.29

Fly-E Group Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial			-	98.10	79.64	95.28	109.89

Competitive Comparison of Fly-E Group's Days Inventory

For the Auto Manufacturers subindustry, Fly-E Group'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.

Fly-E Group's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fly-E Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Fly-E Group's Days Inventory falls into.

Fly-E Group Days Inventory Calculation

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

Fly-E Group's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (4.606	+	3.839)	/	2 )	/	13.485	*	365
=	4.2225					/	13.485	*	365
=	114.29

Fly-E Group'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
=	( (5.352	+	5.378)	/	2 )	/	4.455	*	365 / 4
=	5.365					/	4.455	*	365 / 4
=	109.89

Fly-E Group (NAS:FLYE) 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.

Fly-E Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.455	/	5.365
	=	0.83

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.

Fly-E Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.365	/	7.428
	=	0.72

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.

Fly-E Group Days Inventory Related Terms

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

Fly-E Group (Fly-E Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fly-E Group Inc (NAS:FLYE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

Website

Fly-E Group Inc is an electric vehicle company that is principally engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. They also provide connectivity solutions and value-added services to their customers.

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