China Evergrande New Energy Vehicle Group (FRA:4NM1) Days Inventory : 293.04 (As of Dec. 2023)

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What is China Evergrande New Energy Vehicle Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Evergrande New Energy Vehicle Group's Average Total Inventories for the six months ended in Dec. 2023 was €242.5 Mil. China Evergrande New Energy Vehicle Group's Cost of Goods Sold for the six months ended in Dec. 2023 was €151.0 Mil. Hence, China Evergrande New Energy Vehicle Group's Days Inventory for the six months ended in Dec. 2023 was 293.04.

The historical rank and industry rank for China Evergrande New Energy Vehicle Group's Days Inventory or its related term are showing as below:

FRA:4NM1' s Days Inventory Range Over the Past 10 Years
Min: 0.67 Med: 1326.17 Max: 98764.03
Current: 594.49

During the past 13 years, China Evergrande New Energy Vehicle Group's highest Days Inventory was 98764.03. The lowest was 0.67. And the median was 1326.17.

FRA:4NM1's Days Inventory is ranked worse than
98.72% of 469 companies
in the Healthcare Providers & Services industry
Industry Median: 32.49 vs FRA:4NM1: 594.49

China Evergrande New Energy Vehicle Group's Days Inventory declined from Dec. 2022 (32,895.44) to Dec. 2023 (293.04).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Evergrande New Energy Vehicle Group's Inventory Turnover for the six months ended in Dec. 2023 was 0.62.

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. China Evergrande New Energy Vehicle Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 1.59.

China Evergrande New Energy Vehicle Group Days Inventory Historical Data

The historical data trend for China Evergrande New Energy Vehicle 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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China Evergrande New Energy Vehicle Group Days Inventory Chart

China Evergrande New Energy Vehicle Group Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1,994.86

1,320.72

95,869.84

62,831.72

462.61

China Evergrande New Energy Vehicle Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	369,244.04	32,895.44	2,750.37	293.04

Competitive Comparison of China Evergrande New Energy Vehicle Group's Days Inventory

For the Medical Care Facilities subindustry, China Evergrande New Energy Vehicle 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.

China Evergrande New Energy Vehicle Group's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, China Evergrande New Energy Vehicle Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Evergrande New Energy Vehicle Group's Days Inventory falls into.

China Evergrande New Energy Vehicle Group Days Inventory Calculation

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

China Evergrande New Energy Vehicle Group'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
=	( (402.397	+	50.551)	/	2 )	/	178.689	*	365
=	226.474					/	178.689	*	365
=	462.61

China Evergrande New Energy Vehicle 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (434.44	+	50.551)	/	2 )	/	151.024	*	365 / 2
=	242.4955					/	151.024	*	365 / 2
=	293.04

China Evergrande New Energy Vehicle Group (FRA:4NM1) 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.

China Evergrande New Energy Vehicle Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	151.024	/	242.4955
	=	0.62

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.

China Evergrande New Energy Vehicle Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	242.4955	/	152.265
	=	1.59

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.

China Evergrande New Energy Vehicle Group Days Inventory Related Terms

Thank you for viewing the detailed overview of China Evergrande New Energy Vehicle Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

China Evergrande New Energy Vehicle Group (FRA:4NM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » China Evergrande New Energy Vehicle Group Ltd (FRA:4NM1) » Definitions » Days Inventory

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Traded in Other Exchanges

EVGRF:USA 00708:Hong Kong 4NM1:Germany

Address

No. 78 Huangpu Avenue West, 28th Floor, Evergrande International Center, Guangdong Province, Guangzhou, CHN, 510620

Website

https://www.health.evergrande.com

China Evergrande New Energy Vehicle Group Ltd is engaged in the technology research and development, production, and sales of new energy vehicles. It is also involved in community health management, international hospitals, and the elderly care and rehabilitation business. The company's operating segments include Health Management and New Energy Vehicle. It generates most of its revenues from Health Management segment.

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