Skyworth Group (FRA:KYW) Days Inventory : 97.74 (As of Dec. 2023)

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What is Skyworth Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Skyworth Group's Average Total Inventories for the six months ended in Dec. 2023 was €2,152 Mil. Skyworth Group's Cost of Goods Sold for the six months ended in Dec. 2023 was €4,018 Mil. Hence, Skyworth Group's Days Inventory for the six months ended in Dec. 2023 was 97.74.

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

FRA:KYW' s Days Inventory Range Over the Past 10 Years
Min: 57.2 Med: 86.59 Max: 124.9
Current: 102.61

During the past 13 years, Skyworth Group's highest Days Inventory was 124.90. The lowest was 57.20. And the median was 86.59.

FRA:KYW's Days Inventory is ranked worse than
50.5% of 2408 companies
in the Hardware industry
Industry Median: 101.955 vs FRA:KYW: 102.61

Skyworth Group's Days Inventory declined from Dec. 2022 (119.81) to Dec. 2023 (97.74).

Inventory Turnover measures how fast the company turns over its inventory within a year. Skyworth Group's Inventory Turnover for the six months ended in Dec. 2023 was 1.87.

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. Skyworth Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.46.

Skyworth Group Days Inventory Historical Data

The historical data trend for Skyworth 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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Skyworth Group Days Inventory Chart

Skyworth Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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94.45

112.61

100.76

121.10

101.75

Skyworth Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															101.46	129.09	119.81	112.48	97.74

Competitive Comparison of Skyworth Group's Days Inventory

For the Consumer Electronics subindustry, Skyworth 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.

Skyworth Group's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Skyworth Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Skyworth Group's Days Inventory falls into.

Skyworth Group Days Inventory Calculation

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

Skyworth 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
=	( (2206.553	+	2045.469)	/	2 )	/	7626.812	*	365
=	2126.011					/	7626.812	*	365
=	101.75

Skyworth 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
=	( (2258.072	+	2045.469)	/	2 )	/	4017.735	*	365 / 2
=	2151.7705					/	4017.735	*	365 / 2
=	97.74

Skyworth Group (FRA:KYW) 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.

Skyworth Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4017.735	/	2151.7705
	=	1.87

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.

Skyworth Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2151.7705	/	4717.281
	=	0.46

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.

Skyworth Group Days Inventory Related Terms

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

Skyworth Group (FRA:KYW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Skyworth Group Ltd (FRA:KYW) » Definitions » Days Inventory

Traded in Other Exchanges

SWDHF:USA 00751:Hong Kong

Address

20 Westlands Road, Rooms 1601-04 Westlands Centre, Quarry Bay, Hong Kong, HKG

Website

http://www.skyworth.com

Skyworth Group Ltd is principally engaged in the manufacture and sales of smart TV systems, home access systems, smart white appliances, intelligent manufacturing, internet value-added services, property development, property holding, photovoltaic products, modern services, and trading of other products. The company has four operating segments; Multimedia business, Smart systems technology business, New energy business, and Smart appliances business. The Group's operations are located in the PRC, Asia (other than the PRC), the Americas, Europe, Africa, and other regions and it derives a majority of its revenue from the People's Republic of China.

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