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Geely Automobile Holdings (HKSE:00175) Days Inventory : 29.06 (As of Jun. 2024)


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What is Geely Automobile Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Geely Automobile Holdings's Average Total Inventories for the six months ended in Jun. 2024 was HK$15,613 Mil. Geely Automobile Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$98,056 Mil. Hence, Geely Automobile Holdings's Days Inventory for the six months ended in Jun. 2024 was 29.06.

The historical rank and industry rank for Geely Automobile Holdings's Days Inventory or its related term are showing as below:

HKSE:00175' s Days Inventory Range Over the Past 10 Years
Min: 18.22   Med: 21.68   Max: 35.28
Current: 27.41

During the past 13 years, Geely Automobile Holdings's highest Days Inventory was 35.28. The lowest was 18.22. And the median was 21.68.

HKSE:00175's Days Inventory is ranked better than
92.26% of 1266 companies
in the Vehicles & Parts industry
Industry Median: 80.545 vs HKSE:00175: 27.41

Geely Automobile Holdings's Days Inventory declined from Jun. 2023 (33.19) to Jun. 2024 (29.06).

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. Geely Automobile Holdings's Inventory Turnover for the six months ended in Jun. 2024 was 6.28.

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. Geely Automobile Holdings's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.14.


Geely Automobile Holdings Days Inventory Historical Data

The historical data trend for Geely Automobile Holdings'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.

Geely Automobile Holdings Days Inventory Chart

Geely Automobile Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.42 19.38 19.71 24.24 31.83

Geely Automobile Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.48 22.13 33.19 27.80 29.06

Competitive Comparison of Geely Automobile Holdings's Days Inventory

For the Auto Manufacturers subindustry, Geely Automobile Holdings'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.


Geely Automobile Holdings's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Geely Automobile Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Geely Automobile Holdings's Days Inventory falls into.



Geely Automobile Holdings Days Inventory Calculation

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

Geely Automobile Holdings'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
=( (12085.455 + 16868.498) / 2 ) / 166023.081*365
=14476.9765 / 166023.081*365
=31.83

Geely Automobile Holdings's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (16868.498 + 14356.641) / 2 ) / 98056.494*365 / 2
=15612.5695 / 98056.494*365 / 2
=29.06

* 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.


Geely Automobile Holdings  (HKSE:00175) 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.

Geely Automobile Holdings's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

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.

Geely Automobile Holdings's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=15612.5695 / 115518.983
=0.14

* 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.


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.


Geely Automobile Holdings Days Inventory Related Terms

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


Geely Automobile Holdings Business Description

Address
23 Harbour Road, Room 2301, 23rd Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG
Based in Hangzhou, Zhejiang province, Geely Auto manufactures and sells passenger vehicles and automotive parts. Geely is the largest local brand manufacturer and the third-largest passenger vehicle brand in terms of sales volume in China. The firm formed a joint venture with Volvo in 2016 to build cars under the Lynk & Co brand. The brand targets a young audience with sales and marketing approaches closely resembling those of modern lifestyle brands. Including Lynk & Co, Geely sold about 1.7 million cars in 2023. The domestic market accounts for more than 80% of Geely's revenue, with the rest coming from other parts of the world.
Executives
Li Shu Fu
Zhejiang Geely Automobile Company Limited 2101 Beneficial owner
Zhejiang Geely Holding Group Company Limited

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