Days Inventory is also known as Days Sales of Inventory (DSI). Midea Group Co's Average Total Inventories for the
three
months ended in Sep. 2024 was HK$45,256 Mil. Midea Group Co's Cost of Goods Sold for the
three
months ended in Sep. 2024 was HK$82,824 Mil.
Hence, Midea Group Co's Days Inventory for the
three
months ended in Sep. 2024 was 49.86.
The historical rank and industry rank for Midea Group Co's Days Inventory or its related term are showing as below:
HKSE:00300'
s Days Inventory Range Over the Past 10 Years
Min: 41 Med: 52.55 Max: 64.41
Current: 51.39
During the past 13 years, Midea Group Co's highest Days Inventory was 64.41. The lowest was 41.00. And the median was 52.55.
HKSE:00300's Days Inventory is ranked better than 84.65% of 417
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 102.4
vs HKSE:00300: 51.39
Midea Group Co's Days Inventory
increased
from Sep. 2023 (45.05) to Sep. 2024 (49.86).
It might indicate that Midea Group Co's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Midea Group Co's Inventory Turnover for the
three
months ended in Sep. 2024 was 1.83.
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.
Midea Group Co's Inventory-to-Revenue for the
three
months ended in Sep. 2024 was 0.40.
Midea Group Co Days Inventory Historical Data
The historical data trend for Midea Group Co'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.
Competitive Comparison of Midea Group Co's Days Inventory
For the Furnishings, Fixtures & Appliances subindustry, Midea Group Co'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.
Midea Group Co's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Midea Group Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Midea Group Co's Days Inventory falls into.
Midea Group Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Midea Group Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Midea Group Co (HKSE:00300) 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.
Midea Group Co's Inventory Turnover for the
three
months ended in Sep. 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.
Midea Group Co's Inventory to Revenue for the
three
months ended in Sep. 2024 is calculated as
* 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.
Midea Group Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Midea Group Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Midea Group Co., Ltd. is one of the largest household appliance manufacturers in China, with key products such as air conditioners, refrigerators, washing machines and small household appliances. It is consistently ranked as one of the top three players in China by retail sales in most home appliance categories. The firm also engages in industrial automation and robotics systems through wholly owned Kuka, a global market leader based in Germany. Heating, ventilation, and air conditioning, or HVAC, products generally contribute the most to Midea's revenue, followed by other consumer appliances, and robotics and automation systems. In addition, Midea generates around 40% of sales outside China.
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