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Zhejiang Leapmotor Technology Co (HKSE:09863) Days Inventory : 27.83 (As of Dec. 2023)


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What is Zhejiang Leapmotor Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zhejiang Leapmotor Technology Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$1,753 Mil. Zhejiang Leapmotor Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$11,497 Mil. Hence, Zhejiang Leapmotor Technology Co's Days Inventory for the six months ended in Dec. 2023 was 27.83.

The historical rank and industry rank for Zhejiang Leapmotor Technology Co's Days Inventory or its related term are showing as below:

HKSE:09863' s Days Inventory Range Over the Past 10 Years
Min: 32.82   Med: 38.38   Max: 263.36
Current: 36.44

During the past 5 years, Zhejiang Leapmotor Technology Co's highest Days Inventory was 263.36. The lowest was 32.82. And the median was 38.38.

HKSE:09863's Days Inventory is ranked better than
86.84% of 1254 companies
in the Vehicles & Parts industry
Industry Median: 80.76 vs HKSE:09863: 36.44

Zhejiang Leapmotor Technology Co's Days Inventory declined from Dec. 2022 (40.42) to Dec. 2023 (27.83).

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang Leapmotor Technology Co's Inventory Turnover for the six months ended in Dec. 2023 was 6.56.

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. Zhejiang Leapmotor Technology Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.15.

Zhejiang Leapmotor Technology Co Days Inventory Historical Data

The historical data trend for Zhejiang Leapmotor Technology 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.

* Premium members only.

Zhejiang Leapmotor Technology Co Days Inventory Chart

Zhejiang Leapmotor Technology Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
263.36 64.70 37.38 32.82 38.38

Zhejiang Leapmotor Technology Co Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial - 22.32 40.42 48.51 27.83

Competitive Comparison of Zhejiang Leapmotor Technology Co's Days Inventory

For the Auto Manufacturers subindustry, Zhejiang Leapmotor Technology 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.

Zhejiang Leapmotor Technology Co's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang Leapmotor Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Zhejiang Leapmotor Technology Co's Days Inventory falls into.


Zhejiang Leapmotor Technology Co Days Inventory Calculation

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

Zhejiang Leapmotor Technology Co'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
=( (1952.971 + 1880.722) / 2 ) / 18229.159*365
=1916.8465 / 18229.159*365
=38.38

Zhejiang Leapmotor Technology Co'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
=( (1625.579 + 1880.722) / 2 ) / 11497.066*365 / 2
=1753.1505 / 11497.066*365 / 2
=27.83

* 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.

Zhejiang Leapmotor Technology Co  (HKSE:09863) 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.

Zhejiang Leapmotor Technology Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=11497.066 / 1753.1505
=6.56

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.

Zhejiang Leapmotor Technology Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=1753.1505 / 11958.892
=0.15

* 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.

Zhejiang Leapmotor Technology Co Days Inventory Related Terms

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

Zhejiang Leapmotor Technology Co (HKSE:09863) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Leapmotor Technology Co Ltd (HKSE:09863) » Definitions » Days Inventory
Comparable Companies
HKSE:00489 HKSE:01585 HKSE:01114 HKSE:01958 HKSE:02451 HKSE:01122 HKSE:00175 TSLA TSE:7203 SZSE:002594 XTER:MBG XTER:BMW STLA XTER:VOW3 MIL:RACE TSE:7267 F GM NSE:MARUTI LI
Traded in Other Exchanges
N/A
Address
No. 451 Wulianwang Street, 1st Floor, Binjiang District, Zhejiang Province, Hangzhou, CHN
Website
https://www.leapmotor.com
Zhejiang Leapmotor Technology Co Ltd is principally engaged in the production, research and development and sales of new energy vehicles in the PRC.

Zhejiang Leapmotor Technology Co (HKSE:09863) Headlines

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