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IZM (ICZOOM Group) Days Inventory : 0.83 (As of Jun. 2024)


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What is ICZOOM Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ICZOOM Group's Average Total Inventories for the six months ended in Jun. 2024 was $0.4 Mil. ICZOOM Group's Cost of Goods Sold for the six months ended in Jun. 2024 was $87.4 Mil. Hence, ICZOOM Group's Days Inventory for the six months ended in Jun. 2024 was 0.83.

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

IZM' s Days Inventory Range Over the Past 10 Years
Min: 1.05   Med: 2.32   Max: 4.69
Current: 1.15

During the past 6 years, ICZOOM Group's highest Days Inventory was 4.69. The lowest was 1.05. And the median was 2.32.

IZM's Days Inventory is ranked better than
99.54% of 2388 companies
in the Hardware industry
Industry Median: 96.475 vs IZM: 1.15

ICZOOM Group's Days Inventory declined from Jun. 2023 (0.86) to Jun. 2024 (0.83).

Inventory Turnover measures how fast the company turns over its inventory within a year. ICZOOM Group's Inventory Turnover for the six months ended in Jun. 2024 was 220.27.

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. ICZOOM Group's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.00.


ICZOOM Group Days Inventory Historical Data

The historical data trend for ICZOOM 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.

* Premium members only.

ICZOOM Group Days Inventory Chart

ICZOOM Group Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Days Inventory
Get a 7-Day Free Trial 3.64 2.81 1.83 1.05 1.24

ICZOOM Group Semi-Annual Data
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 0.95 0.31 0.86 1.38 0.83

Competitive Comparison of ICZOOM Group's Days Inventory

For the Electronics & Computer Distribution subindustry, ICZOOM 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.


ICZOOM Group's Days Inventory Distribution in the Hardware Industry

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

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


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ICZOOM Group Days Inventory Calculation

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

ICZOOM Group's Days Inventory for the fiscal year that ended in Jun. 2024 is calculated as

Days Inventory (A: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2023 ) + Total Inventories (A: Jun. 2024 )) / count ) / Cost of Goods Sold (A: Jun. 2024 )*Days in Period
=( (0.834 + 0.339) / 2 ) / 172.984*365
=0.5865 / 172.984*365
=1.24

ICZOOM Group'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
=( (0.455 + 0.339) / 2 ) / 87.449*365 / 2
=0.397 / 87.449*365 / 2
=0.83

* 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.


ICZOOM Group  (NAS:IZM) 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.

ICZOOM Group'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.

ICZOOM Group's Inventory to Revenue for the six months ended in Jun. 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.


ICZOOM Group Days Inventory Related Terms

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


ICZOOM Group Business Description

Traded in Other Exchanges
N/A
Address
No. 7018 Cai Tian Road, Room 3801, Building A, Sunhope e·METRO, Futian District, Guangdong, Shenzhen, CHN, 518000
ICZOOM Group Inc is engaged in the sale of electronic component products to customers in China. These products are used by small and medium-sized enterprises (SMEs) in the consumer electronic industry, Internet of Things (IoT), automotive electronics, and industrial control segment. In addition to the sales of electronic component products, also provides services to customers such as temporary warehousing, logistic and shipping, and customs clearance and charges them additional service commission fees. The company earns maximum revenue from sale of electronic components.