LICN (Lichen China) Days Inventory : 1.80 (As of Jun. 2024)

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What is Lichen China Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Lichen China's Average Total Inventories for the six months ended in Jun. 2024 was $0.07 Mil. Lichen China's Cost of Goods Sold for the six months ended in Jun. 2024 was $7.13 Mil. Hence, Lichen China's Days Inventory for the six months ended in Jun. 2024 was 1.80.

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

LICN' s Days Inventory Range Over the Past 10 Years
Min: 0.71 Med: 2.41 Max: 3.71
Current: 1.99

During the past 4 years, Lichen China's highest Days Inventory was 3.71. The lowest was 0.71. And the median was 2.41.

LICN's Days Inventory is ranked better than
85.37% of 670 companies
in the Business Services industry
Industry Median: 28.49 vs LICN: 1.99

Lichen China's Days Inventory declined from Jun. 2023 (3.82) to Jun. 2024 (1.80).

Inventory Turnover measures how fast the company turns over its inventory within a year. Lichen China's Inventory Turnover for the six months ended in Jun. 2024 was 101.15.

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

Lichen China Days Inventory Historical Data

The historical data trend for Lichen China'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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Lichen China Days Inventory Chart

Lichen China Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

0.71

2.28

3.71

2.53

Lichen China Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial			5.45	3.71	3.82	2.10	1.80

Competitive Comparison of Lichen China's Days Inventory

For the Specialty Business Services subindustry, Lichen China'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.

Lichen China's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Lichen China's Days Inventory distribution charts can be found below:

* The bar in red indicates where Lichen China's Days Inventory falls into.

Lichen China Days Inventory Calculation

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

Lichen China'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
=	( (0.127	+	0.087)	/	2 )	/	15.439	*	365
=	0.107					/	15.439	*	365
=	2.53

Lichen China'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
=	( (0.087	+	0.054)	/	2 )	/	7.131	*	365 / 2
=	0.0705					/	7.131	*	365 / 2
=	1.80

Lichen China (NAS:LICN) 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.

Lichen China's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.131	/	0.0705
	=	101.15

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.

Lichen China's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0705	/	18.096
	=	0.00

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.

Lichen China Days Inventory Related Terms

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

Lichen China Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lichen China Ltd (NAS:LICN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xingang Square, Hubin North Road, 15th Floor, Siming District, Fujian Province, Xiamen, CHN, 361013

Website

https://www.lichenzx.com

Lichen China Ltd is a holding company. The company, along with its subsidiaries provides financial and taxation solution services; education support services; and software and maintenance services. The company generates Majority revenue from Financial and taxation solution services.