Lenovo Group (Lenovo Group) Days Inventory : 43.08 (As of Dec. 2023)

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What is Lenovo Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Lenovo Group's Average Total Inventories for the three months ended in Dec. 2023 was $6,194 Mil. Lenovo Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $13,120 Mil. Hence, Lenovo Group's Days Inventory for the three months ended in Dec. 2023 was 43.08.

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

LNVGY' s Days Inventory Range Over the Past 10 Years
Min: 25.31 Med: 30.41 Max: 51.95
Current: 50.83

During the past 13 years, Lenovo Group's highest Days Inventory was 51.95. The lowest was 25.31. And the median was 30.41.

LNVGY's Days Inventory is ranked better than
81.84% of 2407 companies
in the Hardware industry
Industry Median: 103.77 vs LNVGY: 50.83

Lenovo Group's Days Inventory declined from Dec. 2022 (57.40) to Dec. 2023 (43.08).

Inventory Turnover measures how fast the company turns over its inventory within a year. Lenovo Group's Inventory Turnover for the three months ended in Dec. 2023 was 2.12.

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. Lenovo Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.39.

Lenovo Group Days Inventory Historical Data

The historical data trend for Lenovo 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.

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Lenovo Group Days Inventory Chart

Lenovo Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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30.20

36.11

40.55

44.98

52.05

Lenovo Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															57.40	60.33	52.61	46.35	43.08

Competitive Comparison of Lenovo Group's Days Inventory

For the Computer Hardware subindustry, Lenovo 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.

Lenovo Group's Days Inventory Distribution in the Hardware Industry

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

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

Lenovo Group Days Inventory Calculation

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

Lenovo Group's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (8300.658	+	6371.858)	/	2 )	/	51445.762	*	365
=	7336.258					/	51445.762	*	365
=	52.05

Lenovo Group'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (6169.642	+	6218.91)	/	2 )	/	13119.563	*	365 / 4
=	6194.276					/	13119.563	*	365 / 4
=	43.08

Lenovo Group (OTCPK:LNVGY) 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.

Lenovo Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13119.563	/	6194.276
	=	2.12

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.

Lenovo Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6194.276	/	15720.954
	=	0.39

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.

Lenovo Group Days Inventory Related Terms

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

Lenovo Group (Lenovo Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lenovo Group Ltd (OTCPK:LNVGY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

LNVGF:USA 00992:Hong Kong LHL:Germany

Address

979 King's Road, 23rd Floor, Lincoln House, Taikoo Place, Quarry Bay, Hong Kong, HKG

Website

https://www.lenovo.com

Lenovo is a global technology hardware company with a leading market share in personal computers. Its operations are divided into three main business segments: PC and smart devices, mobile, and data center, which we expect to account for 55%, 11%, and 19% of sales in the midterm, respectively. The firm has been actively growing its data center business, which primarily sells network servers to enterprise and hyperscale customers, as well as storage equipment through its mainland China joint venture with NetApp. Server-related revenue contribution has jumped to 16% of overall sales in fiscal 2022, from 6% in 2015.