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Jiangsu Etern Co (SHSE:600105) Days Inventory : 96.70 (As of Mar. 2024)


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What is Jiangsu Etern Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiangsu Etern Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥715 Mil. Jiangsu Etern Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥675 Mil. Hence, Jiangsu Etern Co's Days Inventory for the three months ended in Mar. 2024 was 96.70.

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

SHSE:600105' s Days Inventory Range Over the Past 10 Years
Min: 48.61   Med: 61.13   Max: 89.75
Current: 70.12

During the past 13 years, Jiangsu Etern Co's highest Days Inventory was 89.75. The lowest was 48.61. And the median was 61.13.

SHSE:600105's Days Inventory is ranked better than
72.5% of 2407 companies
in the Hardware industry
Industry Median: 103.77 vs SHSE:600105: 70.12

Jiangsu Etern Co's Days Inventory increased from Mar. 2023 (69.22) to Mar. 2024 (96.70). It might indicate that Jiangsu Etern Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiangsu Etern Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.94.

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. Jiangsu Etern Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.88.


Jiangsu Etern Co Days Inventory Historical Data

The historical data trend for Jiangsu Etern 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.

Jiangsu Etern Co Days Inventory Chart

Jiangsu Etern Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 73.51 50.76 54.82 58.79 65.58

Jiangsu Etern Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 69.22 67.87 69.08 56.73 96.70

Competitive Comparison of Jiangsu Etern Co's Days Inventory

For the Communication Equipment subindustry, Jiangsu Etern 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.


Jiangsu Etern Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jiangsu Etern Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jiangsu Etern Co's Days Inventory falls into.



Jiangsu Etern Co Days Inventory Calculation

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

Jiangsu Etern 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
=( (591.225 + 699.585) / 2 ) / 3592.334*365
=645.405 / 3592.334*365
=65.58

Jiangsu Etern Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (699.585 + 730.716) / 2 ) / 674.819*365 / 4
=715.1505 / 674.819*365 / 4
=96.70

* 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.


Jiangsu Etern Co  (SHSE:600105) 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.

Jiangsu Etern Co's Inventory Turnover for the three months ended in Mar. 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.

Jiangsu Etern Co's Inventory to Revenue for the three months ended in Mar. 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.


Jiangsu Etern Co Days Inventory Related Terms

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


Jiangsu Etern Co (SHSE:600105) Business Description

Traded in Other Exchanges
N/A
Address
Fenhu Economic Development Zone, Luxu Town, Wujiang, Jiangsu, CHN, 215211
Jiangsu Etern Co Ltd is a China-based company operating in the communication industry. It is engaged in providing optical fiber optic cable, wires, and cables, special optical cable, optical devices, communication devices and equipment, communication large data and engineering services, system integration solutions in the communications industry chain.

Jiangsu Etern Co (SHSE:600105) Headlines

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