The historical rank and industry rank for Hangzhou XZB Tech Co's Days Inventory or its related term are showing as below:
SHSE:603040'
s Days Inventory Range Over the Past 10 Years
Min: 133.28 Med: 202.27 Max: 278.04
Current: 187.64
During the past 13 years, Hangzhou XZB Tech Co's highest Days Inventory was 278.04. The lowest was 133.28. And the median was 202.27.
SHSE:603040's Days Inventory is ranked worse than 89.78% of 1272
companies
in the Vehicles & Parts industry
Industry Median: 80.975
vs SHSE:603040: 187.64
Hangzhou XZB Tech Co's Days Inventory
declined
from Sep. 2023 (206.91) to Sep. 2024 (189.35).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Hangzhou XZB Tech Co's Inventory Turnover for the
three
months ended in Sep. 2024 was 0.48.
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.
Hangzhou XZB Tech Co's Inventory-to-Revenue for the
three
months ended in Sep. 2024 was 0.99.
Hangzhou XZB Tech Co Days Inventory Historical Data
The historical data trend for Hangzhou XZB Tech 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.
Competitive Comparison of Hangzhou XZB Tech Co's Days Inventory
For the Auto Parts subindustry, Hangzhou XZB Tech 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.
Hangzhou XZB Tech Co's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Hangzhou XZB Tech Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Hangzhou XZB Tech Co's Days Inventory falls into.
Hangzhou XZB Tech Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Hangzhou XZB Tech Co's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Hangzhou XZB Tech Co (SHSE:603040) 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.
Hangzhou XZB Tech Co's Inventory Turnover for the
three
months ended in Sep. 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.
Hangzhou XZB Tech Co's Inventory to Revenue for the
three
months ended in Sep. 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.
Hangzhou XZB Tech Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Hangzhou XZB Tech Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Hangzhou XZB Tech Co Ltd is a China based company engaged in the research and development of valve train systems and parts manufacturing in car industry. The products offered by the company includes valve cotters (collets), valve spring retainers, hydraulic lash adjusters and finger followers, push rods and tappets for heavy-duty diesel engines. In addition, the company also produces precision cold-forming components together with good service for power tools, household electrical appliance, aerospace, machinery, and other applications.
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