Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) Days Inventory : 72.19 (As of Jun. 2024)

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What is Shanghai Automobile Air-Conditioner Accessories Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shanghai Automobile Air-Conditioner Accessories Co's Average Total Inventories for the three months ended in Jun. 2024 was ¥348 Mil. Shanghai Automobile Air-Conditioner Accessories Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥439 Mil. Hence, Shanghai Automobile Air-Conditioner Accessories Co's Days Inventory for the three months ended in Jun. 2024 was 72.19.

The historical rank and industry rank for Shanghai Automobile Air-Conditioner Accessories Co's Days Inventory or its related term are showing as below:

SHSE:603107' s Days Inventory Range Over the Past 10 Years
Min: 43.28 Med: 57.41 Max: 66.56
Current: 66.56

During the past 7 years, Shanghai Automobile Air-Conditioner Accessories Co's highest Days Inventory was 66.56. The lowest was 43.28. And the median was 57.41.

SHSE:603107's Days Inventory is ranked better than
61.34% of 1270 companies
in the Vehicles & Parts industry
Industry Median: 80.115 vs SHSE:603107: 66.56

Shanghai Automobile Air-Conditioner Accessories Co's Days Inventory increased from Jun. 2023 (58.68) to Jun. 2024 (72.19). It might indicate that Shanghai Automobile Air-Conditioner Accessories Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanghai Automobile Air-Conditioner Accessories Co's Inventory Turnover for the three months ended in Jun. 2024 was 1.26.

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. Shanghai Automobile Air-Conditioner Accessories Co's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.62.

Shanghai Automobile Air-Conditioner Accessories Co Days Inventory Historical Data

The historical data trend for Shanghai Automobile Air-Conditioner Accessories 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.

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Shanghai Automobile Air-Conditioner Accessories Co Days Inventory Chart

Shanghai Automobile Air-Conditioner Accessories Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

55.86

61.39

57.41

61.11

63.44

Shanghai Automobile Air-Conditioner Accessories Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Inventory	Get a 7-Day Free Trial										58.68	59.21	60.30	78.62	72.19

Competitive Comparison of Shanghai Automobile Air-Conditioner Accessories Co's Days Inventory

For the Auto Parts subindustry, Shanghai Automobile Air-Conditioner Accessories 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.

Shanghai Automobile Air-Conditioner Accessories Co's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shanghai Automobile Air-Conditioner Accessories Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shanghai Automobile Air-Conditioner Accessories Co's Days Inventory falls into.

Shanghai Automobile Air-Conditioner Accessories Co Days Inventory Calculation

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

Shanghai Automobile Air-Conditioner Accessories 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
=	( (236.824	+	288.835)	/	2 )	/	1512.178	*	365
=	262.8295					/	1512.178	*	365
=	63.44

Shanghai Automobile Air-Conditioner Accessories Co'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: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (355.172	+	339.884)	/	2 )	/	439.314	*	365 / 4
=	347.528					/	439.314	*	365 / 4
=	72.19

Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) 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.

Shanghai Automobile Air-Conditioner Accessories Co's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	439.314	/	347.528
	=	1.26

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.

Shanghai Automobile Air-Conditioner Accessories Co's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	347.528	/	560.08
	=	0.62

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.

Shanghai Automobile Air-Conditioner Accessories Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Shanghai Automobile Air-Conditioner Accessories Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Automobile Air-Conditioner Accessories Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Automobile Air-Conditioner Accessories Co Ltd (SHSE:603107) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1188, Lianxi Road, Pudong New Area, Shanghai, CHN, 201204

Website

Shanghai Automobile Air-Conditioner Accessories Co Ltd is engaged in research & development, production and sales of automobile parts such as air conditioning pipes and fuel distribution pipes.

Shanghai Automobile Air-Conditioner Accessories Co Headlines

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