Jiangsu Wanlin Modern Logistics Co (SHSE:603117) Days Inventory : 4.32 (As of Sep. 2024)

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What is Jiangsu Wanlin Modern Logistics Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiangsu Wanlin Modern Logistics Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥2.1 Mil. Jiangsu Wanlin Modern Logistics Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥44.4 Mil. Hence, Jiangsu Wanlin Modern Logistics Co's Days Inventory for the three months ended in Sep. 2024 was 4.32.

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

SHSE:603117' s Days Inventory Range Over the Past 10 Years
Min: 2.36 Med: 61.59 Max: 132.27
Current: 4.16

During the past 13 years, Jiangsu Wanlin Modern Logistics Co's highest Days Inventory was 132.27. The lowest was 2.36. And the median was 61.59.

SHSE:603117's Days Inventory is ranked better than
74.58% of 767 companies
in the Transportation industry
Industry Median: 11.97 vs SHSE:603117: 4.16

Jiangsu Wanlin Modern Logistics Co's Days Inventory increased from Sep. 2023 (2.78) to Sep. 2024 (4.32). It might indicate that Jiangsu Wanlin Modern Logistics Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiangsu Wanlin Modern Logistics Co's Inventory Turnover for the three months ended in Sep. 2024 was 21.10.

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 Wanlin Modern Logistics Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.03.

Jiangsu Wanlin Modern Logistics Co Days Inventory Historical Data

The historical data trend for Jiangsu Wanlin Modern Logistics 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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Jiangsu Wanlin Modern Logistics Co Days Inventory Chart

Jiangsu Wanlin Modern Logistics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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91.05

132.27

128.12

93.07

54.24

Jiangsu Wanlin Modern Logistics Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															2.78	4.62	4.08	3.79	4.32

Competitive Comparison of Jiangsu Wanlin Modern Logistics Co's Days Inventory

For the Marine Shipping subindustry, Jiangsu Wanlin Modern Logistics 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 Wanlin Modern Logistics Co's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jiangsu Wanlin Modern Logistics Co's Days Inventory distribution charts can be found below:

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

Jiangsu Wanlin Modern Logistics Co Days Inventory Calculation

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

Jiangsu Wanlin Modern Logistics 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
=	( (83.205	+	2.015)	/	2 )	/	286.751	*	365
=	42.61					/	286.751	*	365
=	54.24

Jiangsu Wanlin Modern Logistics Co's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (2.154	+	2.055)	/	2 )	/	44.414	*	365 / 4
=	2.1045					/	44.414	*	365 / 4
=	4.32

Jiangsu Wanlin Modern Logistics Co (SHSE:603117) 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 Wanlin Modern Logistics Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	44.414	/	2.1045
	=	21.10

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 Wanlin Modern Logistics Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.1045	/	67.467
	=	0.03

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 Wanlin Modern Logistics Co Days Inventory Related Terms

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

Jiangsu Wanlin Modern Logistics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jiangsu Wanlin Modern Logistics Co Ltd (SHSE:603117) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No.68 Renmin Middle Road, Block A, Block B, 8th Floor, International Trade Center, Jiangsu Province, Jingjiang, CHN, 214500

Website

http://www.china-wanlin.com

Jiangsu Wanlin Modern Logistics Co Ltd is a logistics enterprise. It operates a wood agency procurement business from the Far East, North America, Africa, and South America. Its provide comprehensive logistics services for many timber industry enterprises including agent procurement, shipping agency, freight forwarding, port loading and unloading, warehousing and distribution, cargo loading, wood processing, logistics information and other services. It provides domestic and international shipping agency service.

Executives

Fan Ji Bo	Director
Yu Jin Song	Director
Hao Jian Bin	Director
Wu Jiang Yu	Director
Huang Zhi Hua	Director
Shen Jian Wen	Director
Sun Yu Feng	Director
Huang Bao Zhong	Director

Jiangsu Wanlin Modern Logistics Co Headlines

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