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Zhejiang Meilun Elevator CoSHSE:603321 +1.59%60 Days Inventory is 113.24 as of Mar. 2026, which is 33% above its 10-year median of 85.01. GuruFocus rates SHSE:603321 with a GF Score™ of 60/100 and a GF Value™ of ¥5.18 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,966 Industrial Products companies, Zhejiang Meilun Elevator Co ranks better than 70.43% on this metric.
The historical rank and industry rank for Zhejiang Meilun Elevator Co's Days Inventory or its related term are showing as below:
SHSE:603321'
s Days Inventory Range Over the Past 10 Years
Min: 47.48 Med: 85.01 Max: 119.46
Current: 84.48
During the past 13 years, Zhejiang Meilun Elevator Co's highest Days Inventory was 119.46. The lowest was 47.48. And the median was 85.01.
SHSE:603321's Days Inventory is ranked better than 70.43% of 2966
companies
in the Industrial Products industry
Industry Median: 118.985
vs SHSE:603321: 84.48
Inventory Turnover measures how fast the company turns over its inventory within a year.
Zhejiang Meilun Elevator Co's Inventory Turnover for the
three
months ended in Mar. 2026 was 0.81.
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.
Zhejiang Meilun Elevator Co's Inventory-to-Revenue for the
three
months ended in Mar. 2026 was 0.98.
Zhejiang Meilun Elevator Co (SHSE:603321) 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.
Zhejiang Meilun Elevator Co's Inventory Turnover for the
three
months ended in Mar. 2026 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.
Zhejiang Meilun Elevator Co's Inventory to Revenue for the
three
months ended in Mar. 2026 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.
Zhejiang Meilun Elevator Co Days Inventory Related Terms
Zhejiang Meilun Elevator Co Days Inventory Historical Data
* 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.
SHSE:603321 vs GEV, ETN, PH: Days Inventory Comparison
For the Specialty Industrial Machinery subindustry, Zhejiang Meilun Elevator 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.
Zhejiang Meilun Elevator Co Days Inventory vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zhejiang Meilun Elevator Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Zhejiang Meilun Elevator Co's Days Inventory falls into.
* 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.
Zhejiang Meilun Elevator Co (SHSE:603321) has a Days Inventory of 113.24 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Zhejiang Meilun Elevator Co and its competitors. This is 33% above median its historical median of 85.01. Over the past decade, Zhejiang Meilun Elevator Co's Days Inventory has ranged from 47.48 to 119.46. According to the industry distribution chart, Zhejiang Meilun Elevator Co ranks #877 out of 2966 companies in the Industrial Products industry, placing it in the top 29.6%.
Is Zhejiang Meilun Elevator Co's Days Inventory too high?
Zhejiang Meilun Elevator Co's current Days Inventory of 113.24 is 33% above median its 10-year median of 85.01. Over the past 10 years, this metric has ranged from a low of 47.48 to a high of 119.46. The Industrial Products industry median Days Inventory is 118.99. Zhejiang Meilun Elevator Co's value of 113.24 is 4.8% below this industry median. Based on the distribution chart, Zhejiang Meilun Elevator Co ranks #877 out of 2966 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Zhejiang Meilun Elevator Co has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Meilun Elevator Co's Days Inventory compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Zhejiang Meilun Elevator Co ranks #877 out of 2966 companies for Days Inventory. This puts Zhejiang Meilun Elevator Co in the upper half of its industry. The industry median Days Inventory is 118.99. Zhejiang Meilun Elevator Co's value of 113.24 is 4.8% below this benchmark. Historically, Zhejiang Meilun Elevator Co's own Days Inventory has ranged from 47.48 to 119.46 over the past decade. While the company's 10-year median is 85.01 vs. the industry median of 118.99, Zhejiang Meilun Elevator Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for an Industrial Products company?
The median Days Inventory among Industrial Products companies is 118.99, based on 2,966 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zhejiang Meilun Elevator Co's current Days Inventory of 113.24 is 4.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Zhejiang Meilun Elevator Co and its competitors. For the Industrial Products industry, the median Days Inventory is 118.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Meilun Elevator Co's current Days Inventory is 113.24, which is 33% above median its own 10-year median of 85.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Meilun Elevator Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Meilun Elevator Co (SHSE:603321) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥5.18, compared to a current price of ¥6.39 — trading 23.4% above its estimated fair value. The current Days Inventory is 113.24, which is 33% above median its 10-year median of 85.01 and 4.8% below the Industrial Products industry median of 118.99. Zhejiang Meilun Elevator Co's overall GF Score™ is 60/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Zhejiang Meilun Elevator Co (SHSE:603321), the current Days Inventory is 113.24 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Zhejiang Meilun Elevator Co (SHSE:603321) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Meilun Elevator Co stock appears to be overvalued.
The current stock price of ¥6.39 is trading 23.4% above its estimated GF Value™ of ¥5.18.
GuruFocus considers Zhejiang Meilun Elevator Co to be Modestly Overvalued.
Key valuation signals for SHSE:603321:
Days Inventory: 113.24 (33% above median its 10-year median of 85.01)
GF Value™: ¥5.18 vs. price of ¥6.39 (23.4% above fair value)
Industry Position: 4.8% below the Industrial Products median (#877 of 2966)
No single metric tells the full story. See the SHSE:603321 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Meilun Elevator Co Ltd operates in the elevator industrial field. The company is mainly engaged in the production and sales of passenger elevators, escalators, moving walkways, and accessory parts, installation and maintenance of the whole product. The main products include passenger elevators, freight elevators, medical ladders, sightseeing ladders, escalators, automatic sidewalks, three-dimensional garages, and accessories. The products are widely used in residential areas, shopping malls, hotels, and public facilities.
60GF Score
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