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Noblelift Intelligent Equipment Co (SHSE:603611) Days Inventory : 243.22 (As of Sep. 2024)


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What is Noblelift Intelligent Equipment Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Noblelift Intelligent Equipment Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥3,292 Mil. Noblelift Intelligent Equipment Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥1,235 Mil. Hence, Noblelift Intelligent Equipment Co's Days Inventory for the three months ended in Sep. 2024 was 243.22.

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

SHSE:603611' s Days Inventory Range Over the Past 10 Years
Min: 65.44   Med: 145.43   Max: 240.46
Current: 240.46

During the past 13 years, Noblelift Intelligent Equipment Co's highest Days Inventory was 240.46. The lowest was 65.44. And the median was 145.43.

SHSE:603611's Days Inventory is ranked worse than
81.95% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 137.74 vs SHSE:603611: 240.46

Noblelift Intelligent Equipment Co's Days Inventory increased from Sep. 2023 (195.03) to Sep. 2024 (243.22). It might indicate that Noblelift Intelligent Equipment Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Noblelift Intelligent Equipment Co's Inventory Turnover for the three months ended in Sep. 2024 was 0.38.

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. Noblelift Intelligent Equipment Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.97.


Noblelift Intelligent Equipment Co Days Inventory Historical Data

The historical data trend for Noblelift Intelligent Equipment 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.

Noblelift Intelligent Equipment Co Days Inventory Chart

Noblelift Intelligent Equipment 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 176.37 181.87 151.91 193.45 234.36

Noblelift Intelligent Equipment 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 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 195.03 262.98 233.63 231.24 243.22

Competitive Comparison of Noblelift Intelligent Equipment Co's Days Inventory

For the Farm & Heavy Construction Machinery subindustry, Noblelift Intelligent Equipment 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.


Noblelift Intelligent Equipment Co's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Noblelift Intelligent Equipment Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Noblelift Intelligent Equipment Co's Days Inventory falls into.


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Noblelift Intelligent Equipment Co Days Inventory Calculation

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

Noblelift Intelligent Equipment 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
=( (3361.753 + 3592.895) / 2 ) / 5415.773*365
=3477.324 / 5415.773*365
=234.36

Noblelift Intelligent Equipment 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
=( (3366.915 + 3216.333) / 2 ) / 1234.956*365 / 4
=3291.624 / 1234.956*365 / 4
=243.22

* 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.


Noblelift Intelligent Equipment Co  (SHSE:603611) 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.

Noblelift Intelligent Equipment 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.

Noblelift Intelligent Equipment 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.


Noblelift Intelligent Equipment Co Days Inventory Related Terms

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


Noblelift Intelligent Equipment Co Business Description

Traded in Other Exchanges
N/A
Address
No.528, Jing Yi Road, Economic Development Zone, Changxing, Zhejiang, CHN, 313100
Noblelift Intelligent Equipment Co Ltd manufacturers that joined the industrial equipment. It is mainly engaged in the research, production, and sales of light industrial trucks and electric storage vehicles. The company's products and services include Hand pallet trucks, Industrial products, Forklift, Reach truck, Electric Stacker, After sales services, and others. Its products are used in manufacturing, logistics, construction, military systems, the textile industry, chemical industry, metallurgy industry, energy industry, and many other industries.
Executives
Liu Yun Hua senior management
Ding Cheng Director
Zhong Suo Ming Director
Zhang Ke Director
Zheng Wen Ming Supervisors
Ding Yi Director
Zhou Xue Jun Director
Liu Guang Sheng senior management
Wang Xin Hua Director
Liu Hong Jun senior management
Su Lin senior management
Mao Ying Director
Ding Yun Lu Director
Wang Zhi Jun Supervisors
Wang Jian Ming Supervisors

Noblelift Intelligent Equipment Co Headlines

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