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Ningbo Water Meter (Group) Co (SHSE:603700) Days Inventory : 188.24 (As of Mar. 2024)


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What is Ningbo Water Meter (Group) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ningbo Water Meter (Group) Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥362 Mil. Ningbo Water Meter (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥175 Mil. Hence, Ningbo Water Meter (Group) Co's Days Inventory for the three months ended in Mar. 2024 was 188.24.

The historical rank and industry rank for Ningbo Water Meter (Group) Co's Days Inventory or its related term are showing as below:

SHSE:603700' s Days Inventory Range Over the Past 10 Years
Min: 54.37   Med: 96.45   Max: 125.45
Current: 120.1

During the past 11 years, Ningbo Water Meter (Group) Co's highest Days Inventory was 125.45. The lowest was 54.37. And the median was 96.45.

SHSE:603700's Days Inventory is ranked better than
50.59% of 2898 companies
in the Industrial Products industry
Industry Median: 121.615 vs SHSE:603700: 120.10

Ningbo Water Meter (Group) Co's Days Inventory increased from Mar. 2023 (164.86) to Mar. 2024 (188.24). It might indicate that Ningbo Water Meter (Group) Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ningbo Water Meter (Group) Co's Inventory Turnover for the three months ended in Mar. 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. Ningbo Water Meter (Group) Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.44.


Ningbo Water Meter (Group) Co Days Inventory Historical Data

The historical data trend for Ningbo Water Meter (Group) 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.

Ningbo Water Meter (Group) Co Days Inventory Chart

Ningbo Water Meter (Group) 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 102.29 105.26 101.02 125.45 109.22

Ningbo Water Meter (Group) Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 164.86 108.72 124.46 94.15 188.24

Competitive Comparison of Ningbo Water Meter (Group) Co's Days Inventory

For the Electrical Equipment & Parts subindustry, Ningbo Water Meter (Group) 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.


Ningbo Water Meter (Group) Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbo Water Meter (Group) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ningbo Water Meter (Group) Co's Days Inventory falls into.



Ningbo Water Meter (Group) Co Days Inventory Calculation

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

Ningbo Water Meter (Group) 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
=( (424.492 + 339.092) / 2 ) / 1275.866*365
=381.792 / 1275.866*365
=109.22

Ningbo Water Meter (Group) Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (339.092 + 384.349) / 2 ) / 175.344*365 / 4
=361.7205 / 175.344*365 / 4
=188.24

* 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.


Ningbo Water Meter (Group) Co  (SHSE:603700) 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.

Ningbo Water Meter (Group) Co's Inventory Turnover for the three months ended in Mar. 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.

Ningbo Water Meter (Group) Co's Inventory to Revenue for the three months ended in Mar. 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.


Ningbo Water Meter (Group) Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Ningbo Water Meter (Group) Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Ningbo Water Meter (Group) Co (SHSE:603700) Business Description

Traded in Other Exchanges
N/A
Address
No. 355, Hongxing Road, Jiangbei District, Ningbo, CHN, 315032
Ningbo Water Meter (Group) Co Ltd is engaged in manufacturing water meters. The product portfolio includes liquid sealed water meters, volumetric rotary piston water meter, manual batch control water meter, multi-jet dry type water meter and others.
Executives
Xu Yun Director
Wang Kai Ta Director
Zhang Shi Hao Director
Wang Zong Hui Director
Chen Xiang Supervisors
Zhang Lin Director
Lin Qi Supervisors
Chen Hai Hua Supervisors
Xu Da Wei senior management
Zhao Shao Man Director

Ningbo Water Meter (Group) Co (SHSE:603700) Headlines

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