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Shanghai Golden Bridge InfoTech Co (SHSE:603918) Days Inventory : 498.51 (As of Mar. 2024)


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What is Shanghai Golden Bridge InfoTech Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shanghai Golden Bridge InfoTech Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥235.4 Mil. Shanghai Golden Bridge InfoTech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥43.1 Mil. Hence, Shanghai Golden Bridge InfoTech Co's Days Inventory for the three months ended in Mar. 2024 was 498.51.

The historical rank and industry rank for Shanghai Golden Bridge InfoTech Co's Days Inventory or its related term are showing as below:

SHSE:603918' s Days Inventory Range Over the Past 10 Years
Min: 61.18   Med: 133.09   Max: 200.92
Current: 155.82

During the past 13 years, Shanghai Golden Bridge InfoTech Co's highest Days Inventory was 200.92. The lowest was 61.18. And the median was 133.09.

SHSE:603918's Days Inventory is ranked worse than
86.89% of 1564 companies
in the Software industry
Industry Median: 19.725 vs SHSE:603918: 155.82

Shanghai Golden Bridge InfoTech Co's Days Inventory increased from Mar. 2023 (190.60) to Mar. 2024 (498.51). It might indicate that Shanghai Golden Bridge InfoTech Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanghai Golden Bridge InfoTech Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.18.

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 Golden Bridge InfoTech Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 3.82.


Shanghai Golden Bridge InfoTech Co Days Inventory Historical Data

The historical data trend for Shanghai Golden Bridge InfoTech 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.

Shanghai Golden Bridge InfoTech Co Days Inventory Chart

Shanghai Golden Bridge InfoTech 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 191.53 200.92 157.95 165.84 127.36

Shanghai Golden Bridge InfoTech 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 190.60 143.19 161.88 92.35 498.51

Competitive Comparison of Shanghai Golden Bridge InfoTech Co's Days Inventory

For the Information Technology Services subindustry, Shanghai Golden Bridge InfoTech 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 Golden Bridge InfoTech Co's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Shanghai Golden Bridge InfoTech Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shanghai Golden Bridge InfoTech Co's Days Inventory falls into.



Shanghai Golden Bridge InfoTech Co Days Inventory Calculation

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

Shanghai Golden Bridge InfoTech 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
=( (239.933 + 210.194) / 2 ) / 644.995*365
=225.0635 / 644.995*365
=127.36

Shanghai Golden Bridge InfoTech 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
=( (210.194 + 260.531) / 2 ) / 43.082*365 / 4
=235.3625 / 43.082*365 / 4
=498.51

* 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.


Shanghai Golden Bridge InfoTech Co  (SHSE:603918) 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 Golden Bridge InfoTech 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.

Shanghai Golden Bridge InfoTech 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.


Shanghai Golden Bridge InfoTech Co Days Inventory Related Terms

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Shanghai Golden Bridge InfoTech Co (SHSE:603918) Business Description

Traded in Other Exchanges
N/A
Address
Gem park, 487 Tianlin Road, Building 25, 24th Floor, Xuhui District, Shanghai, CHN, 200233
Shanghai Golden Bridge InfoTech Co Ltd is a China-based provider of multimedia information systems industry application solutions and services. The Company's products include multimedia conferencing systems, emergency command centers, science, and technology court system.

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