Beijing Worldia Diamond Tools Co (SHSE:688028) Days Inventory : 270.18 (As of Sep. 2024)

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What is Beijing Worldia Diamond Tools Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Beijing Worldia Diamond Tools Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥302.8 Mil. Beijing Worldia Diamond Tools Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥102.3 Mil. Hence, Beijing Worldia Diamond Tools Co's Days Inventory for the three months ended in Sep. 2024 was 270.18.

The historical rank and industry rank for Beijing Worldia Diamond Tools Co's Days Inventory or its related term are showing as below:

SHSE:688028' s Days Inventory Range Over the Past 10 Years
Min: 132.6 Med: 166.36 Max: 284.82
Current: 284.82

During the past 8 years, Beijing Worldia Diamond Tools Co's highest Days Inventory was 284.82. The lowest was 132.60. And the median was 166.36.

SHSE:688028's Days Inventory is ranked worse than
88.15% of 2921 companies
in the Industrial Products industry
Industry Median: 121.56 vs SHSE:688028: 284.82

Beijing Worldia Diamond Tools Co's Days Inventory increased from Sep. 2023 (244.51) to Sep. 2024 (270.18). It might indicate that Beijing Worldia Diamond Tools Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Beijing Worldia Diamond Tools Co's Inventory Turnover for the three months ended in Sep. 2024 was 0.34.

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. Beijing Worldia Diamond Tools Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.69.

Beijing Worldia Diamond Tools Co Days Inventory Historical Data

The historical data trend for Beijing Worldia Diamond Tools 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.

Beijing Worldia Diamond Tools Co Days Inventory Chart

Beijing Worldia Diamond Tools Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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132.60

155.03

177.68

237.57

255.63

Beijing Worldia Diamond Tools 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															244.51	252.97	320.54	305.69	270.18

Competitive Comparison of Beijing Worldia Diamond Tools Co's Days Inventory

For the Tools & Accessories subindustry, Beijing Worldia Diamond Tools 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.

Beijing Worldia Diamond Tools Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Beijing Worldia Diamond Tools Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Beijing Worldia Diamond Tools Co's Days Inventory falls into.

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Beijing Worldia Diamond Tools Co Days Inventory Calculation

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

Beijing Worldia Diamond Tools 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
=	( (191.274	+	272.262)	/	2 )	/	330.933	*	365
=	231.768					/	330.933	*	365
=	255.63

Beijing Worldia Diamond Tools 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
=	( (303.525	+	302.059)	/	2 )	/	102.263	*	365 / 4
=	302.792					/	102.263	*	365 / 4
=	270.18

Beijing Worldia Diamond Tools Co (SHSE:688028) 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.

Beijing Worldia Diamond Tools Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	102.263	/	302.792
	=	0.34

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.

Beijing Worldia Diamond Tools Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	302.792	/	178.725
	=	1.69

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.

Beijing Worldia Diamond Tools Co Days Inventory Related Terms

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

Beijing Worldia Diamond Tools Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing Worldia Diamond Tools Co Ltd (SHSE:688028) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Jiuxianqiao East Road, Room H-03, 5th Floor, 7-12, Building 7, Chaoyang District, Beijing, CHN, 065300

Website

http://www.worldiatools.com

Beijing Worldia Diamond Tools Co Ltd is engaged in the research and development, production, sales and service of high precision diamond cutting tools. Th company's product catalogue mainly covers high precision cutting tools, diamond scribing wheels and related accessories. The cutting tools offered by the company are widely applied in automotive, electronic, new energy, and other industries.

Executives

Sun Xue Yuan	Supervisors
Zhang Zong Chao	Directors, senior managers, core technical personn
Fan Xiao Yan	Director
Chen Ji Feng	Directors, senior managers, core technical personn
Xu Wei	senior management
Chen Huan Chao	senior management
Tang Wen Lin	Directors, senior managers, core technical personn
Liu Chun Lan	Supervisors
Tian Yu	Director
Li Shu Hui	Director

Beijing Worldia Diamond Tools Co Headlines

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