Shenzhen Kiwi Instruments Co (SHSE:688045) Days Inventory : 129.95 (As of Sep. 2024)

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What is Shenzhen Kiwi Instruments Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shenzhen Kiwi Instruments Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥184.3 Mil. Shenzhen Kiwi Instruments Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥129.4 Mil. Hence, Shenzhen Kiwi Instruments Co's Days Inventory for the three months ended in Sep. 2024 was 129.95.

The historical rank and industry rank for Shenzhen Kiwi Instruments Co's Days Inventory or its related term are showing as below:

SHSE:688045' s Days Inventory Range Over the Past 10 Years
Min: 33.64 Med: 51.15 Max: 133.04
Current: 132.04

During the past 6 years, Shenzhen Kiwi Instruments Co's highest Days Inventory was 133.04. The lowest was 33.64. And the median was 51.15.

SHSE:688045's Days Inventory is ranked worse than
54.98% of 953 companies
in the Semiconductors industry
Industry Median: 122.88 vs SHSE:688045: 132.04

Shenzhen Kiwi Instruments Co's Days Inventory declined from Sep. 2023 (176.96) to Sep. 2024 (129.95).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shenzhen Kiwi Instruments Co's Inventory Turnover for the three months ended in Sep. 2024 was 0.70.

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. Shenzhen Kiwi Instruments Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.07.

Shenzhen Kiwi Instruments Co Days Inventory Historical Data

The historical data trend for Shenzhen Kiwi Instruments 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.

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Shenzhen Kiwi Instruments Co Days Inventory Chart

Shenzhen Kiwi Instruments Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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37.75

44.82

57.48

133.04

130.82

Shenzhen Kiwi Instruments Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial													176.96	131.93	141.05	111.92	129.95

Competitive Comparison of Shenzhen Kiwi Instruments Co's Days Inventory

For the Semiconductors subindustry, Shenzhen Kiwi Instruments 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.

Shenzhen Kiwi Instruments Co's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Shenzhen Kiwi Instruments Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shenzhen Kiwi Instruments Co's Days Inventory falls into.

Shenzhen Kiwi Instruments Co Days Inventory Calculation

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

Shenzhen Kiwi Instruments 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
=	( (156.816	+	160.12)	/	2 )	/	442.142	*	365
=	158.468					/	442.142	*	365
=	130.82

Shenzhen Kiwi Instruments 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
=	( (166.979	+	201.633)	/	2 )	/	129.422	*	365 / 4
=	184.306					/	129.422	*	365 / 4
=	129.95

Shenzhen Kiwi Instruments Co (SHSE:688045) 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.

Shenzhen Kiwi Instruments Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	129.422	/	184.306
	=	0.70

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.

Shenzhen Kiwi Instruments Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	184.306	/	172.672
	=	1.07

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.

Shenzhen Kiwi Instruments Co Days Inventory Related Terms

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

Shenzhen Kiwi Instruments Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shenzhen Kiwi Instruments Co Ltd (SHSE:688045) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Liuxin 4th Street, Xili Community, Xili Street, Room 3303, Block A, Building 8, Zone C, Phase III, Vanke Cloud City, Nanshan District, Guangdong Province, Shenzhen, CHN, 518052

Website

https://www.kiwiinst.com

Shenzhen Kiwi Instruments Co Ltd is engaged in the technical development, technical consultation and sales of electronic products, instrumentation, computer software, integrated circuits, domestic trade, and import and export business.

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