Suzhou Everbright Photonics Co (SHSE:688048) Days Inventory : 478.28 (As of Mar. 2024)

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What is Suzhou Everbright Photonics Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Suzhou Everbright Photonics Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥203.7 Mil. Suzhou Everbright Photonics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥38.9 Mil. Hence, Suzhou Everbright Photonics Co's Days Inventory for the three months ended in Mar. 2024 was 478.28.

The historical rank and industry rank for Suzhou Everbright Photonics Co's Days Inventory or its related term are showing as below:

SHSE:688048' s Days Inventory Range Over the Past 10 Years
Min: 182.28 Med: 231.51 Max: 471.92
Current: 471.92

During the past 6 years, Suzhou Everbright Photonics Co's highest Days Inventory was 471.92. The lowest was 182.28. And the median was 231.51.

SHSE:688048's Days Inventory is ranked worse than
93.64% of 943 companies
in the Semiconductors industry
Industry Median: 130.22 vs SHSE:688048: 471.92

Suzhou Everbright Photonics Co's Days Inventory increased from Mar. 2023 (323.42) to Mar. 2024 (478.28). It might indicate that Suzhou Everbright Photonics Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Suzhou Everbright Photonics Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.19.

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. Suzhou Everbright Photonics Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 3.88.

Suzhou Everbright Photonics Co Days Inventory Historical Data

The historical data trend for Suzhou Everbright Photonics 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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Suzhou Everbright Photonics Co Days Inventory Chart

Suzhou Everbright Photonics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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226.37

182.28

236.64

395.38

417.25

Suzhou Everbright Photonics Co Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial													323.42	652.55	437.06	379.56	478.28

Competitive Comparison of Suzhou Everbright Photonics Co's Days Inventory

For the Semiconductor Equipment & Materials subindustry, Suzhou Everbright Photonics 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.

Suzhou Everbright Photonics Co's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Suzhou Everbright Photonics Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Suzhou Everbright Photonics Co's Days Inventory falls into.

Suzhou Everbright Photonics Co Days Inventory Calculation

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

Suzhou Everbright Photonics 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
=	( (241.149	+	199.802)	/	2 )	/	192.866	*	365
=	220.4755					/	192.866	*	365
=	417.25

Suzhou Everbright Photonics 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
=	( (199.802	+	207.592)	/	2 )	/	38.863	*	365 / 4
=	203.697					/	38.863	*	365 / 4
=	478.28

Suzhou Everbright Photonics Co (SHSE:688048) 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.

Suzhou Everbright Photonics Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	38.863	/	203.697
	=	0.19

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.

Suzhou Everbright Photonics Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	203.697	/	52.487
	=	3.88

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.

Suzhou Everbright Photonics Co Days Inventory Related Terms

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

Suzhou Everbright Photonics Co (SHSE:688048) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Suzhou Everbright Photonics Co Ltd (SHSE:688048) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 189 Kunlunshan Road, Suzhou High-tech Zone, No. 2 Factory-1-102, No. 2 Factory-2-203, Zone A, Industrial Square, Science and Technology City, Suzhou, CHN, 215163

Website

http://www.everbrightphotonics.com

Suzhou Everbright Photonics Co Ltd is engaged in the research and development, manufacturing and sales of core components in the laser industry such as semiconductor laser chips, devices and modules.

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