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Chongqing Xishan Science and Technology Co (SHSE:688576) Days Inventory : 254.73 (As of Mar. 2024)


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What is Chongqing Xishan Science and Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chongqing Xishan Science and Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥60.6 Mil. Chongqing Xishan Science and Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥21.7 Mil. Hence, Chongqing Xishan Science and Technology Co's Days Inventory for the three months ended in Mar. 2024 was 254.73.

The historical rank and industry rank for Chongqing Xishan Science and Technology Co's Days Inventory or its related term are showing as below:

SHSE:688576' s Days Inventory Range Over the Past 10 Years
Min: 204.06   Med: 309.22   Max: 553.08
Current: 205.96

During the past 7 years, Chongqing Xishan Science and Technology Co's highest Days Inventory was 553.08. The lowest was 204.06. And the median was 309.22.

SHSE:688576's Days Inventory is ranked worse than
54.22% of 771 companies
in the Medical Devices & Instruments industry
Industry Median: 192.74 vs SHSE:688576: 205.96

Chongqing Xishan Science and Technology Co's Days Inventory declined from Mar. 2023 (274.12) to Mar. 2024 (254.73).

Inventory Turnover measures how fast the company turns over its inventory within a year. Chongqing Xishan Science and Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.36.

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. Chongqing Xishan Science and Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.82.


Chongqing Xishan Science and Technology Co Days Inventory Historical Data

The historical data trend for Chongqing Xishan Science and Technology 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.

Chongqing Xishan Science and Technology Co Days Inventory Chart

Chongqing Xishan Science and Technology Co Annual Data
Trend Dec13 Dec14 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 338.34 309.22 247.75 249.81 204.06

Chongqing Xishan Science and Technology Co Quarterly Data
Dec13 Dec14 Dec19 Dec20 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 274.12 223.02 309.12 130.64 254.73

Competitive Comparison of Chongqing Xishan Science and Technology Co's Days Inventory

For the Medical Instruments & Supplies subindustry, Chongqing Xishan Science and Technology 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.


Chongqing Xishan Science and Technology Co's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Chongqing Xishan Science and Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chongqing Xishan Science and Technology Co's Days Inventory falls into.



Chongqing Xishan Science and Technology Co Days Inventory Calculation

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

Chongqing Xishan Science and Technology 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
=( (62.727 + 59.507) / 2 ) / 109.32*365
=61.117 / 109.32*365
=204.06

Chongqing Xishan Science and Technology 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
=( (59.507 + 61.774) / 2 ) / 21.723*365 / 4
=60.6405 / 21.723*365 / 4
=254.73

* 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.


Chongqing Xishan Science and Technology Co  (SHSE:688576) 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.

Chongqing Xishan Science and Technology 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.

Chongqing Xishan Science and Technology 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.


Chongqing Xishan Science and Technology Co Days Inventory Related Terms

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Chongqing Xishan Science and Technology Co (SHSE:688576) Business Description

Traded in Other Exchanges
N/A
Address
No. 9, Middle Section of Huangshan Avenue, Jupiter Science and Technology Development Center, High-tech Park, North New District, Chongqing, CHN, 401121
Chongqing Xishan Science and Technology Co Ltd focuses on surgical instruments, especially in the field of minimally invasive surgical instruments. It is mainly engaged in the research, development, production and sales of minimally invasive surgical instruments. Speculum, energy surgery equipment and other products, currently the products are mainly used in neurosurgery, ENT, orthopedics, breast surgery and other clinical departments. The company's main products are surgical power units, consumables and accessories, which are mainly used for cutting, grinding, planing, sawing, milling and trimming of bone tissue and soft tissue in surgical operations, especially minimally invasive surgical operations.

Chongqing Xishan Science and Technology Co (SHSE:688576) Headlines

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