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Shenzhen GuoHua Network Security Technology Co (SZSE:000004) Days Inventory : 41.32 (As of Mar. 2024)


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What is Shenzhen GuoHua Network Security Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shenzhen GuoHua Network Security Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1.2 Mil. Shenzhen GuoHua Network Security Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2.7 Mil. Hence, Shenzhen GuoHua Network Security Technology Co's Days Inventory for the three months ended in Mar. 2024 was 41.32.

The historical rank and industry rank for Shenzhen GuoHua Network Security Technology Co's Days Inventory or its related term are showing as below:

SZSE:000004' s Days Inventory Range Over the Past 10 Years
Min: 9.03   Med: 75.17   Max: 1038.68
Current: 10.51

During the past 13 years, Shenzhen GuoHua Network Security Technology Co's highest Days Inventory was 1038.68. The lowest was 9.03. And the median was 75.17.

SZSE:000004's Days Inventory is ranked better than
96.79% of 654 companies
in the Biotechnology industry
Industry Median: 192.63 vs SZSE:000004: 10.51

Shenzhen GuoHua Network Security Technology Co's Days Inventory increased from Mar. 2023 (12.62) to Mar. 2024 (41.32). It might indicate that Shenzhen GuoHua Network Security Technology Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shenzhen GuoHua Network Security Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 2.21.

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 GuoHua Network Security Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.08.


Shenzhen GuoHua Network Security Technology Co Days Inventory Historical Data

The historical data trend for Shenzhen GuoHua Network Security 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.

Shenzhen GuoHua Network Security Technology Co Days Inventory Chart

Shenzhen GuoHua Network Security Technology 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 - 25.87 36.68 38.07 9.03

Shenzhen GuoHua Network Security Technology 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 12.62 28.80 10.99 4.23 41.32

Competitive Comparison of Shenzhen GuoHua Network Security Technology Co's Days Inventory

For the Biotechnology subindustry, Shenzhen GuoHua Network Security 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.


Shenzhen GuoHua Network Security Technology Co's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Shenzhen GuoHua Network Security Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shenzhen GuoHua Network Security Technology Co's Days Inventory falls into.



Shenzhen GuoHua Network Security Technology Co Days Inventory Calculation

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

Shenzhen GuoHua Network Security 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
=( (1.15 + 1.16) / 2 ) / 46.661*365
=1.155 / 46.661*365
=9.03

Shenzhen GuoHua Network Security 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
=( (1.16 + 1.281) / 2 ) / 2.695*365 / 4
=1.2205 / 2.695*365 / 4
=41.32

* 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.


Shenzhen GuoHua Network Security Technology Co  (SZSE:000004) 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 GuoHua Network Security 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.

Shenzhen GuoHua Network Security 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.


Shenzhen GuoHua Network Security Technology Co Days Inventory Related Terms

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Shenzhen GuoHua Network Security Technology Co (SZSE:000004) Business Description

Traded in Other Exchanges
N/A
Address
No.126, Zhongkang Road, Meilin Street, B2206A, Zhuoyuehui, Zhuoyuehui, Meidu Community, Futian District, Guangdong, Shenzhen, CHN, 518049
Website
Shenzhen GuoHua Network Security Technology Co Ltd formerly known as Shenzhen Cau Technology Co Ltd is principally engaged in the R&D and manufacturing of biological drugs, as well as mobile internet gaming business.
Executives
Li Lin Lin Directors, executives
Xu Wen Su Directors, executives
Tang Yin Ping Supervisors
Jiang Yu Ming Director
Zhang Hua Director, within half a year of separation

Shenzhen GuoHua Network Security Technology Co (SZSE:000004) Headlines

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