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ZJBC Information Technology Co (SZSE:000889) Days Inventory : 7.80 (As of Sep. 2024)


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What is ZJBC Information Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ZJBC Information Technology Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥30 Mil. ZJBC Information Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥347 Mil. Hence, ZJBC Information Technology Co's Days Inventory for the three months ended in Sep. 2024 was 7.80.

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

SZSE:000889' s Days Inventory Range Over the Past 10 Years
Min: 0.98   Med: 6.91   Max: 141.59
Current: 10.35

During the past 13 years, ZJBC Information Technology Co's highest Days Inventory was 141.59. The lowest was 0.98. And the median was 6.91.

SZSE:000889's Days Inventory is ranked better than
61.98% of 1594 companies
in the Software industry
Industry Median: 20.035 vs SZSE:000889: 10.35

ZJBC Information Technology Co's Days Inventory declined from Sep. 2023 (13.73) to Sep. 2024 (7.80).

Inventory Turnover measures how fast the company turns over its inventory within a year. ZJBC Information Technology Co's Inventory Turnover for the three months ended in Sep. 2024 was 11.69.

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. ZJBC Information Technology Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.08.


ZJBC Information Technology Co Days Inventory Historical Data

The historical data trend for ZJBC Information 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.

ZJBC Information Technology Co Days Inventory Chart

ZJBC Information 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 5.36 4.99 8.45 13.87 12.50

ZJBC Information Technology 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 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 13.73 11.90 10.80 10.79 7.80

Competitive Comparison of ZJBC Information Technology Co's Days Inventory

For the Information Technology Services subindustry, ZJBC Information 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.


ZJBC Information Technology Co's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, ZJBC Information Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where ZJBC Information Technology Co's Days Inventory falls into.


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ZJBC Information Technology Co Days Inventory Calculation

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

ZJBC Information 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
=( (50.454 + 38.7) / 2 ) / 1301.459*365
=44.577 / 1301.459*365
=12.50

ZJBC Information Technology 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
=( (33.399 + 25.928) / 2 ) / 346.887*365 / 4
=29.6635 / 346.887*365 / 4
=7.80

* 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.


ZJBC Information Technology Co  (SZSE:000889) 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.

ZJBC Information Technology Co's Inventory Turnover for the three months ended in Sep. 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.

ZJBC Information Technology Co's Inventory to Revenue for the three months ended in Sep. 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.


ZJBC Information Technology Co Days Inventory Related Terms

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


ZJBC Information Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 146, Hebei Main Street, Block A, 26th Floor, Jinyuan International Commercial Building, Hebei Province, Qinhuangdao, Hebei, CHN, 066000
ZJBC Information Technology Co Ltd is a China-based company. The company's main business is information intelligent transmission, communication network maintenance, and financial service outsourcing.
Executives
Sun Da Executives
Chen Wen Yi Supervisors
Zhang Fu Chun Supervisors
Jiang De Qi Executives

ZJBC Information Technology Co Headlines

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