Hisense Home Appliances Group Co (SZSE:000921) Days Inventory : 34.60 (As of Mar. 2024)

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What is Hisense Home Appliances Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hisense Home Appliances Group Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥6,980 Mil. Hisense Home Appliances Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥18,406 Mil. Hence, Hisense Home Appliances Group Co's Days Inventory for the three months ended in Mar. 2024 was 34.60.

The historical rank and industry rank for Hisense Home Appliances Group Co's Days Inventory or its related term are showing as below:

SZSE:000921' s Days Inventory Range Over the Past 10 Years
Min: 33.24 Med: 41.91 Max: 51.32
Current: 33.24

During the past 13 years, Hisense Home Appliances Group Co's highest Days Inventory was 51.32. The lowest was 33.24. And the median was 41.91.

SZSE:000921's Days Inventory is ranked better than
93.6% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 104.325 vs SZSE:000921: 33.24

Hisense Home Appliances Group Co's Days Inventory declined from Mar. 2023 (38.87) to Mar. 2024 (34.60).

Inventory Turnover measures how fast the company turns over its inventory within a year. Hisense Home Appliances Group Co's Inventory Turnover for the three months ended in Mar. 2024 was 2.64.

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. Hisense Home Appliances Group Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.30.

Hisense Home Appliances Group Co Days Inventory Historical Data

The historical data trend for Hisense Home Appliances Group 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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Hisense Home Appliances Group Co Days Inventory Chart

Hisense Home Appliances Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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40.03

38.70

42.83

46.54

36.47

Hisense Home Appliances Group 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															38.87	31.26	30.60	33.91	34.60

Competitive Comparison of Hisense Home Appliances Group Co's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Hisense Home Appliances Group 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.

Hisense Home Appliances Group Co's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hisense Home Appliances Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hisense Home Appliances Group Co's Days Inventory falls into.

Hisense Home Appliances Group Co Days Inventory Calculation

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

Hisense Home Appliances Group 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
=	( (6552.835	+	6774.603)	/	2 )	/	66696.116	*	365
=	6663.719					/	66696.116	*	365
=	36.47

Hisense Home Appliances Group 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
=	( (6774.603	+	7185.326)	/	2 )	/	18406.345	*	365 / 4
=	6979.9645					/	18406.345	*	365 / 4
=	34.60

Hisense Home Appliances Group Co (SZSE:000921) 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.

Hisense Home Appliances Group Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	18406.345	/	6979.9645
	=	2.64

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.

Hisense Home Appliances Group Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6979.9645	/	23486.119
	=	0.30

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.

Hisense Home Appliances Group Co Days Inventory Related Terms

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

Hisense Home Appliances Group Co (SZSE:000921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hisense Home Appliances Group Co Ltd (SZSE:000921) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

HISEF:USA 00921:Hong Kong GKE:Germany

Address

No. 8 Ronggang Road, Ronggui Street, Shunde District, Guangdong Province, Foshan, CHN, 528303

Website

https://hxjd.hisense.cn

Hisense Home Appliances Group Co Ltd is a manufacturer of white household electrical appliances in the People's Republic of China, with eight brand names, namely Hisense, Ronshen, KELON, HITACHI, YORK, Gorenje, ASKO, and SANDEN. The company produces electrical appliances like refrigerators, air-conditioners, freezers, washing machines, and Kitchen electrical appliances. The businesses of the Company are set out as follows: HVAC Business Work; Refrigerator and Washing Machine Business Work; Automotive Air Conditioner Compressor and Integrated Thermal Management System Business Work; Smart Home Business Work; Overseas Markets for Home Appliances Business Work and Implementing the Manufacturing Work. The majority of the company's revenue is generated from the domestic market.

Executives

Tang Ye Guo	Directors, executives
Fan Wei	Supervisors
Dai Hui Zhong	Director
Jia Shao Qian	Directors, executives
Wang Zhi Gang	Executives
Xiao Jian Lin	Directors, executives
Wang Jiu Cun	Executives

Hisense Home Appliances Group Co (SZSE:000921) Headlines

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