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Zhejiang XiaSha Precision Manufacturing Co (SZSE:001306) Days Inventory : 185.55 (As of Mar. 2024)


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What is Zhejiang XiaSha Precision Manufacturing Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zhejiang XiaSha Precision Manufacturing Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥181.0 Mil. Zhejiang XiaSha Precision Manufacturing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥89.0 Mil. Hence, Zhejiang XiaSha Precision Manufacturing Co's Days Inventory for the three months ended in Mar. 2024 was 185.55.

The historical rank and industry rank for Zhejiang XiaSha Precision Manufacturing Co's Days Inventory or its related term are showing as below:

SZSE:001306' s Days Inventory Range Over the Past 10 Years
Min: 110.26   Med: 132.86   Max: 160.22
Current: 160.22

During the past 5 years, Zhejiang XiaSha Precision Manufacturing Co's highest Days Inventory was 160.22. The lowest was 110.26. And the median was 132.86.

SZSE:001306's Days Inventory is ranked worse than
85.09% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 81.84 vs SZSE:001306: 160.22

Zhejiang XiaSha Precision Manufacturing Co's Days Inventory increased from Mar. 2023 (159.16) to Mar. 2024 (185.55). It might indicate that Zhejiang XiaSha Precision Manufacturing Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang XiaSha Precision Manufacturing Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.49.

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. Zhejiang XiaSha Precision Manufacturing Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.41.

Zhejiang XiaSha Precision Manufacturing Co Days Inventory Historical Data

The historical data trend for Zhejiang XiaSha Precision Manufacturing 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.

Zhejiang XiaSha Precision Manufacturing Co Days Inventory Chart

Zhejiang XiaSha Precision Manufacturing Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
127.88 110.26 - 137.83 154.38

Zhejiang XiaSha Precision Manufacturing Co Quarterly Data
Dec19 Dec20 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 159.16 135.41 154.97 140.81 185.55

Competitive Comparison of Zhejiang XiaSha Precision Manufacturing Co's Days Inventory

For the Auto Parts subindustry, Zhejiang XiaSha Precision Manufacturing 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.

Zhejiang XiaSha Precision Manufacturing Co's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang XiaSha Precision Manufacturing Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Zhejiang XiaSha Precision Manufacturing Co's Days Inventory falls into.


Zhejiang XiaSha Precision Manufacturing Co Days Inventory Calculation

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

Zhejiang XiaSha Precision Manufacturing 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
=( (151.251 + 164.03) / 2 ) / 372.701*365
=157.6405 / 372.701*365
=154.38

Zhejiang XiaSha Precision Manufacturing 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
=( (164.03 + 198.024) / 2 ) / 89.025*365 / 4
=181.027 / 89.025*365 / 4
=185.55

* 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.

Zhejiang XiaSha Precision Manufacturing Co  (SZSE:001306) 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.

Zhejiang XiaSha Precision Manufacturing Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=89.025 / 181.027
=0.49

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.

Zhejiang XiaSha Precision Manufacturing Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=181.027 / 128.199
=1.41

* 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.

Zhejiang XiaSha Precision Manufacturing Co Days Inventory Related Terms

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

Zhejiang XiaSha Precision Manufacturing Co (SZSE:001306) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang XiaSha Precision Manufacturing Co Ltd (SZSE:001306) » Definitions » Days Inventory
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 389, Rongji Road, Luotuo Industrial Zone, Zhenhai, Zhejiang, Ningbo, CHN, 315202
Website
https://www.chinaxiasha.com
Zhejiang XiaSha Precision Manufacturing Co Ltd is engaged in research & development, production and sales of small module gears and related products.

Zhejiang XiaSha Precision Manufacturing Co (SZSE:001306) Headlines

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