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Chuzhou Duoli Automotive Technology Co (SZSE:001311) Days Inventory : 92.12 (As of Mar. 2024)


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What is Chuzhou Duoli Automotive Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chuzhou Duoli Automotive Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥605 Mil. Chuzhou Duoli Automotive Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥600 Mil. Hence, Chuzhou Duoli Automotive Technology Co's Days Inventory for the three months ended in Mar. 2024 was 92.12.

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

SZSE:001311' s Days Inventory Range Over the Past 10 Years
Min: 62.88   Med: 77.99   Max: 121.72
Current: 74.81

During the past 6 years, Chuzhou Duoli Automotive Technology Co's highest Days Inventory was 121.72. The lowest was 62.88. And the median was 77.99.

SZSE:001311's Days Inventory is ranked better than
55.37% of 1257 companies
in the Vehicles & Parts industry
Industry Median: 80.93 vs SZSE:001311: 74.81

Chuzhou Duoli Automotive Technology Co's Days Inventory increased from Mar. 2023 (86.08) to Mar. 2024 (92.12). It might indicate that Chuzhou Duoli Automotive Technology 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. Chuzhou Duoli Automotive Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.99.

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. Chuzhou Duoli Automotive Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.78.


Chuzhou Duoli Automotive Technology Co Days Inventory Historical Data

The historical data trend for Chuzhou Duoli Automotive 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.

Chuzhou Duoli Automotive Technology Co Days Inventory Chart

Chuzhou Duoli Automotive Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 112.81 80.87 62.88 75.10 71.37

Chuzhou Duoli Automotive Technology Co Quarterly Data
Dec18 Dec19 Dec20 Jun21 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 86.08 85.21 72.60 56.62 92.12

Competitive Comparison of Chuzhou Duoli Automotive Technology Co's Days Inventory

For the Auto Parts subindustry, Chuzhou Duoli Automotive 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.


Chuzhou Duoli Automotive Technology Co's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Chuzhou Duoli Automotive Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chuzhou Duoli Automotive Technology Co's Days Inventory falls into.



Chuzhou Duoli Automotive Technology Co Days Inventory Calculation

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

Chuzhou Duoli Automotive 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
=( (608.433 + 566.477) / 2 ) / 3004.292*365
=587.455 / 3004.292*365
=71.37

Chuzhou Duoli Automotive 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
=( (566.477 + 644.454) / 2 ) / 599.716*365 / 4
=605.4655 / 599.716*365 / 4
=92.12

* 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.


Chuzhou Duoli Automotive Technology Co  (SZSE:001311) 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.

Chuzhou Duoli Automotive 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.

Chuzhou Duoli Automotive 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.


Chuzhou Duoli Automotive Technology Co Days Inventory Related Terms

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


Chuzhou Duoli Automotive Technology Co (SZSE:001311) Business Description

Traded in Other Exchanges
N/A
Address
No. 109, Ma'an East Road, Anhui Province, Chuzhou, CHN, 215312
Chuzhou Duoli Automotive Technology Co Ltd is engaged in the development, production and sales of automotive stamping parts and related molds.
Executives
Deng Li Qin Director

Chuzhou Duoli Automotive Technology Co (SZSE:001311) Headlines

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