Hefei Snowky Electric Co (SZSE:001387) Days Inventory : 39.00 (As of Jun. 2024)

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What is Hefei Snowky Electric Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hefei Snowky Electric Co's Average Total Inventories for the three months ended in Jun. 2024 was ¥186 Mil. Hefei Snowky Electric Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥434 Mil. Hence, Hefei Snowky Electric Co's Days Inventory for the three months ended in Jun. 2024 was 39.00.

The historical rank and industry rank for Hefei Snowky Electric Co's Days Inventory or its related term are showing as below:

SZSE:001387' s Days Inventory Range Over the Past 10 Years
Min: 24.28 Med: 27.76 Max: 31.41
Current: 30.42

During the past 5 years, Hefei Snowky Electric Co's highest Days Inventory was 31.41. The lowest was 24.28. And the median was 27.76.

SZSE:001387's Days Inventory is ranked better than
94.65% of 411 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 100.13 vs SZSE:001387: 30.42

Hefei Snowky Electric Co's Days Inventory increased from Jun. 2023 (21.32) to Jun. 2024 (39.00). It might indicate that Hefei Snowky Electric 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. Hefei Snowky Electric Co's Inventory Turnover for the three months ended in Jun. 2024 was 2.34.

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. Hefei Snowky Electric Co's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.37.

Hefei Snowky Electric Co Days Inventory Historical Data

The historical data trend for Hefei Snowky Electric 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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Hefei Snowky Electric Co Days Inventory Chart

Hefei Snowky Electric Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

29.44

31.41

24.28

27.76

25.60

Hefei Snowky Electric Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Inventory	Get a 7-Day Free Trial								21.32	24.19	24.30	41.68	39.00

Competitive Comparison of Hefei Snowky Electric Co's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Hefei Snowky Electric 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.

Hefei Snowky Electric Co's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

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

* The bar in red indicates where Hefei Snowky Electric Co's Days Inventory falls into.

Hefei Snowky Electric Co Days Inventory Calculation

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

Hefei Snowky Electric 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
=	( (138.009	+	148.35)	/	2 )	/	2041.659	*	365
=	143.1795					/	2041.659	*	365
=	25.60

Hefei Snowky Electric Co's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (204.051	+	167.06)	/	2 )	/	434.183	*	365 / 4
=	185.5555					/	434.183	*	365 / 4
=	39.00

Hefei Snowky Electric Co (SZSE:001387) 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.

Hefei Snowky Electric Co's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	434.183	/	185.5555
	=	2.34

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.

Hefei Snowky Electric Co's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	185.5555	/	496.88
	=	0.37

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.

Hefei Snowky Electric Co Days Inventory Related Terms

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

Hefei Snowky Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hefei Snowky Electric Co Ltd (SZSE:001387) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

Website

Hefei Snowky Electric Co Ltd is mainly engaged in the research and development, production, and sales of refrigerators and commercial display cabinets, providing domestic and foreign brands with large refrigerators and commercial display cabinets with a volume of more than 400L and other products. Its products include Hand over door, Four doors, Three doors and French door refrigerators.

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