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Jiangsu Zhongchao Holding Co (SZSE:002471) Days Inventory : 52.60 (As of Sep. 2024)


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What is Jiangsu Zhongchao Holding Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiangsu Zhongchao Holding Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥811 Mil. Jiangsu Zhongchao Holding Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥1,406 Mil. Hence, Jiangsu Zhongchao Holding Co's Days Inventory for the three months ended in Sep. 2024 was 52.60.

The historical rank and industry rank for Jiangsu Zhongchao Holding Co's Days Inventory or its related term are showing as below:

SZSE:002471' s Days Inventory Range Over the Past 10 Years
Min: 37.32   Med: 77.6   Max: 122.89
Current: 51.41

During the past 13 years, Jiangsu Zhongchao Holding Co's highest Days Inventory was 122.89. The lowest was 37.32. And the median was 77.60.

SZSE:002471's Days Inventory is ranked better than
87.74% of 2904 companies
in the Industrial Products industry
Industry Median: 121.88 vs SZSE:002471: 51.41

Jiangsu Zhongchao Holding Co's Days Inventory increased from Sep. 2023 (48.09) to Sep. 2024 (52.60). It might indicate that Jiangsu Zhongchao Holding Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiangsu Zhongchao Holding Co's Inventory Turnover for the three months ended in Sep. 2024 was 1.73.

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. Jiangsu Zhongchao Holding Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.52.


Jiangsu Zhongchao Holding Co Days Inventory Historical Data

The historical data trend for Jiangsu Zhongchao Holding 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.

Jiangsu Zhongchao Holding Co Days Inventory Chart

Jiangsu Zhongchao Holding 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 67.63 61.04 40.74 38.47 37.32

Jiangsu Zhongchao Holding 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 48.09 36.27 63.26 57.24 52.60

Competitive Comparison of Jiangsu Zhongchao Holding Co's Days Inventory

For the Electrical Equipment & Parts subindustry, Jiangsu Zhongchao Holding 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.


Jiangsu Zhongchao Holding Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Zhongchao Holding Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jiangsu Zhongchao Holding Co's Days Inventory falls into.



Jiangsu Zhongchao Holding Co Days Inventory Calculation

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

Jiangsu Zhongchao Holding 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
=( (551.247 + 569.609) / 2 ) / 5481.083*365
=560.428 / 5481.083*365
=37.32

Jiangsu Zhongchao Holding 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
=( (785.852 + 835.261) / 2 ) / 1406.063*365 / 4
=810.5565 / 1406.063*365 / 4
=52.60

* 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.


Jiangsu Zhongchao Holding Co  (SZSE:002471) 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.

Jiangsu Zhongchao Holding 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.

Jiangsu Zhongchao Holding 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.


Jiangsu Zhongchao Holding Co Days Inventory Related Terms

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


Jiangsu Zhongchao Holding Co Business Description

Traded in Other Exchanges
N/A
Address
999 Zhengfeng East Road, Xiaojiao Industrial Park, Wuxi, Jiangsu, Yixing, CHN, 214242
Jiangsu Zhongchao Holding Co Ltd manufactures sales and services electric wires and cables in China. The company mainly provides power cables, electric wires, and cables for electrical equipment, bare wires, cable materials, cable connectors, magnet wires, metal materials and teapots and fittings.
Executives
Wang Zhi Ping Executives
Li Bian Fen Director
Liu Bao Ji Director
Liu Guang Zhong Directors, executives
Zhao Han Jun Executives
Jiang Li Juan Supervisors
Wu Ming Liang Directors, executives
Li Chuan Bing Executives
Xu Xiao Executives
Sheng Hai Liang Supervisors
Wang Qiang Executives
Lu Ya Jun Supervisors
Liu Hong Bin Supervisors
Huo Zhen Ping Director
Yu Wei Min Supervisors

Jiangsu Zhongchao Holding Co Headlines

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