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Goldcup Electric Apparatus Co (SZSE:002533) Days Inventory : 39.78 (As of Mar. 2024)


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What is Goldcup Electric Apparatus Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Goldcup Electric Apparatus Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,375 Mil. Goldcup Electric Apparatus Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,154 Mil. Hence, Goldcup Electric Apparatus Co's Days Inventory for the three months ended in Mar. 2024 was 39.78.

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

SZSE:002533' s Days Inventory Range Over the Past 10 Years
Min: 28.35   Med: 48.29   Max: 67.96
Current: 38.05

During the past 13 years, Goldcup Electric Apparatus Co's highest Days Inventory was 67.96. The lowest was 28.35. And the median was 48.29.

SZSE:002533's Days Inventory is ranked better than
92.53% of 2904 companies
in the Industrial Products industry
Industry Median: 119.93 vs SZSE:002533: 38.05

Goldcup Electric Apparatus Co's Days Inventory increased from Mar. 2023 (39.49) to Mar. 2024 (39.78). It might indicate that Goldcup Electric Apparatus Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Goldcup Electric Apparatus Co's Inventory Turnover for the three months ended in Mar. 2024 was 2.29.

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. Goldcup Electric Apparatus Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.39.


Goldcup Electric Apparatus Co Days Inventory Historical Data

The historical data trend for Goldcup Electric Apparatus 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.

Goldcup Electric Apparatus Co Days Inventory Chart

Goldcup Electric Apparatus 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 67.96 59.09 33.56 28.35 28.50

Goldcup Electric Apparatus 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 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 39.49 39.24 40.41 33.81 39.78

Competitive Comparison of Goldcup Electric Apparatus Co's Days Inventory

For the Electrical Equipment & Parts subindustry, Goldcup Electric Apparatus 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.


Goldcup Electric Apparatus Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Goldcup Electric Apparatus Co's Days Inventory distribution charts can be found below:

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



Goldcup Electric Apparatus Co Days Inventory Calculation

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

Goldcup Electric Apparatus 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
=( (955.017 + 1163.443) / 2 ) / 13566.28*365
=1059.23 / 13566.28*365
=28.50

Goldcup Electric Apparatus 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
=( (1163.443 + 1585.762) / 2 ) / 3153.518*365 / 4
=1374.6025 / 3153.518*365 / 4
=39.78

* 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.


Goldcup Electric Apparatus Co  (SZSE:002533) 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.

Goldcup Electric Apparatus 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.

Goldcup Electric Apparatus 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.


Goldcup Electric Apparatus Co Days Inventory Related Terms

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


Goldcup Electric Apparatus Co (SZSE:002533) Business Description

Traded in Other Exchanges
N/A
Address
building No.159, Xinxing Road, Environmental Industry Zone, Yuhua District, Changsha, Hunan, CHN
Goldcup Electric Apparatus Co Ltd is a China-based company principally engaged in the research and development, manufacture and sale of electric wires and cables. Its products include Overhead Conductor, Power Cable, Aluminum Alloy Cable, Control Cable, Mining Cable, Rubber Cable and Electromagnetic Wire.

Goldcup Electric Apparatus Co (SZSE:002533) Headlines

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