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Shenzhen King Explorer Science And Technology (SZSE:002917) Days Inventory : 104.45 (As of Mar. 2024)


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What is Shenzhen King Explorer Science And Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shenzhen King Explorer Science And Technology's Average Total Inventories for the three months ended in Mar. 2024 was ¥245 Mil. Shenzhen King Explorer Science And Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥214 Mil. Hence, Shenzhen King Explorer Science And Technology's Days Inventory for the three months ended in Mar. 2024 was 104.45.

The historical rank and industry rank for Shenzhen King Explorer Science And Technology's Days Inventory or its related term are showing as below:

SZSE:002917' s Days Inventory Range Over the Past 10 Years
Min: 76.21   Med: 87.35   Max: 148.16
Current: 84.78

During the past 11 years, Shenzhen King Explorer Science And Technology's highest Days Inventory was 148.16. The lowest was 76.21. And the median was 87.35.

SZSE:002917's Days Inventory is ranked worse than
51.68% of 1492 companies
in the Chemicals industry
Industry Median: 82.18 vs SZSE:002917: 84.78

Shenzhen King Explorer Science And Technology's Days Inventory declined from Mar. 2023 (132.90) to Mar. 2024 (104.45).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shenzhen King Explorer Science And Technology's Inventory Turnover for the three months ended in Mar. 2024 was 0.87.

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. Shenzhen King Explorer Science And Technology's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.77.


Shenzhen King Explorer Science And Technology Days Inventory Historical Data

The historical data trend for Shenzhen King Explorer Science And Technology'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.

Shenzhen King Explorer Science And Technology Days Inventory Chart

Shenzhen King Explorer Science And Technology 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 87.02 76.21 79.87 82.77 85.66

Shenzhen King Explorer Science And Technology 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 132.90 81.01 83.98 73.11 104.45

Competitive Comparison of Shenzhen King Explorer Science And Technology's Days Inventory

For the Specialty Chemicals subindustry, Shenzhen King Explorer Science And Technology'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.


Shenzhen King Explorer Science And Technology's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shenzhen King Explorer Science And Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shenzhen King Explorer Science And Technology's Days Inventory falls into.



Shenzhen King Explorer Science And Technology Days Inventory Calculation

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

Shenzhen King Explorer Science And Technology'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
=( (239.868 + 239.659) / 2 ) / 1021.587*365
=239.7635 / 1021.587*365
=85.66

Shenzhen King Explorer Science And Technology'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
=( (239.659 + 250.649) / 2 ) / 214.181*365 / 4
=245.154 / 214.181*365 / 4
=104.45

* 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.


Shenzhen King Explorer Science And Technology  (SZSE:002917) 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.

Shenzhen King Explorer Science And Technology'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.

Shenzhen King Explorer Science And Technology'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.


Shenzhen King Explorer Science And Technology Days Inventory Related Terms

Thank you for viewing the detailed overview of Shenzhen King Explorer Science And Technology's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Shenzhen King Explorer Science And Technology (SZSE:002917) Business Description

Traded in Other Exchanges
N/A
Address
Room No. 3, Building R2-A, Nanshan High-Tech Industrial Park, South Area, Guangdong Province, Shenzhen, CHN, 518057
Shenzhen King Explorer Science And Technology Corp engages in the research, development, design, manufacture, and sale of intelligent equipment systems to civil explosive production companies and blasting service companies in the People's Republic of China and internationally. It offers industrial explosive and detonator production lines, mobile and ground bulk emulsion modules, bulk trucks for emulsion, portable underground charging units, and underground chargers. The products of the company include Industrial Explosives Dynamic Monitoring System, Anti-Explosion Products and Special Equipment for Explosives Production.
Executives
Ming Jing Gu Director
Li Hui Supervisors
Zhou Xiao Xi Executives

Shenzhen King Explorer Science And Technology (SZSE:002917) Headlines

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