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Gifore Agricultural Science & Technology Service Co (SZSE:300022) Days Inventory : 128.62 (As of Mar. 2024)


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What is Gifore Agricultural Science & Technology Service Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gifore Agricultural Science & Technology Service Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥778 Mil. Gifore Agricultural Science & Technology Service Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥552 Mil. Hence, Gifore Agricultural Science & Technology Service Co's Days Inventory for the three months ended in Mar. 2024 was 128.62.

The historical rank and industry rank for Gifore Agricultural Science & Technology Service Co's Days Inventory or its related term are showing as below:

SZSE:300022' s Days Inventory Range Over the Past 10 Years
Min: 71.3   Med: 79.64   Max: 116.34
Current: 116.34

During the past 13 years, Gifore Agricultural Science & Technology Service Co's highest Days Inventory was 116.34. The lowest was 71.30. And the median was 79.64.

SZSE:300022's Days Inventory is ranked better than
58.33% of 204 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 132.7 vs SZSE:300022: 116.34

Gifore Agricultural Science & Technology Service Co's Days Inventory declined from Mar. 2023 (130.66) to Mar. 2024 (128.62).

Inventory Turnover measures how fast the company turns over its inventory within a year. Gifore Agricultural Science & Technology Service Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.71.

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. Gifore Agricultural Science & Technology Service Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.22.


Gifore Agricultural Science & Technology Service Co Days Inventory Historical Data

The historical data trend for Gifore Agricultural Science & Technology Service 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.

Gifore Agricultural Science & Technology Service Co Days Inventory Chart

Gifore Agricultural Science & Technology Service 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 85.51 71.64 76.47 71.30 87.37

Gifore Agricultural Science & Technology Service 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 130.66 103.63 96.29 138.10 128.62

Competitive Comparison of Gifore Agricultural Science & Technology Service Co's Days Inventory

For the Farm & Heavy Construction Machinery subindustry, Gifore Agricultural Science & Technology Service 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.


Gifore Agricultural Science & Technology Service Co's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Gifore Agricultural Science & Technology Service Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Gifore Agricultural Science & Technology Service Co's Days Inventory falls into.



Gifore Agricultural Science & Technology Service Co Days Inventory Calculation

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

Gifore Agricultural Science & Technology Service 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
=( (423.387 + 644.9) / 2 ) / 2231.56*365
=534.1435 / 2231.56*365
=87.37

Gifore Agricultural Science & Technology Service 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
=( (644.9 + 912.044) / 2 ) / 552.271*365 / 4
=778.472 / 552.271*365 / 4
=128.62

* 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.


Gifore Agricultural Science & Technology Service Co  (SZSE:300022) 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.

Gifore Agricultural Science & Technology Service 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.

Gifore Agricultural Science & Technology Service 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.


Gifore Agricultural Science & Technology Service Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Gifore Agricultural Science & Technology Service Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Gifore Agricultural Science & Technology Service Co (SZSE:300022) Business Description

Traded in Other Exchanges
N/A
Address
No.219, Gangtong North 2nd Road, Chengdu Modern Industrial Port, Sichuan, Chengdu, CHN, 611743
Gifore Agricultural Machinery Chain Co Ltd operates in the agricultural machinery circulation industry. The business of the company includes sales and service of equipment, agricultural light trucks, and rural general mechanical and electrical.
Executives
Wang Hong Yan Director
Wang Xin Ming Directors, executives
He Zhi Wen Director
Li Yu Ying Supervisors
Ceng Chen Dong Directors, executives
Zhao Ze Liang Directors, executives
Zheng Ge Directors, executives
Chen De Supervisors
Ren Dan Hua Director
Diao Hai Lei Executives
Huang Xiao Li Supervisors
Lai Han Director
Zhang Li Shang Director

Gifore Agricultural Science & Technology Service Co (SZSE:300022) Headlines

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