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Jiangsu Jinling Sports Equipment Co (SZSE:300651) Days Inventory : 370.42 (As of Mar. 2024)


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What is Jiangsu Jinling Sports Equipment Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiangsu Jinling Sports Equipment Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥188.0 Mil. Jiangsu Jinling Sports Equipment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥46.3 Mil. Hence, Jiangsu Jinling Sports Equipment Co's Days Inventory for the three months ended in Mar. 2024 was 370.42.

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

SZSE:300651' s Days Inventory Range Over the Past 10 Years
Min: 125.71   Med: 151.22   Max: 208.14
Current: 201.77

During the past 12 years, Jiangsu Jinling Sports Equipment Co's highest Days Inventory was 208.14. The lowest was 125.71. And the median was 151.22.

SZSE:300651's Days Inventory is ranked worse than
85.39% of 671 companies
in the Travel & Leisure industry
Industry Median: 36.02 vs SZSE:300651: 201.77

Jiangsu Jinling Sports Equipment Co's Days Inventory increased from Mar. 2023 (347.74) to Mar. 2024 (370.42). It might indicate that Jiangsu Jinling Sports Equipment Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiangsu Jinling Sports Equipment Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.25.

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 Jinling Sports Equipment Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 2.69.


Jiangsu Jinling Sports Equipment Co Days Inventory Historical Data

The historical data trend for Jiangsu Jinling Sports Equipment 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 Jinling Sports Equipment Co Days Inventory Chart

Jiangsu Jinling Sports Equipment 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 125.71 154.32 151.83 208.14 184.27

Jiangsu Jinling Sports Equipment 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 347.74 286.76 202.90 112.47 370.42

Competitive Comparison of Jiangsu Jinling Sports Equipment Co's Days Inventory

For the Leisure subindustry, Jiangsu Jinling Sports Equipment 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 Jinling Sports Equipment Co's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Jiangsu Jinling Sports Equipment Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jiangsu Jinling Sports Equipment Co's Days Inventory falls into.



Jiangsu Jinling Sports Equipment Co Days Inventory Calculation

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

Jiangsu Jinling Sports Equipment 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
=( (181.095 + 181.986) / 2 ) / 359.595*365
=181.5405 / 359.595*365
=184.27

Jiangsu Jinling Sports Equipment 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
=( (181.986 + 194.051) / 2 ) / 46.317*365 / 4
=188.0185 / 46.317*365 / 4
=370.42

* 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 Jinling Sports Equipment Co  (SZSE:300651) 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 Jinling Sports Equipment 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.

Jiangsu Jinling Sports Equipment 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.


Jiangsu Jinling Sports Equipment Co Days Inventory Related Terms

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


Jiangsu Jinling Sports Equipment Co (SZSE:300651) Business Description

Traded in Other Exchanges
N/A
Address
Haifeng Road, Nanfeng Town, Jiangsu Province, Zhangjiagang, CHN, 215600
Jiangsu Jinling Sports Equipment Co Ltd is a sports equipment integrated service provider in China. The company is engaged in the development, production, sales and sports events of sports equipment and venue facilities. Its products portfolio includes ball equipment, track and field equipment, and others. It offers equipment for various kinds of sports events, including basketball, athletics, football, and others.
Executives
Li Jian Gang Directors, executives
Xu Yan Supervisors
Li Jian Feng Director
Sun Jun Directors, Directors, and Executives
Shi Xing Ping Directors, executives
Li Chun Rong Directors, executives
Zhao Yu Long Executives
Shi Yong Hua Director

Jiangsu Jinling Sports Equipment Co (SZSE:300651) Headlines

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