Jiangsu Kangliyuan Sports Tech Co (SZSE:301287) Days Inventory : 82.47 (As of Mar. 2024)

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What is Jiangsu Kangliyuan Sports Tech Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiangsu Kangliyuan Sports Tech Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥99.4 Mil. Jiangsu Kangliyuan Sports Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥110.0 Mil. Hence, Jiangsu Kangliyuan Sports Tech Co's Days Inventory for the three months ended in Mar. 2024 was 82.47.

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

SZSE:301287' s Days Inventory Range Over the Past 10 Years
Min: 83.19 Med: 97.9 Max: 119.8
Current: 84.75

During the past 6 years, Jiangsu Kangliyuan Sports Tech Co's highest Days Inventory was 119.80. The lowest was 83.19. And the median was 97.90.

SZSE:301287's Days Inventory is ranked worse than
66.32% of 671 companies
in the Travel & Leisure industry
Industry Median: 33.92 vs SZSE:301287: 84.75

Jiangsu Kangliyuan Sports Tech Co's Days Inventory increased from Mar. 2023 (72.59) to Mar. 2024 (82.47). It might indicate that Jiangsu Kangliyuan Sports Tech Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiangsu Kangliyuan Sports Tech Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.11.

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 Kangliyuan Sports Tech Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.60.

Jiangsu Kangliyuan Sports Tech Co Days Inventory Historical Data

The historical data trend for Jiangsu Kangliyuan Sports Tech 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 Kangliyuan Sports Tech Co Days Inventory Chart

Jiangsu Kangliyuan Sports Tech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

119.80

83.19

96.18

99.61

84.71

Jiangsu Kangliyuan Sports Tech Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial										72.59	82.49	94.27	79.84	82.47

Competitive Comparison of Jiangsu Kangliyuan Sports Tech Co's Days Inventory

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

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

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

Jiangsu Kangliyuan Sports Tech Co Days Inventory Calculation

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

Jiangsu Kangliyuan Sports Tech 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
=	( (99.568	+	91.042)	/	2 )	/	410.671	*	365
=	95.305					/	410.671	*	365
=	84.71

Jiangsu Kangliyuan Sports Tech 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
=	( (91.042	+	107.781)	/	2 )	/	109.999	*	365 / 4
=	99.4115					/	109.999	*	365 / 4
=	82.47

Jiangsu Kangliyuan Sports Tech Co (SZSE:301287) 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 Kangliyuan Sports Tech Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	109.999	/	99.4115
	=	1.11

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 Kangliyuan Sports Tech Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	99.4115	/	164.708
	=	0.60

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 Kangliyuan Sports Tech Co Days Inventory Related Terms

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

Jiangsu Kangliyuan Sports Tech Co (SZSE:301287) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jiangsu Kangliyuan Sports Tech Co Ltd (SZSE:301287) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

North side of Binhu Avenue, High-tech Industrial Park, Paoche Sub-district Office, Jiangsu, Pizhou, CHN, 221327

Website

http://www.junxia.net

Jiangsu Kangliyuan Sports Tech Co Ltd is engaged in research & development, manufacturing, and sales of Multi-series, differentiated and customized fitness equipment. The company's main products cover seven series, including treadmills, fitness bikes, strength trainers, free weight trainer, outdoor paths and group activity equipment. Its products reach more than 100 kinds.

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