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Googol Technology Co (SZSE:301510) Days Inventory : 243.27 (As of Mar. 2024)


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What is Googol Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Googol Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥115.0 Mil. Googol Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥43.1 Mil. Hence, Googol Technology Co's Days Inventory for the three months ended in Mar. 2024 was 243.27.

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

SZSE:301510' s Days Inventory Range Over the Past 10 Years
Min: 176.75   Med: 216.76   Max: 244.43
Current: 198.54

During the past 6 years, Googol Technology Co's highest Days Inventory was 244.43. The lowest was 176.75. And the median was 216.76.

SZSE:301510's Days Inventory is ranked worse than
80.19% of 2408 companies
in the Hardware industry
Industry Median: 101.605 vs SZSE:301510: 198.54

Googol Technology Co's Days Inventory declined from Mar. 2023 (281.54) to Mar. 2024 (243.27).

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. Googol Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.38.

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. Googol Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.35.


Googol Technology Co Days Inventory Historical Data

The historical data trend for Googol Technology 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.

Googol Technology Co Days Inventory Chart

Googol Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 228.85 220.57 212.95 244.43 185.52

Googol Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 281.54 228.38 236.89 127.51 243.27

Competitive Comparison of Googol Technology Co's Days Inventory

For the Electronic Components subindustry, Googol Technology 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.


Googol Technology Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Googol Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Googol Technology Co's Days Inventory falls into.



Googol Technology Co Days Inventory Calculation

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

Googol Technology 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
=( (112.533 + 106.052) / 2 ) / 215.021*365
=109.2925 / 215.021*365
=185.52

Googol Technology 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
=( (106.052 + 123.883) / 2 ) / 43.124*365 / 4
=114.9675 / 43.124*365 / 4
=243.27

* 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.


Googol Technology Co  (SZSE:301510) 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.

Googol Technology 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.

Googol Technology 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.


Googol Technology Co Days Inventory Related Terms

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


Googol Technology Co (SZSE:301510) Business Description

Traded in Other Exchanges
N/A
Address
Shenzhen-Hong Kong Industry-University-Research Base, Room W211, 2nd Floor, West Building, High-tech Zone, Nanshan, South District, Guangdong, Shenzhen, CHN, 518057
Googol Technology Co Ltd a high-tech enterprise engaged in the research and development of manufacturing core technologies, is one of the comprehensive solution providers for fully interconnected intelligent manufacturing at home and abroad. Googol Technology focuses on the core technology research in the five directions of motion control, servo drive, multi-dimensional perception, industrial field network and industrial software. The operation and control technology and products of Googol Technology are widely used in industrial control fields such as microelectronics, robots, CNC machine tools, electronic processing, testing, printing, packaging and production automation.

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