ZheJiang HongXin Technology Co (SZSE:301539) Days Inventory : 93.94 (As of Sep. 2024)

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What is ZheJiang HongXin Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ZheJiang HongXin Technology Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥226 Mil. ZheJiang HongXin Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥219 Mil. Hence, ZheJiang HongXin Technology Co's Days Inventory for the three months ended in Sep. 2024 was 93.94.

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

SZSE:301539' s Days Inventory Range Over the Past 10 Years
Min: 65.91 Med: 70.57 Max: 84.51
Current: 84.51

During the past 5 years, ZheJiang HongXin Technology Co's highest Days Inventory was 84.51. The lowest was 65.91. And the median was 70.57.

SZSE:301539's Days Inventory is ranked worse than
53.48% of 1266 companies
in the Vehicles & Parts industry
Industry Median: 80.545 vs SZSE:301539: 84.51

ZheJiang HongXin Technology Co's Days Inventory increased from Sep. 2023 (61.55) to Sep. 2024 (93.94). It might indicate that ZheJiang HongXin Technology 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. ZheJiang HongXin Technology Co's Inventory Turnover for the three months ended in Sep. 2024 was 0.97.

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. ZheJiang HongXin Technology Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.84.

ZheJiang HongXin Technology Co Days Inventory Historical Data

The historical data trend for ZheJiang HongXin 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.

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ZheJiang HongXin Technology Co Days Inventory Chart

ZheJiang HongXin Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

71.19

68.69

65.91

76.58

70.57

ZheJiang HongXin Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial										61.55	65.03	78.14	83.00	93.94

Competitive Comparison of ZheJiang HongXin Technology Co's Days Inventory

For the Auto Parts subindustry, ZheJiang HongXin 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.

ZheJiang HongXin Technology Co's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ZheJiang HongXin Technology Co's Days Inventory distribution charts can be found below:

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

ZheJiang HongXin Technology Co Days Inventory Calculation

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

ZheJiang HongXin 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
=	( (153.708	+	156.365)	/	2 )	/	801.888	*	365
=	155.0365					/	801.888	*	365
=	70.57

ZheJiang HongXin Technology Co's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (213.105	+	238.61)	/	2 )	/	219.398	*	365 / 4
=	225.8575					/	219.398	*	365 / 4
=	93.94

ZheJiang HongXin Technology Co (SZSE:301539) 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.

ZheJiang HongXin Technology Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	219.398	/	225.8575
	=	0.97

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.

ZheJiang HongXin Technology Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	225.8575	/	267.643
	=	0.84

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.

ZheJiang HongXin Technology Co Days Inventory Related Terms

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

ZheJiang HongXin Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ZheJiang HongXin Technology Co Ltd (SZSE:301539) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dejian Road, Jiangkou Street, No. 75, Huangyan District, Zhejiang Province, Taizhou, CHN, 318020

Website

https://www.hxwheel.com

ZheJiang HongXin Technology Co Ltd is engaged in research & development, design, manufacturing and sales of automotive forged aluminum alloy wheels. Its product include Passenger vehicle wheels, Commercial vehicle wheel and Forging.

ZheJiang HongXin Technology Co Headlines

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