ZAP (ZAAP) Days Inventory : 475.21 (As of Dec. 2016)

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What is ZAP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ZAP's Average Total Inventories for the three months ended in Dec. 2016 was $6.38 Mil. ZAP's Cost of Goods Sold for the three months ended in Dec. 2016 was $1.23 Mil. Hence, ZAP's Days Inventory for the three months ended in Dec. 2016 was 475.21.

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

ZAAP's Days Inventory is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 80.63
* Ranked among companies with meaningful Days Inventory only.

ZAP's Days Inventory increased from Dec. 2015 (81.33) to Dec. 2016 (475.21). It might indicate that ZAP's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. ZAP's Inventory Turnover for the three months ended in Dec. 2016 was 0.19.

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. ZAP's Inventory-to-Revenue for the three months ended in Dec. 2016 was 5.62.

ZAP Days Inventory Historical Data

The historical data trend for ZAP'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.

ZAP Days Inventory Chart

ZAP Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Days Inventory

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83.53

69.21

94.49

95.78

209.01

ZAP Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Days Inventory	Get a 7-Day Free Trial															81.33	204.56	176.54	174.84	475.21

Competitive Comparison of ZAP's Days Inventory

For the Recreational Vehicles subindustry, ZAP'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.

ZAP's Days Inventory Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where ZAP's Days Inventory falls into.

ZAP Days Inventory Calculation

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

ZAP's Days Inventory for the fiscal year that ended in Dec. 2016 is calculated as

	Days Inventory (A: Dec. 2016 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2016 )	*	Days in Period
=	( (7.743	+	5.887)	/	2 )	/	11.901	*	365
=	6.815					/	11.901	*	365
=	209.01

ZAP's Days Inventory for the quarter that ended in Dec. 2016 is calculated as:

	Days Inventory (Q: Dec. 2016 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2016 )	+	Total Inventories (Q: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2016 )	*	Days in Period
=	( (6.872	+	5.887)	/	2 )	/	1.225	*	365 / 4
=	6.3795					/	1.225	*	365 / 4
=	475.21

ZAP (GREY:ZAAP) 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.

ZAP's Inventory Turnover for the three months ended in Dec. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.225	/	6.3795
	=	0.19

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.

ZAP's Inventory to Revenue for the three months ended in Dec. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.3795	/	1.136
	=	5.62

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.

ZAP Days Inventory Related Terms

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

ZAP (ZAAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ZAP Inc (GREY:ZAAP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 West 3rd Street, Santa Rosa, CA, USA, 95401

Website

http://www.zapworld.com

ZAP Inc designs, develops, manufactures and sells fully electric and advanced technology vehicles. Business activity of the group is operated through Jonway Auto and ZAP (Consumer Product) segments. The Jonway Auto segment represents sales of the gas-fueled Jonway A380 three and five-door sports utility vehicles, EV minivan and EV SUVs and spare parts principally through distributors in China. The ZAP Consumer Product segment represents rechargeable portable energy products, Zapino scooter, and ZAPPY3 personal transporters. The firm derives most of the revenue from the Jonway Auto segment.

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