ZJK (ZJK Industrial Co) Days Inventory : 120.87 (As of Jun. 2024)

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What is ZJK Industrial Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ZJK Industrial Co's Average Total Inventories for the six months ended in Jun. 2024 was $5.74 Mil. ZJK Industrial Co's Cost of Goods Sold for the six months ended in Jun. 2024 was $8.67 Mil. Hence, ZJK Industrial Co's Days Inventory for the six months ended in Jun. 2024 was 120.87.

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

ZJK' s Days Inventory Range Over the Past 10 Years
Min: 57.58 Med: 78.31 Max: 97.31
Current: 96.92

During the past 3 years, ZJK Industrial Co's highest Days Inventory was 97.31. The lowest was 57.58. And the median was 78.31.

ZJK's Days Inventory is ranked better than
63.2% of 2910 companies
in the Industrial Products industry
Industry Median: 122.08 vs ZJK: 96.92

ZJK Industrial Co's Days Inventory declined from Jun. 2023 (143.91) to Jun. 2024 (120.87).

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. ZJK Industrial Co's Inventory Turnover for the six months ended in Jun. 2024 was 1.51.

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. ZJK Industrial Co's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.35.

ZJK Industrial Co Days Inventory Historical Data

The historical data trend for ZJK Industrial 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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ZJK Industrial Co Days Inventory Chart

ZJK Industrial Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

57.58

78.31

97.31

ZJK Industrial Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial			73.56	80.37	143.91	74.13	120.87

Competitive Comparison of ZJK Industrial Co's Days Inventory

For the Specialty Industrial Machinery subindustry, ZJK Industrial 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.

ZJK Industrial Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ZJK Industrial Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where ZJK Industrial Co's Days Inventory falls into.

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ZJK Industrial Co Days Inventory Calculation

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

ZJK Industrial 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
=	( (4.85	+	4.766)	/	2 )	/	18.034	*	365
=	4.808					/	18.034	*	365
=	97.31

ZJK Industrial Co's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (4.766	+	6.721)	/	2 )	/	8.672	*	365 / 2
=	5.7435					/	8.672	*	365 / 2
=	120.87

ZJK Industrial Co (NAS:ZJK) 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.

ZJK Industrial Co's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.672	/	5.7435
	=	1.51

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.

ZJK Industrial Co's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.7435	/	16.23
	=	0.35

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.

ZJK Industrial Co Days Inventory Related Terms

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ZJK Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ZJK Industrial Co Ltd (NAS:ZJK) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.8, Jingqiang Road, 138 Industrial Zone, Xiuxin Community, Kengzi Town, Pingshan New Area, Shenzhen, CHN, 518122

Website

https://www.zjk-industrial.com

ZJK Industrial Co Ltd is a high-tech enterprise specialized in the manufacturing and sale of precision fasteners, structural parts, and other precision metal parts products for new energy vehicles, circuit boards, data centers, liquid cooling systems for high-speed supercomputers widely applied in the artificial intelligence industry, and intelligent electronic equipment, such as mobile phones, smart watches, drones, and 5G communication base stations. Its products include various standard screws, nuts, bolts, turning parts, stamping parts, and Computer Numerical Control (CNC) machining parts. The products are used in new energy vehicles, mobile phones, smart watches, drones, 5G communication base stations, circuit boards, liquid cooling systems, and other electronic equipment.