ZTE (ZTCOF) Days Inventory : 223.66 (As of Sep. 2024)

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What is ZTE Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ZTE's Average Total Inventories for the three months ended in Sep. 2024 was $5,694 Mil. ZTE's Cost of Goods Sold for the three months ended in Sep. 2024 was $2,323 Mil. Hence, ZTE's Days Inventory for the three months ended in Sep. 2024 was 223.66.

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

ZTCOF' s Days Inventory Range Over the Past 10 Years
Min: 103.86 Med: 165.08 Max: 216.95
Current: 201.47

During the past 13 years, ZTE's highest Days Inventory was 216.95. The lowest was 103.86. And the median was 165.08.

ZTCOF's Days Inventory is ranked worse than
81.33% of 2394 companies
in the Hardware industry
Industry Median: 99.695 vs ZTCOF: 201.47

ZTE's Days Inventory declined from Sep. 2023 (263.84) to Sep. 2024 (223.66).

Inventory Turnover measures how fast the company turns over its inventory within a year. ZTE's Inventory Turnover for the three months ended in Sep. 2024 was 0.41.

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. ZTE's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.46.

ZTE Days Inventory Historical Data

The historical data trend for ZTE'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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ZTE Days Inventory Chart

ZTE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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170.22

156.53

170.12

200.84

219.70

ZTE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															263.84	174.59	214.03	194.38	223.66

Competitive Comparison of ZTE's Days Inventory

For the Communication Equipment subindustry, ZTE'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.

ZTE's Days Inventory Distribution in the Hardware Industry

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

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

ZTE Days Inventory Calculation

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

ZTE'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
=	( (6488.373	+	5760.519)	/	2 )	/	10174.824	*	365
=	6124.446					/	10174.824	*	365
=	219.70

ZTE'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
=	( (5646.048	+	5741.458)	/	2 )	/	2323.006	*	365 / 4
=	5693.753					/	2323.006	*	365 / 4
=	223.66

ZTE (OTCPK:ZTCOF) 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.

ZTE's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2323.006	/	5693.753
	=	0.41

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.

ZTE's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5693.753	/	3894.495
	=	1.46

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.

ZTE Days Inventory Related Terms

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

ZTE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ZTE Corp (OTCPK:ZTCOF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

00763:Hong Kong FZM:Germany FZM:Germany 000063:China FZM:Austria

Address

ZTE Plaza, Keji Road South, Hi-Tech Industrial Park, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

https://www.zte.com.cn

ZTE Corp is a provider of integrated telecommunications and IT solutions with a full range of end-to-end ICT products and solutions integrating design, development, production, sales, and services with a special focus on carriers' networks, government and corporate business, and consumer business. It operates in three segments Carriers' network, Consumer Business, and Government and Corporate Business. It generates a majority of its revenue from equipment supporting carriers' networks. It has a presence in the PRC, Asia, Africa, Europe, and the Americas. It generates the majority of its revenue from the PRC region.