Ningbo Peacebird Fashion Co (SHSE:603877) Days Inventory : 162.45 (As of Mar. 2024)

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What is Ningbo Peacebird Fashion Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ningbo Peacebird Fashion Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,438 Mil. Ningbo Peacebird Fashion Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥808 Mil. Hence, Ningbo Peacebird Fashion Co's Days Inventory for the three months ended in Mar. 2024 was 162.45.

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

SHSE:603877' s Days Inventory Range Over the Past 10 Years
Min: 151.59 Med: 183.52 Max: 200.6
Current: 173.42

During the past 13 years, Ningbo Peacebird Fashion Co's highest Days Inventory was 200.60. The lowest was 151.59. And the median was 183.52.

SHSE:603877's Days Inventory is ranked worse than
70.07% of 1069 companies
in the Retail - Cyclical industry
Industry Median: 110.95 vs SHSE:603877: 173.42

Ningbo Peacebird Fashion Co's Days Inventory declined from Mar. 2023 (220.03) to Mar. 2024 (162.45).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ningbo Peacebird Fashion Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.56.

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. Ningbo Peacebird Fashion Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.80.

Ningbo Peacebird Fashion Co Days Inventory Historical Data

The historical data trend for Ningbo Peacebird Fashion 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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Ningbo Peacebird Fashion Co Days Inventory Chart

Ningbo Peacebird Fashion Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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181.52

168.26

170.29

191.15

185.51

Ningbo Peacebird Fashion Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															220.03	244.90	216.66	121.73	162.45

Competitive Comparison of Ningbo Peacebird Fashion Co's Days Inventory

For the Apparel Retail subindustry, Ningbo Peacebird Fashion 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.

Ningbo Peacebird Fashion Co's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ningbo Peacebird Fashion Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ningbo Peacebird Fashion Co's Days Inventory falls into.

Ningbo Peacebird Fashion Co Days Inventory Calculation

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

Ningbo Peacebird Fashion 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
=	( (2124.705	+	1508.629)	/	2 )	/	3574.472	*	365
=	1816.667					/	3574.472	*	365
=	185.51

Ningbo Peacebird Fashion 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
=	( (1508.629	+	1367.625)	/	2 )	/	807.825	*	365 / 4
=	1438.127					/	807.825	*	365 / 4
=	162.45

Ningbo Peacebird Fashion Co (SHSE:603877) 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.

Ningbo Peacebird Fashion Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	807.825	/	1438.127
	=	0.56

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.

Ningbo Peacebird Fashion Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1438.127	/	1805.673
	=	0.80

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.

Ningbo Peacebird Fashion Co Days Inventory Related Terms

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

Ningbo Peacebird Fashion Co (SHSE:603877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ningbo Peacebird Fashion Co Ltd (SHSE:603877) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

No. 826, South Section of Huancheng West Road, Haishu, Ningbo, Zhejiang, Ningbo, CHN, 315011

Website

http://www.peacebird.com

Ningbo Peacebird Fashion Co Ltd is a retail-oriented multi-brand fashion company. It focuses on providing customers with fashion products of high quality at the competitive price. The main products of the company include women's, men's and children's clothing, and the main brand contains PEACEBIRD, PEACEBIRD, LED'IN, MATERIAL GIRL, AMAZING PEACE, Mini Peace, and among others. It holds more than 4000 stores across 31 provinces, autonomous regions, and municipalities. Geographically, it operates through China, however, its products are distributed in both Chinese and international market.

Ningbo Peacebird Fashion Co (SHSE:603877) Headlines

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