Ziel Home Furnishing Technology Co (SZSE:301376) Days Inventory : 77.17 (As of Mar. 2024)

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What is Ziel Home Furnishing Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ziel Home Furnishing Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥997 Mil. Ziel Home Furnishing Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,179 Mil. Hence, Ziel Home Furnishing Technology Co's Days Inventory for the three months ended in Mar. 2024 was 77.17.

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

SZSE:301376' s Days Inventory Range Over the Past 10 Years
Min: 67.49 Med: 83.74 Max: 91.89
Current: 67.49

During the past 6 years, Ziel Home Furnishing Technology Co's highest Days Inventory was 91.89. The lowest was 67.49. And the median was 83.74.

SZSE:301376's Days Inventory is ranked better than
70.19% of 1070 companies
in the Retail - Cyclical industry
Industry Median: 110.235 vs SZSE:301376: 67.49

Ziel Home Furnishing Technology Co's Days Inventory increased from Mar. 2023 (73.32) to Mar. 2024 (77.17). It might indicate that Ziel Home Furnishing Technology Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ziel Home Furnishing Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.18.

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. Ziel Home Furnishing Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.54.

Ziel Home Furnishing Technology Co Days Inventory Historical Data

The historical data trend for Ziel Home Furnishing 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.

* Premium members only.

Ziel Home Furnishing Technology Co Days Inventory Chart

Ziel Home Furnishing Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

75.92

82.28

86.73

85.20

74.00

Ziel Home Furnishing Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial									73.32	61.65	65.40	58.85	77.17

Competitive Comparison of Ziel Home Furnishing Technology Co's Days Inventory

For the Specialty Retail subindustry, Ziel Home Furnishing 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.

Ziel Home Furnishing Technology Co's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ziel Home Furnishing Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ziel Home Furnishing Technology Co's Days Inventory falls into.

Ziel Home Furnishing Technology Co Days Inventory Calculation

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

Ziel Home Furnishing 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
=	( (689.002	+	879.473)	/	2 )	/	3868.04	*	365
=	784.2375					/	3868.04	*	365
=	74.00

Ziel Home Furnishing Technology 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
=	( (879.473	+	1114.092)	/	2 )	/	1178.682	*	365 / 4
=	996.7825					/	1178.682	*	365 / 4
=	77.17

Ziel Home Furnishing Technology Co (SZSE:301376) 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.

Ziel Home Furnishing Technology Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1178.682	/	996.7825
	=	1.18

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.

Ziel Home Furnishing Technology Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	996.7825	/	1841.61
	=	0.54

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.

Ziel Home Furnishing Technology Co Days Inventory Related Terms

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

Ziel Home Furnishing Technology Co (SZSE:301376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ziel Home Furnishing Technology Co Ltd (SZSE:301376) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 198-19, Songshan South Road, No. 601, 6th Floor, Dongfang Building, Erqi, Henan, Zhengzhou, CHN, 450000

Website

https://www.ziel.cn

Ziel Home Furnishing Technology Co Ltd is engaged in research and development, design and sales of home furnishing products such as self-owned brand furniture series, home furnishing series, courtyard series and pet series.

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