GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » JinkoSolar Holding Co Ltd (NYSE:JKS) » Definitions » Days Inventory

JinkoSolar Holding Co (JinkoSolar Holding Co) Days Inventory : 86.50 (As of Mar. 2024)


View and export this data going back to 2010. Start your Free Trial

What is JinkoSolar Holding Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). JinkoSolar Holding Co's Average Total Inventories for the three months ended in Mar. 2024 was $2,673 Mil. JinkoSolar Holding Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,820 Mil. Hence, JinkoSolar Holding Co's Days Inventory for the three months ended in Mar. 2024 was 86.50.

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

JKS' s Days Inventory Range Over the Past 10 Years
Min: 62.47   Med: 82.34   Max: 114.36
Current: 72.5

During the past 13 years, JinkoSolar Holding Co's highest Days Inventory was 114.36. The lowest was 62.47. And the median was 82.34.

JKS's Days Inventory is ranked better than
72.87% of 940 companies
in the Semiconductors industry
Industry Median: 130.735 vs JKS: 72.50

JinkoSolar Holding Co's Days Inventory declined from Mar. 2023 (91.52) to Mar. 2024 (86.50).

Inventory Turnover measures how fast the company turns over its inventory within a year. JinkoSolar Holding Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.05.

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. JinkoSolar Holding Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.84.


JinkoSolar Holding Co Days Inventory Historical Data

The historical data trend for JinkoSolar Holding 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.

JinkoSolar Holding Co Days Inventory Chart

JinkoSolar Holding Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 87.60 86.98 114.36 82.32 66.10

JinkoSolar Holding 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 91.52 74.63 70.34 58.67 86.50

Competitive Comparison of JinkoSolar Holding Co's Days Inventory

For the Solar subindustry, JinkoSolar Holding 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.


JinkoSolar Holding Co's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, JinkoSolar Holding Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where JinkoSolar Holding Co's Days Inventory falls into.



JinkoSolar Holding Co Days Inventory Calculation

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

JinkoSolar Holding 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
=( (2503.017 + 2551.124) / 2 ) / 13953.525*365
=2527.0705 / 13953.525*365
=66.10

JinkoSolar Holding 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
=( (2551.124 + 2795.794) / 2 ) / 2820.134*365 / 4
=2673.459 / 2820.134*365 / 4
=86.50

* 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.


JinkoSolar Holding Co  (NYSE:JKS) 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.

JinkoSolar Holding Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

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.

JinkoSolar Holding Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

* 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.


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.


JinkoSolar Holding Co Days Inventory Related Terms

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


JinkoSolar Holding Co (JinkoSolar Holding Co) Business Description

Address
1 Yingbin Road, Shangrao Economic Development Zone, Jiangxi Province, Shangrao, CHN, 334100
JinkoSolar Holding Co Ltd is engaged in the photovoltaic industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under the JinkoSolar brand. The company's product includes Silicon wafers, Solar cells, and Solar modules. Its geographical segments are China (including Hong Kong and Taiwan), North America, Europe, Asia Pacific (except China, which includes Hong Kong and Taiwan), and the Rest of the world.