Li Auto (Li Auto) Days Inventory : 18.24 (As of Dec. 2023)

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What is Li Auto Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Li Auto's Average Total Inventories for the three months ended in Dec. 2023 was $894 Mil. Li Auto's Cost of Goods Sold for the three months ended in Dec. 2023 was $4,474 Mil. Hence, Li Auto's Days Inventory for the three months ended in Dec. 2023 was 18.24.

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

LI' s Days Inventory Range Over the Past 10 Years
Min: 22.66 Med: 35.34 Max: 332.48
Current: 24.17

During the past 6 years, Li Auto's highest Days Inventory was 332.48. The lowest was 22.66. And the median was 35.34.

LI's Days Inventory is ranked better than
94.1% of 1255 companies
in the Vehicles & Parts industry
Industry Median: 81.83 vs LI: 24.17

Li Auto's Days Inventory declined from Dec. 2022 (39.79) to Dec. 2023 (18.24).

Inventory Turnover measures how fast the company turns over its inventory within a year. Li Auto's Inventory Turnover for the three months ended in Dec. 2023 was 5.00.

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. Li Auto's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.15.

Li Auto Days Inventory Historical Data

The historical data trend for Li Auto'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.

Li Auto Days Inventory Chart

Li Auto Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

332.48

35.34

22.66

42.88

26.22

Li Auto Quarterly Data
	Dec18	Mar19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial														39.79	39.62	24.76	19.90	18.24

Competitive Comparison of Li Auto's Days Inventory

For the Auto Manufacturers subindustry, Li Auto'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.

Li Auto's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Li Auto's Days Inventory distribution charts can be found below:

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

Li Auto Days Inventory Calculation

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

Li Auto'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
=	( (976.045	+	962.435)	/	2 )	/	13494.661	*	365
=	969.24					/	13494.661	*	365
=	26.22

Li Auto's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (825.806	+	962.435)	/	2 )	/	4473.994	*	365 / 4
=	894.1205					/	4473.994	*	365 / 4
=	18.24

Li Auto (NAS:LI) 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.

Li Auto's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4473.994	/	894.1205
	=	5.00

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.

Li Auto's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	894.1205	/	5844.668
	=	0.15

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.

Li Auto Days Inventory Related Terms

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

Li Auto (Li Auto) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Li Auto Inc (NAS:LI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

LIA:Mexico 02015:Hong Kong L87:Germany L87A:Germany L87A:Germany

Address

11 Wenliang Street, Shunyi District, Beijing, CHN, 101399

Website

https://www.lixiang.com

Li Auto is a leading Chinese NEV manufacturer that designs, develops, manufactures, and sells premium smart NEVs. The company started volume production of its first model Li One in November 2019. The model is a six-seater, large, premium plug-in electric SUV equipped with a range extension system and advanced smart vehicle solutions. It sold over 133,000 NEVs in 2022, accounting for about 2% of China's passenger new energy vehicle market. Beyond Li One, the company will expand its product line, including both BEVs and PHEVs, to target a broader consumer base.