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Haier Smart Home Co (SHSE:600690) Days Inventory : 87.45 (As of Dec. 2023)


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What is Haier Smart Home Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Haier Smart Home Co's Average Total Inventories for the three months ended in Dec. 2023 was ¥39,686 Mil. Haier Smart Home Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥41,412 Mil. Hence, Haier Smart Home Co's Days Inventory for the three months ended in Dec. 2023 was 87.45.

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

SHSE:600690' s Days Inventory Range Over the Past 10 Years
Min: 41.43   Med: 64.12   Max: 88.93
Current: 81.74

During the past 13 years, Haier Smart Home Co's highest Days Inventory was 88.93. The lowest was 41.43. And the median was 64.12.

SHSE:600690's Days Inventory is ranked better than
62.07% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 105.195 vs SHSE:600690: 81.74

Haier Smart Home Co's Days Inventory declined from Dec. 2022 (95.05) to Dec. 2023 (87.45).

Inventory Turnover measures how fast the company turns over its inventory within a year. Haier Smart Home Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.04.

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. Haier Smart Home Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.63.


Haier Smart Home Co Days Inventory Historical Data

The historical data trend for Haier Smart Home 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.

Haier Smart Home Co Days Inventory Chart

Haier Smart Home 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 65.61 71.37 81.17 88.93 82.67

Haier Smart Home Co Quarterly Data
Mar19 Jun19 Sep19 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 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 95.05 80.73 80.35 78.08 87.45

Competitive Comparison of Haier Smart Home Co's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Haier Smart Home 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.


Haier Smart Home Co's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Haier Smart Home Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Haier Smart Home Co's Days Inventory falls into.



Haier Smart Home Co Days Inventory Calculation

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

Haier Smart Home 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
=( (41587.786 + 39524.007) / 2 ) / 179053.96*365
=40555.8965 / 179053.96*365
=82.67

Haier Smart Home Co'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
=( (39848.256 + 39524.007) / 2 ) / 41411.991*365 / 4
=39686.1315 / 41411.991*365 / 4
=87.45

* 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.


Haier Smart Home Co  (SHSE:600690) 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.

Haier Smart Home Co's Inventory Turnover for the three months ended in Dec. 2023 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.

Haier Smart Home Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=39686.1315 / 62770.48
=0.63

* 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.


Haier Smart Home Co Days Inventory Related Terms

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


Haier Smart Home Co (SHSE:600690) Business Description

Traded in Other Exchanges
Address
Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, CHN, 266101
Haier Smart Home Co Ltd manufactures and distributes household electrical appliances. It offers products such as refrigerators, air conditioners, washing machine, microwave ovens, smoke exhausters, gas stoves, dishwashers, electrical water heaters and others under the brand name Haier, Casarte, Leader, AQUA and Fisher & Paykel. The company has three business segments namely China smart home business: Overseas home appliance and smart home business segment Other business segments. The products of the group are traded in mainland China and in other overseas markets including Hong Kong, Macau, and Taiwan.

Haier Smart Home Co (SHSE:600690) Headlines

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