Goneo Group Co (SHSE:603195) Days Inventory : 44.31 (As of Sep. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Goneo Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Goneo Group Co's Average Total Inventories for the three months ended in Sep. 2023 was ¥1,079 Mil. Goneo Group Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥2,222 Mil. Hence, Goneo Group Co's Days Inventory for the three months ended in Sep. 2023 was 44.31.

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

SHSE:603195' s Days Inventory Range Over the Past 10 Years
Min: 47.43 Med: 55.11 Max: 57.64
Current: 47.43

During the past 8 years, Goneo Group Co's highest Days Inventory was 57.64. The lowest was 47.43. And the median was 55.11.

SHSE:603195's Days Inventory is ranked better than
89.37% of 2907 companies
in the Industrial Products industry
Industry Median: 119.85 vs SHSE:603195: 47.43

Goneo Group Co's Days Inventory declined from Sep. 2022 (56.99) to Sep. 2023 (44.31).

Inventory Turnover measures how fast the company turns over its inventory within a year. Goneo Group Co's Inventory Turnover for the three months ended in Sep. 2023 was 2.06.

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. Goneo Group Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.27.

Goneo Group Co Days Inventory Historical Data

The historical data trend for Goneo Group 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.

Goneo Group Co Days Inventory Chart

Goneo Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

Get a 7-Day Free Trial

56.36

55.56

53.60

50.61

55.65

Goneo Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															56.99	56.40	49.13	38.26	44.31

Competitive Comparison of Goneo Group Co's Days Inventory

For the Electrical Equipment & Parts subindustry, Goneo Group 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.

Goneo Group Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Goneo Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Goneo Group Co's Days Inventory falls into.

Goneo Group Co Days Inventory Calculation

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

Goneo Group Co's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1376.987	+	1285.218)	/	2 )	/	8730.083	*	365
=	1331.1025					/	8730.083	*	365
=	55.65

Goneo Group Co's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1058.688	+	1099.245)	/	2 )	/	2221.786	*	365 / 4
=	1078.9665					/	2221.786	*	365 / 4
=	44.31

Goneo Group Co (SHSE:603195) 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.

Goneo Group Co's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2221.786	/	1078.9665
	=	2.06

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.

Goneo Group Co's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1078.9665	/	4014.399
	=	0.27

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.

Goneo Group Co Days Inventory Related Terms

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

Goneo Group Co (SHSE:603195) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Goneo Group Co Ltd (SHSE:603195) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 32 Sanhai Road, East Guanhaiwei Industrial Zone, Guanhaiwei Town, Zhejiang Province, Cixi, CHN, 315314

Website

http://www.gongniu.cn

Gongniu Group Co Ltd is engaged in the research, development, manufacture, and sale of civil electrical products such as extended line sockets, wall switches, LED lighting, and digital accessories. The company's products include Power Strips, High-end Power Strip, USB Power Strip, Digital Accessories, Decorative Switch Socket, and Eye-care LED Light.

Goneo Group Co (SHSE:603195) Headlines

No Headlines