Jason Furniture (Hangzhou) Co (SHSE:603816) Days Inventory : 45.47 (As of Sep. 2023)

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What is Jason Furniture (Hangzhou) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jason Furniture (Hangzhou) Co's Average Total Inventories for the three months ended in Sep. 2023 was ¥1,735 Mil. Jason Furniture (Hangzhou) Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥3,483 Mil. Hence, Jason Furniture (Hangzhou) Co's Days Inventory for the three months ended in Sep. 2023 was 45.47.

The historical rank and industry rank for Jason Furniture (Hangzhou) Co's Days Inventory or its related term are showing as below:

SHSE:603816' s Days Inventory Range Over the Past 10 Years
Min: 53.7 Med: 66.36 Max: 85.51
Current: 53.7

During the past 12 years, Jason Furniture (Hangzhou) Co's highest Days Inventory was 85.51. The lowest was 53.70. And the median was 66.36.

SHSE:603816's Days Inventory is ranked better than
83.74% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 105.195 vs SHSE:603816: 53.70

Jason Furniture (Hangzhou) Co's Days Inventory declined from Sep. 2022 (56.11) to Sep. 2023 (45.47).

Inventory Turnover measures how fast the company turns over its inventory within a year. Jason Furniture (Hangzhou) Co's Inventory Turnover for the three months ended in Sep. 2023 was 2.01.

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. Jason Furniture (Hangzhou) Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.33.

Jason Furniture (Hangzhou) Co Days Inventory Historical Data

The historical data trend for Jason Furniture (Hangzhou) 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.

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Jason Furniture (Hangzhou) Co Days Inventory Chart

Jason Furniture (Hangzhou) Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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63.82

61.33

64.55

60.32

63.35

Jason Furniture (Hangzhou) 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															56.11	64.36	61.24	45.59	45.47

Competitive Comparison of Jason Furniture (Hangzhou) Co's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Jason Furniture (Hangzhou) 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.

Jason Furniture (Hangzhou) Co's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Jason Furniture (Hangzhou) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jason Furniture (Hangzhou) Co's Days Inventory falls into.

Jason Furniture (Hangzhou) Co Days Inventory Calculation

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

Jason Furniture (Hangzhou) 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
=	( (2441.045	+	1883.289)	/	2 )	/	12457.453	*	365
=	2162.167					/	12457.453	*	365
=	63.35

Jason Furniture (Hangzhou) 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
=	( (1676.672	+	1794.191)	/	2 )	/	3482.669	*	365 / 4
=	1735.4315					/	3482.669	*	365 / 4
=	45.47

Jason Furniture (Hangzhou) Co (SHSE:603816) 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.

Jason Furniture (Hangzhou) Co's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3482.669	/	1735.4315
	=	2.01

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.

Jason Furniture (Hangzhou) Co's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1735.4315	/	5257.879
	=	0.33

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.

Jason Furniture (Hangzhou) Co Days Inventory Related Terms

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

Jason Furniture (Hangzhou) Co (SHSE:603816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Jason Furniture (Hangzhou) Co Ltd (SHSE:603816) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.599-1, Dongning Road, Gujia Building, Jianggan District, Hangzhou, CHN

Website

http://www.kukahome.com

Jason Furniture (Hangzhou) Co Ltd is a China-based company engaged in the home furnishing industry. The group researches, develops, produces and sales home appliances in the living room and bedroom. The product offered by the group includes leather Sofas, Recliner Chairs, Fabric Sofas, Beds, Mattresses, Dining Chairs, Barstools, and others. Geographically, it operates through china however its products are sold in both Chinese and international market.

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