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Hangzhou Great Star Industrial Co (SZSE:002444) Days Inventory : 106.39 (As of Mar. 2024)


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What is Hangzhou Great Star Industrial Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hangzhou Great Star Industrial Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥2,645 Mil. Hangzhou Great Star Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,269 Mil. Hence, Hangzhou Great Star Industrial Co's Days Inventory for the three months ended in Mar. 2024 was 106.39.

The historical rank and industry rank for Hangzhou Great Star Industrial Co's Days Inventory or its related term are showing as below:

SZSE:002444' s Days Inventory Range Over the Past 10 Years
Min: 32.29   Med: 78.32   Max: 131.76
Current: 125.56

During the past 13 years, Hangzhou Great Star Industrial Co's highest Days Inventory was 131.76. The lowest was 32.29. And the median was 78.32.

SZSE:002444's Days Inventory is ranked worse than
56.44% of 2904 companies
in the Industrial Products industry
Industry Median: 119.805 vs SZSE:002444: 125.56

Hangzhou Great Star Industrial Co's Days Inventory declined from Mar. 2023 (139.05) to Mar. 2024 (106.39).

Inventory Turnover measures how fast the company turns over its inventory within a year. Hangzhou Great Star Industrial Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.86.

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. Hangzhou Great Star Industrial Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.80.


Hangzhou Great Star Industrial Co Days Inventory Historical Data

The historical data trend for Hangzhou Great Star Industrial 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.

Hangzhou Great Star Industrial Co Days Inventory Chart

Hangzhou Great Star Industrial 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 88.91 79.45 94.24 111.24 131.76

Hangzhou Great Star Industrial 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 139.05 137.34 114.46 156.50 106.39

Competitive Comparison of Hangzhou Great Star Industrial Co's Days Inventory

For the Tools & Accessories subindustry, Hangzhou Great Star Industrial 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.


Hangzhou Great Star Industrial Co's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Hangzhou Great Star Industrial Co's Days Inventory falls into.



Hangzhou Great Star Industrial Co Days Inventory Calculation

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

Hangzhou Great Star Industrial 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
=( (2812.573 + 2569.302) / 2 ) / 7454.122*365
=2690.9375 / 7454.122*365
=131.76

Hangzhou Great Star Industrial 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
=( (2569.302 + 2720.804) / 2 ) / 2268.566*365 / 4
=2645.053 / 2268.566*365 / 4
=106.39

* 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.


Hangzhou Great Star Industrial Co  (SZSE:002444) 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.

Hangzhou Great Star Industrial 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.

Hangzhou Great Star Industrial 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.


Hangzhou Great Star Industrial Co Days Inventory Related Terms

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


Hangzhou Great Star Industrial Co (SZSE:002444) Business Description

Traded in Other Exchanges
N/A
Address
No.35 Jiuhuan Road, Shangcheng District, Zhejiang, Hangzhou, CHN, 310019
Hangzhou Great Star Industrial Co Ltd is a developer, manufacturer, and supplier of tools, the company is a hand tool vendor in Asia. Its products include Hand tools; Specialty tools like drywall tools, masonry tools, painting tools, tile tools, electrical tools, plumbing tools, automotive tools, Garden tools; Power tools, Tool sets, Flashlights.

Hangzhou Great Star Industrial Co (SZSE:002444) Headlines

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