Anker Innovations Technology Co (SZSE:300866) Days Inventory : 91.23 (As of Sep. 2023)

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What is Anker Innovations Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Anker Innovations Technology Co's Average Total Inventories for the three months ended in Sep. 2023 was ¥2,668 Mil. Anker Innovations Technology Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥2,669 Mil. Hence, Anker Innovations Technology Co's Days Inventory for the three months ended in Sep. 2023 was 91.23.

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

SZSE:300866' s Days Inventory Range Over the Past 10 Years
Min: 66.4 Med: 83.56 Max: 103.92
Current: 85.59

During the past 7 years, Anker Innovations Technology Co's highest Days Inventory was 103.92. The lowest was 66.40. And the median was 83.56.

SZSE:300866's Days Inventory is ranked better than
60.08% of 2405 companies
in the Hardware industry
Industry Median: 103.88 vs SZSE:300866: 85.59

Anker Innovations Technology Co's Days Inventory declined from Sep. 2022 (95.33) to Sep. 2023 (91.23).

Inventory Turnover measures how fast the company turns over its inventory within a year. Anker Innovations Technology Co's Inventory Turnover for the three months ended in Sep. 2023 was 1.00.

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. Anker Innovations Technology Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.57.

Anker Innovations Technology Co Days Inventory Historical Data

The historical data trend for Anker Innovations Technology 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.

Anker Innovations Technology Co Days Inventory Chart

Anker Innovations Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

Get a 7-Day Free Trial

83.56

103.92

86.97

82.43

74.02

Anker Innovations Technology Co Quarterly Data
	Dec17	Dec18	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															95.33	62.25	79.37	93.98	91.23

Competitive Comparison of Anker Innovations Technology Co's Days Inventory

For the Consumer Electronics subindustry, Anker Innovations Technology 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.

Anker Innovations Technology Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Anker Innovations Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Anker Innovations Technology Co's Days Inventory falls into.

Anker Innovations Technology Co Days Inventory Calculation

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

Anker Innovations Technology 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
=	( (2061.257	+	1479.791)	/	2 )	/	8730.995	*	365
=	1770.524					/	8730.995	*	365
=	74.02

Anker Innovations Technology 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
=	( (2274.597	+	3062.213)	/	2 )	/	2668.981	*	365 / 4
=	2668.405					/	2668.981	*	365 / 4
=	91.23

Anker Innovations Technology Co (SZSE:300866) 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.

Anker Innovations Technology Co's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2668.981	/	2668.405
	=	1.00

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.

Anker Innovations Technology Co's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2668.405	/	4720.774
	=	0.57

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.

Anker Innovations Technology Co Days Inventory Related Terms

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

Anker Innovations Technology Co (SZSE:300866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Anker Innovations Technology Co Ltd (SZSE:300866) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Phase I, No. 39 Jianshan Road, Room 701, 7th Floor, Building 7, Hunan Province, Changsha China Power Software Park Co., Ltd, Changsha High-tech Development Zone, Changsha, CHN, 410205

Website

https://www.anker-in.com

Anker Innovations Technology Co Ltd development, design and sales of consumer electronic products such as mobile device peripheral products and smart hardware products of its own brand. The company's brands include Anker that provides wired and wireless charging products; Soundcore provides audio devices such as speakers and earphones; EUFY provides smart appliances such as home speaker, lights, vacuums and smart plugs; NEBULA provides smart, portable entertainment devices; and ROAV provides smart, connected services to any vehicle.

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