Power Glory Battery Tech Shenzhen Co (BJSE:835237) Days Inventory : 111.25 (As of Mar. 2024)

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What is Power Glory Battery Tech Shenzhen Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Power Glory Battery Tech Shenzhen Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥66.6 Mil. Power Glory Battery Tech Shenzhen Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥54.6 Mil. Hence, Power Glory Battery Tech Shenzhen Co's Days Inventory for the three months ended in Mar. 2024 was 111.25.

The historical rank and industry rank for Power Glory Battery Tech Shenzhen Co's Days Inventory or its related term are showing as below:

BJSE:835237' s Days Inventory Range Over the Past 10 Years
Min: 88.89 Med: 105.47 Max: 155.49
Current: 101.47

During the past 11 years, Power Glory Battery Tech Shenzhen Co's highest Days Inventory was 155.49. The lowest was 88.89. And the median was 105.47.

BJSE:835237's Days Inventory is ranked better than
60.46% of 2898 companies
in the Industrial Products industry
Industry Median: 121.445 vs BJSE:835237: 101.47

Power Glory Battery Tech Shenzhen Co's Days Inventory declined from Mar. 2023 (131.17) to Mar. 2024 (111.25).

Inventory Turnover measures how fast the company turns over its inventory within a year. Power Glory Battery Tech Shenzhen Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.82.

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. Power Glory Battery Tech Shenzhen Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.82.

Power Glory Battery Tech Shenzhen Co Days Inventory Historical Data

The historical data trend for Power Glory Battery Tech Shenzhen 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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Power Glory Battery Tech Shenzhen Co Days Inventory Chart

Power Glory Battery Tech Shenzhen Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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88.89

88.92

97.62

113.83

98.52

Power Glory Battery Tech Shenzhen Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															131.17	102.21	86.92	99.49	111.25

Competitive Comparison of Power Glory Battery Tech Shenzhen Co's Days Inventory

For the Electrical Equipment & Parts subindustry, Power Glory Battery Tech Shenzhen 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.

Power Glory Battery Tech Shenzhen Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Power Glory Battery Tech Shenzhen Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Power Glory Battery Tech Shenzhen Co's Days Inventory falls into.

Power Glory Battery Tech Shenzhen Co Days Inventory Calculation

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

Power Glory Battery Tech Shenzhen 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
=	( (88.786	+	66.243)	/	2 )	/	287.164	*	365
=	77.5145					/	287.164	*	365
=	98.52

Power Glory Battery Tech Shenzhen 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
=	( (66.243	+	66.861)	/	2 )	/	54.589	*	365 / 4
=	66.552					/	54.589	*	365 / 4
=	111.25

Power Glory Battery Tech Shenzhen Co (BJSE:835237) 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.

Power Glory Battery Tech Shenzhen Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	54.589	/	66.552
	=	0.82

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.

Power Glory Battery Tech Shenzhen Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	66.552	/	81.347
	=	0.82

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.

Power Glory Battery Tech Shenzhen Co Days Inventory Related Terms

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

Power Glory Battery Tech Shenzhen Co (BJSE:835237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Power Glory Battery Tech Shenzhen Co Ltd (BJSE:835237) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 19 Xianfeng Road, Xiaoting District, Hubei Province, Yichang City, CHN, 443007

Website

https://www.szlijia.com

Power Glory Battery Tech Shenzhen Co Ltd engages in research, development, production, and sales of lithium miniature primary batteries. Its product comprises Lithium-Manganese Button Cell (CR series), Lithium-Manganese Button Cell (CR/PH series), Lithium Manganese Button Cell (CR/HT series), Poly-Carbon Monofluoride Lithium Battery (BR series), Hybrid Lithium-Ion Capacitor Battery (LSC series), Lithium-Manganese Cylindrical Battery, Lithium-Manganese Pouch Battery, Rechargeable Lithium-Manganese Button Cells (ML series), Lithium-Manganese Button Cells (CR-D Low-Temperature series), and Lithium-Manganese Button Cells (CR-T Wide-Temperature series).

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