Sunrise New Energy Co (Sunrise New Energy Co) Days Inventory : 178.01 (As of Jun. 2023)

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What is Sunrise New Energy Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sunrise New Energy Co's Average Total Inventories for the six months ended in Jun. 2023 was $19.59 Mil. Sunrise New Energy Co's Cost of Goods Sold for the six months ended in Jun. 2023 was $20.09 Mil. Hence, Sunrise New Energy Co's Days Inventory for the six months ended in Jun. 2023 was 178.01.

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

EPOW' s Days Inventory Range Over the Past 10 Years
Min: 99.1 Med: 320.04 Max: 568.87
Current: 122.35

During the past 6 years, Sunrise New Energy Co's highest Days Inventory was 568.87. The lowest was 99.10. And the median was 320.04.

EPOW's Days Inventory is ranked worse than
50.72% of 2904 companies
in the Industrial Products industry
Industry Median: 119.93 vs EPOW: 122.35

Sunrise New Energy Co's Days Inventory increased from Jun. 2022 (143.63) to Jun. 2023 (178.01). It might indicate that Sunrise New Energy Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sunrise New Energy Co's Inventory Turnover for the six months ended in Jun. 2023 was 1.03.

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. Sunrise New Energy Co's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.95.

Sunrise New Energy Co Days Inventory Historical Data

The historical data trend for Sunrise New Energy 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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Sunrise New Energy Co Days Inventory Chart

Sunrise New Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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568.87

367.08

273.00

99.10

Sunrise New Energy Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial							176.71	464.91	143.63	89.78	178.01

Competitive Comparison of Sunrise New Energy Co's Days Inventory

For the Electrical Equipment & Parts subindustry, Sunrise New Energy 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.

Sunrise New Energy Co's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Sunrise New Energy Co's Days Inventory falls into.

Sunrise New Energy Co Days Inventory Calculation

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

Sunrise New Energy 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
=	( (3.106	+	18.331)	/	2 )	/	39.476	*	365
=	10.7185					/	39.476	*	365
=	99.10

Sunrise New Energy Co's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (18.331	+	20.858)	/	2 )	/	20.089	*	365 / 2
=	19.5945					/	20.089	*	365 / 2
=	178.01

Sunrise New Energy Co (NAS:EPOW) 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.

Sunrise New Energy Co's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	20.089	/	19.5945
	=	1.03

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.

Sunrise New Energy Co's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19.5945	/	20.708
	=	0.95

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.

Sunrise New Energy Co Days Inventory Related Terms

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

Sunrise New Energy Co (Sunrise New Energy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunrise New Energy Co Ltd (NAS:EPOW) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

No. 69 Sanying Road, Zibo Science and Technology Industrial Entrepreneurship Park, Room 703, West Zone, R&D Building, Zhangdian District, Shandong Province, Zibo City, CHN

Website

https://www.sunrisenewenergy.com

Sunrise New Energy Co Ltd is engaged in the manufacturing and sale of graphite anode material for EVs and other lithium-ion batteries. The Company's joint venture is into the construction of a manufacturing plant in Guizhou Province. The plant runs on inexpensive electricity from renewable sources that enables the group to be a low-cost and low environmental impact producer of graphite anode material, Its products include GS-1, GS-2, GS-3, GZD-1, GLD-1, and GZ-1.