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360 Ludashi Holdings (HKSE:03601) Days Inventory : 0.07 (As of Dec. 2023)


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What is 360 Ludashi Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). 360 Ludashi Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$0.2 Mil. 360 Ludashi Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$463.3 Mil. Hence, 360 Ludashi Holdings's Days Inventory for the six months ended in Dec. 2023 was 0.07.

The historical rank and industry rank for 360 Ludashi Holdings's Days Inventory or its related term are showing as below:

HKSE:03601' s Days Inventory Range Over the Past 10 Years
Min: 0.09   Med: 3.3   Max: 12.75
Current: 0.1

During the past 8 years, 360 Ludashi Holdings's highest Days Inventory was 12.75. The lowest was 0.09. And the median was 3.30.

HKSE:03601's Days Inventory is ranked better than
99.17% of 240 companies
in the Interactive Media industry
Industry Median: 18.305 vs HKSE:03601: 0.10

360 Ludashi Holdings's Days Inventory declined from Dec. 2022 (0.70) to Dec. 2023 (0.07).

Inventory Turnover measures how fast the company turns over its inventory within a year. 360 Ludashi Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 2,504.44.

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. 360 Ludashi Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.


360 Ludashi Holdings Days Inventory Historical Data

The historical data trend for 360 Ludashi Holdings'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.

360 Ludashi Holdings Days Inventory Chart

360 Ludashi Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 4.89 4.76 0.69 0.70 0.09

360 Ludashi Holdings Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.00 0.92 0.70 0.17 0.07

Competitive Comparison of 360 Ludashi Holdings's Days Inventory

For the Internet Content & Information subindustry, 360 Ludashi Holdings'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.


360 Ludashi Holdings's Days Inventory Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, 360 Ludashi Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where 360 Ludashi Holdings's Days Inventory falls into.



360 Ludashi Holdings Days Inventory Calculation

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

360 Ludashi Holdings'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
=( (0.185 + 0.145) / 2 ) / 684.213*365
=0.165 / 684.213*365
=0.09

360 Ludashi Holdings's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0.225 + 0.145) / 2 ) / 463.321*365 / 2
=0.185 / 463.321*365 / 2
=0.07

* 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.


360 Ludashi Holdings  (HKSE:03601) 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.

360 Ludashi Holdings's Inventory Turnover for the six months ended in Dec. 2023 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.

360 Ludashi Holdings's Inventory to Revenue for the six months ended in Dec. 2023 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.


360 Ludashi Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of 360 Ludashi Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


360 Ludashi Holdings (HKSE:03601) Business Description

Traded in Other Exchanges
N/A
Address
1268 Tianfu Avenue, 11th Floor, 11-24 Tianfu Software Site E1, High-tech Zone, Sichuan Province, Chengdu, CHN, 610041
360 Ludashi Holdings Ltd is a hardware and system benchmarking and monitoring solutions provider for PC and mobile devices in China. It is principally engaged in the online traffic monetization, electronic devices sales, provision of online advertising services, online game business, sales of smart accessories, certified pre-owned and factory smartphones and certified pre-owned and factory other electronic devices in the PRC. It derives a majority of revenue from online advertising services.

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