Luckin Coffee (Luckin Coffee) Days Inventory : 28.20 (As of Dec. 2023)

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What is Luckin Coffee Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Luckin Coffee's Average Total Inventories for the three months ended in Dec. 2023 was $262 Mil. Luckin Coffee's Cost of Goods Sold for the three months ended in Dec. 2023 was $848 Mil. Hence, Luckin Coffee's Days Inventory for the three months ended in Dec. 2023 was 28.20.

The historical rank and industry rank for Luckin Coffee's Days Inventory or its related term are showing as below:

LKNCY' s Days Inventory Range Over the Past 10 Years
Min: 25.28 Med: 29.25 Max: 39.7
Current: 33.84

During the past 7 years, Luckin Coffee's highest Days Inventory was 39.70. The lowest was 25.28. And the median was 29.25.

LKNCY's Days Inventory is ranked worse than
75.15% of 338 companies
in the Restaurants industry
Industry Median: 15.59 vs LKNCY: 33.84

Luckin Coffee's Days Inventory declined from Dec. 2022 (30.73) to Dec. 2023 (28.20).

Inventory Turnover measures how fast the company turns over its inventory within a year. Luckin Coffee's Inventory Turnover for the three months ended in Dec. 2023 was 3.24.

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. Luckin Coffee's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.26.

Luckin Coffee Days Inventory Historical Data

The historical data trend for Luckin Coffee'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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Luckin Coffee Days Inventory Chart

Luckin Coffee Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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30.51

27.98

27.68

39.70

37.14

Luckin Coffee Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															30.73	43.92	36.14	30.31	28.20

Competitive Comparison of Luckin Coffee's Days Inventory

For the Restaurants subindustry, Luckin Coffee'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.

Luckin Coffee's Days Inventory Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Luckin Coffee's Days Inventory distribution charts can be found below:

* The bar in red indicates where Luckin Coffee's Days Inventory falls into.

Luckin Coffee Days Inventory Calculation

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

Luckin Coffee'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
=	( (173.052	+	308.675)	/	2 )	/	2367.101	*	365
=	240.8635					/	2367.101	*	365
=	37.14

Luckin Coffee'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (215.274	+	308.675)	/	2 )	/	847.782	*	365 / 4
=	261.9745					/	847.782	*	365 / 4
=	28.20

Luckin Coffee (OTCPK:LKNCY) 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.

Luckin Coffee's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	847.782	/	261.9745
	=	3.24

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.

Luckin Coffee's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	261.9745	/	989.464
	=	0.26

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.

Luckin Coffee Days Inventory Related Terms

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

Luckin Coffee (Luckin Coffee) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Luckin Coffee Inc (OTCPK:LKNCY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

0A6U:UK LC0A:Germany

Address

1-3 Taibei Road, 28th Floor, Building T3, Haixi Jingu Plaza, Siming District, Fujian, Xiamen, CHN, 361008

Website

https://investor.luckincoffee.com

Luckin Coffee Inc is a China based company engaged in operation of coffee stores. It sources its Arabica coffee beans from various suppliers and engage World Barista Champion teams to design its coffee recipes. The company also has partnered with suppliers for other products such as juices and light meals.