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Jiangsu Zongyi Co (SHSE:600770) Days Inventory : 101.93 (As of Mar. 2024)


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What is Jiangsu Zongyi Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiangsu Zongyi Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥56.4 Mil. Jiangsu Zongyi Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥50.5 Mil. Hence, Jiangsu Zongyi Co's Days Inventory for the three months ended in Mar. 2024 was 101.93.

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

SHSE:600770' s Days Inventory Range Over the Past 10 Years
Min: 88.25   Med: 117.82   Max: 346.27
Current: 109.2

During the past 13 years, Jiangsu Zongyi Co's highest Days Inventory was 346.27. The lowest was 88.25. And the median was 117.82.

SHSE:600770's Days Inventory is ranked better than
58.49% of 942 companies
in the Semiconductors industry
Industry Median: 130.1 vs SHSE:600770: 109.20

Jiangsu Zongyi Co's Days Inventory increased from Mar. 2023 (92.04) to Mar. 2024 (101.93). It might indicate that Jiangsu Zongyi Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiangsu Zongyi Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.90.

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. Jiangsu Zongyi Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.89.


Jiangsu Zongyi Co Days Inventory Historical Data

The historical data trend for Jiangsu Zongyi 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.

Jiangsu Zongyi Co Days Inventory Chart

Jiangsu Zongyi Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 89.63 116.11 123.10 124.39 115.81

Jiangsu Zongyi Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 92.04 118.80 90.28 130.27 101.93

Competitive Comparison of Jiangsu Zongyi Co's Days Inventory

For the Semiconductors subindustry, Jiangsu Zongyi 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.


Jiangsu Zongyi Co's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Jiangsu Zongyi Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jiangsu Zongyi Co's Days Inventory falls into.



Jiangsu Zongyi Co Days Inventory Calculation

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

Jiangsu Zongyi 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
=( (70.12 + 59.257) / 2 ) / 203.872*365
=64.6885 / 203.872*365
=115.81

Jiangsu Zongyi 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
=( (59.257 + 53.549) / 2 ) / 50.491*365 / 4
=56.403 / 50.491*365 / 4
=101.93

* 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.


Jiangsu Zongyi Co  (SHSE:600770) 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.

Jiangsu Zongyi Co's Inventory Turnover for the three months ended in Mar. 2024 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.

Jiangsu Zongyi Co's Inventory to Revenue for the three months ended in Mar. 2024 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.


Jiangsu Zongyi Co Days Inventory Related Terms

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


Jiangsu Zongyi Co (SHSE:600770) Business Description

Traded in Other Exchanges
N/A
Address
Zongyi Digital City, Gold Village, Xingdong Town, Tongzhou District, Jiangsu Province, Tongzhou, CHN, 226376
Jiangsu Zongyi Co Ltd is a China-based supplier of solar photovoltaic (PV) system integration and the operator of PV power plant construction. The company has built and operated photovoltaic power plants in different countries such as the United States, Germany, Italy, Czech Republic, Bulgaria, and others.
Executives
Zan Sheng Da Director
Lu Jian Feng senior management
Huang Tian Hong senior management
Xing Guang Xin Director
Qian Zhi Hua senior management
Gu Zheng Wei senior management
Chen Yi Director
Qu Guang Cheng Director
Gu Feng Ming senior management

Jiangsu Zongyi Co (SHSE:600770) Headlines

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