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Joinn Laboratories (China) Co (SHSE:603127) Days Inventory : 744.08 (As of Mar. 2024)


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What is Joinn Laboratories (China) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Joinn Laboratories (China) Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,779 Mil. Joinn Laboratories (China) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥218 Mil. Hence, Joinn Laboratories (China) Co's Days Inventory for the three months ended in Mar. 2024 was 744.08.

The historical rank and industry rank for Joinn Laboratories (China) Co's Days Inventory or its related term are showing as below:

SHSE:603127' s Days Inventory Range Over the Past 10 Years
Min: 95.41   Med: 207.23   Max: 543.03
Current: 530.69

During the past 12 years, Joinn Laboratories (China) Co's highest Days Inventory was 543.03. The lowest was 95.41. And the median was 207.23.

SHSE:603127's Days Inventory is ranked worse than
96.84% of 190 companies
in the Medical Diagnostics & Research industry
Industry Median: 66.175 vs SHSE:603127: 530.69

Joinn Laboratories (China) Co's Days Inventory declined from Mar. 2023 (1,173.29) to Mar. 2024 (744.08).

Inventory Turnover measures how fast the company turns over its inventory within a year. Joinn Laboratories (China) Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.12.

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. Joinn Laboratories (China) Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 5.48.


Joinn Laboratories (China) Co Days Inventory Historical Data

The historical data trend for Joinn Laboratories (China) 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.

Joinn Laboratories (China) Co Days Inventory Chart

Joinn Laboratories (China) 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 197.53 217.43 259.78 447.14 543.03

Joinn Laboratories (China) 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 1,173.29 535.73 589.60 385.94 744.08

Competitive Comparison of Joinn Laboratories (China) Co's Days Inventory

For the Diagnostics & Research subindustry, Joinn Laboratories (China) 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.


Joinn Laboratories (China) Co's Days Inventory Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Joinn Laboratories (China) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Joinn Laboratories (China) Co's Days Inventory falls into.



Joinn Laboratories (China) Co Days Inventory Calculation

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

Joinn Laboratories (China) 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
=( (2194.606 + 1863.082) / 2 ) / 1363.701*365
=2028.844 / 1363.701*365
=543.03

Joinn Laboratories (China) 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
=( (1863.082 + 1694.742) / 2 ) / 218.157*365 / 4
=1778.912 / 218.157*365 / 4
=744.08

* 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.


Joinn Laboratories (China) Co  (SHSE:603127) 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.

Joinn Laboratories (China) 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.

Joinn Laboratories (China) 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.


Joinn Laboratories (China) Co Days Inventory Related Terms

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Joinn Laboratories (China) Co (SHSE:603127) Business Description

Traded in Other Exchanges
Address
A5 Rongjing East Street, Beijing Economic-Technological Development Area, Beijing, CHN, 100176
Joinn Laboratories (China) Co Ltd is a non-clinical contract research organization(CRO) focused on drug safety assessment. It operates in three segments: Non-clinical studies services include drug safety assessment, drug metabolism & pharmacokinetics (DMPK) studies, & pharmacology & efficacy studies; Clinical trial & related services segment provides early-stage services such as clinical CRO services, co-managed phase I clinical research units, & bioanalytical services, and: Sales of research models engages in the design, production, breeding, & sales of research models, currently including non-human primates and rodents. The majority is from the Non- Clinical studies services. Its geographical segments are China, the United States, and Other countries, of which the majority is from China.

Joinn Laboratories (China) Co (SHSE:603127) Headlines

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