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Servyou Software Group Co (SHSE:603171) Days Inventory : 154.79 (As of Mar. 2024)


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What is Servyou Software Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Servyou Software Group Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥223 Mil. Servyou Software Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥131 Mil. Hence, Servyou Software Group Co's Days Inventory for the three months ended in Mar. 2024 was 154.79.

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

SHSE:603171' s Days Inventory Range Over the Past 10 Years
Min: 20.75   Med: 45.46   Max: 128.24
Current: 128.24

During the past 8 years, Servyou Software Group Co's highest Days Inventory was 128.24. The lowest was 20.75. And the median was 45.46.

SHSE:603171's Days Inventory is ranked worse than
84.09% of 1559 companies
in the Software industry
Industry Median: 19.53 vs SHSE:603171: 128.24

Servyou Software Group Co's Days Inventory declined from Mar. 2023 (206.68) to Mar. 2024 (154.79).

Inventory Turnover measures how fast the company turns over its inventory within a year. Servyou Software Group Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.59.

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. Servyou Software Group Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.61.


Servyou Software Group Co Days Inventory Historical Data

The historical data trend for Servyou Software Group 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.

Servyou Software Group Co Days Inventory Chart

Servyou Software Group Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 42.77 48.14 70.73 107.32 101.14

Servyou Software Group Co Quarterly Data
Dec18 Mar19 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 206.68 185.65 179.12 71.25 154.79

Competitive Comparison of Servyou Software Group Co's Days Inventory

For the Software - Application subindustry, Servyou Software Group 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.


Servyou Software Group Co's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Servyou Software Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Servyou Software Group Co's Days Inventory falls into.



Servyou Software Group Co Days Inventory Calculation

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

Servyou Software Group 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
=( (245.486 + 204.349) / 2 ) / 811.714*365
=224.9175 / 811.714*365
=101.14

Servyou Software Group 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
=( (204.349 + 241.512) / 2 ) / 131.416*365 / 4
=222.9305 / 131.416*365 / 4
=154.79

* 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.


Servyou Software Group Co  (SHSE:603171) 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.

Servyou Software Group 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.

Servyou Software Group 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.


Servyou Software Group Co Days Inventory Related Terms

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


Servyou Software Group Co (SHSE:603171) Business Description

Traded in Other Exchanges
N/A
Address
No. 3738, Nanhuan Road, Puyan Street, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310053
Servyou Software Group Co Ltd is a comprehensive service provider of fiscal and taxation information in China. It offers tax system development and operation and maintenance for tax authorities, and provides comprehensive Internet financial and taxation services for taxpayers and financial and tax intermediaries with the Yiqiying brand.
Executives
Zhou Ke Ren Director

Servyou Software Group Co (SHSE:603171) Headlines

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