Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) Days Inventory : 355.33 (As of Mar. 2024)

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What is Jiangsu King's Luck Brewery Joint-Stock Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiangsu King's Luck Brewery Joint-Stock Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥4,687 Mil. Jiangsu King's Luck Brewery Joint-Stock Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,204 Mil. Hence, Jiangsu King's Luck Brewery Joint-Stock Co's Days Inventory for the three months ended in Mar. 2024 was 355.33.

The historical rank and industry rank for Jiangsu King's Luck Brewery Joint-Stock Co's Days Inventory or its related term are showing as below:

SHSE:603369' s Days Inventory Range Over the Past 10 Years
Min: 567.22 Med: 661.54 Max: 743.1
Current: 627.33

During the past 13 years, Jiangsu King's Luck Brewery Joint-Stock Co's highest Days Inventory was 743.10. The lowest was 567.22. And the median was 661.54.

SHSE:603369's Days Inventory is ranked worse than
83.09% of 207 companies
in the Beverages - Alcoholic industry
Industry Median: 160.75 vs SHSE:603369: 627.33

Jiangsu King's Luck Brewery Joint-Stock Co's Days Inventory declined from Mar. 2023 (368.81) to Mar. 2024 (355.33).

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiangsu King's Luck Brewery Joint-Stock Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.26.

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 King's Luck Brewery Joint-Stock Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.00.

Jiangsu King's Luck Brewery Joint-Stock Co Days Inventory Historical Data

The historical data trend for Jiangsu King's Luck Brewery Joint-Stock 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.

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Jiangsu King's Luck Brewery Joint-Stock Co Days Inventory Chart

Jiangsu King's Luck Brewery Joint-Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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567.22

586.84

650.61

702.50

743.10

Jiangsu King's Luck Brewery Joint-Stock 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															368.81	592.13	797.85	2,053.32	355.33

Competitive Comparison of Jiangsu King's Luck Brewery Joint-Stock Co's Days Inventory

For the Beverages - Wineries & Distilleries subindustry, Jiangsu King's Luck Brewery Joint-Stock 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 King's Luck Brewery Joint-Stock Co's Days Inventory Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Jiangsu King's Luck Brewery Joint-Stock Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jiangsu King's Luck Brewery Joint-Stock Co's Days Inventory falls into.

Jiangsu King's Luck Brewery Joint-Stock Co Days Inventory Calculation

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

Jiangsu King's Luck Brewery Joint-Stock 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
=	( (3909.663	+	4996.079)	/	2 )	/	2187.172	*	365
=	4452.871					/	2187.172	*	365
=	743.10

Jiangsu King's Luck Brewery Joint-Stock 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
=	( (4996.079	+	4378.734)	/	2 )	/	1203.749	*	365 / 4
=	4687.4065					/	1203.749	*	365 / 4
=	355.33

Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) 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 King's Luck Brewery Joint-Stock Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1203.749	/	4687.4065
	=	0.26

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 King's Luck Brewery Joint-Stock Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4687.4065	/	4670.782
	=	1.00

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 King's Luck Brewery Joint-Stock Co Days Inventory Related Terms

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

Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Jiangsu King's Luck Brewery Joint-Stock Co Ltd (SHSE:603369) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Zhen present margin Avenue, Lianshui high, Jiangsu Province, Huaian, CHN

Website

http://www.jinshiyuan.com.cn

Jiangsu King's Luck Brewery Joint-Stock Co Ltd is a China-based company engages in the manufacturing and distribution of liquor. It is engaged in the manufacture and sale of Distilled spirit wine. It also offers pre-packaged food. The company conducts its businesses mainly within Jiangsu province.

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