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Zoy Home Furnishing Co (SHSE:603709) Days Inventory : 76.11 (As of Mar. 2024)


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What is Zoy Home Furnishing Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zoy Home Furnishing Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥216 Mil. Zoy Home Furnishing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥258 Mil. Hence, Zoy Home Furnishing Co's Days Inventory for the three months ended in Mar. 2024 was 76.11.

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

SHSE:603709' s Days Inventory Range Over the Past 10 Years
Min: 23.13   Med: 39.19   Max: 76.93
Current: 64.6

During the past 11 years, Zoy Home Furnishing Co's highest Days Inventory was 76.93. The lowest was 23.13. And the median was 39.19.

SHSE:603709's Days Inventory is ranked better than
73.95% of 403 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 104.38 vs SHSE:603709: 64.60

Zoy Home Furnishing Co's Days Inventory increased from Mar. 2023 (64.74) to Mar. 2024 (76.11). It might indicate that Zoy Home Furnishing Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zoy Home Furnishing Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.20.

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. Zoy Home Furnishing Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.62.


Zoy Home Furnishing Co Days Inventory Historical Data

The historical data trend for Zoy Home Furnishing 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.

Zoy Home Furnishing Co Days Inventory Chart

Zoy Home Furnishing 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 45.67 57.92 64.56 76.93 70.86

Zoy Home Furnishing 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 64.74 56.38 61.15 62.75 76.11

Competitive Comparison of Zoy Home Furnishing Co's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Zoy Home Furnishing 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.


Zoy Home Furnishing Co's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Zoy Home Furnishing Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Zoy Home Furnishing Co's Days Inventory falls into.



Zoy Home Furnishing Co Days Inventory Calculation

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

Zoy Home Furnishing 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
=( (112.088 + 207.214) / 2 ) / 822.403*365
=159.651 / 822.403*365
=70.86

Zoy Home Furnishing 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
=( (207.214 + 223.996) / 2 ) / 258.485*365 / 4
=215.605 / 258.485*365 / 4
=76.11

* 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.


Zoy Home Furnishing Co  (SHSE:603709) 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.

Zoy Home Furnishing 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.

Zoy Home Furnishing 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.


Zoy Home Furnishing Co Days Inventory Related Terms

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


Zoy Home Furnishing Co (SHSE:603709) Business Description

Traded in Other Exchanges
N/A
Address
Tangpu Industrial Park, Anji County, Zhejiang Province, Huzhou, CHN, 313300
Zoy Home Furnishing Co Ltd manufactures and markets furniture. The Company designs, produces, and sells ordinary and ergonomic sofas, and other related products. The company's products mainly include functional sofas, fixed sofas and single lounge chairs and others, such as manual function sofa, electric function sofa, armrest push back sofas, elderly chairs, household and commercial sofas and household and commercial single leisure chairs.

Zoy Home Furnishing Co (SHSE:603709) Headlines

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