Days Inventory is also known as Days Sales of Inventory (DSI). Bestore Co's Average Total Inventories for the
three
months ended in Mar. 2024 was ¥512 Mil. Bestore Co's Cost of Goods Sold for the
three
months ended in Mar. 2024 was ¥1,804 Mil.
Hence, Bestore Co's Days Inventory for the
three
months ended in Mar. 2024 was 25.89.
The historical rank and industry rank for Bestore Co's Days Inventory or its related term are showing as below:
SHSE:603719'
s Days Inventory Range Over the Past 10 Years
Min: 27.44 Med: 54.67 Max: 81.99
Current: 27.44
During the past 9 years, Bestore Co's highest Days Inventory was 81.99. The lowest was 27.44. And the median was 54.67.
SHSE:603719's Days Inventory is ranked better than 90.87% of 1786
companies
in the Consumer Packaged Goods industry
Industry Median: 81.945
vs SHSE:603719: 27.44
Bestore Co's Days Inventory
declined
from Mar. 2023 (34.92) to Mar. 2024 (25.89).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Bestore Co's Inventory Turnover for the
three
months ended in Mar. 2024 was 3.53.
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.
Bestore Co's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.21.
Bestore Co Days Inventory Historical Data
The historical data trend for Bestore 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.
Competitive Comparison of Bestore Co's Days Inventory
For the Packaged Foods subindustry, Bestore 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.
Bestore Co's Days Inventory Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Bestore Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Bestore Co's Days Inventory falls into.
Bestore Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Bestore Co's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Bestore Co (SHSE:603719) 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.
Bestore 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.
Bestore 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.
Bestore Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Bestore Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Bestore Co Ltd is engaged in the procurement, sales and operation of snack foods. The company's products include bulk food including refrigerated frozen food, bulk cooked food; pre-packaged food including refrigerated frozen food; special food such as health products, infant formula milk powder, other infant formula; vegetables; dried fruits; flowers; daily necessities; agricultural products; agricultural and sideline products; hot foods including semi-finished foods; pastry foods including decorating foods; production and sale of homemade beverages including homemade fresh milk beverages; cold foods; raw foods including meat products, raw seafood foods; food packaging and processing; storage services, and venue rental.
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