Shentong Technology Group Co (SHSE:605228) Days Inventory : 94.37 (As of Mar. 2024)

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What is Shentong Technology Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shentong Technology Group Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥249 Mil. Shentong Technology Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥241 Mil. Hence, Shentong Technology Group Co's Days Inventory for the three months ended in Mar. 2024 was 94.37.

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

SHSE:605228' s Days Inventory Range Over the Past 10 Years
Min: 78.59 Med: 91.37 Max: 106.03
Current: 78.59

During the past 8 years, Shentong Technology Group Co's highest Days Inventory was 106.03. The lowest was 78.59. And the median was 91.37.

SHSE:605228's Days Inventory is ranked better than
52.42% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 81.74 vs SHSE:605228: 78.59

Shentong Technology Group Co's Days Inventory declined from Mar. 2023 (123.07) to Mar. 2024 (94.37).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shentong Technology Group Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.97.

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. Shentong Technology Group Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.83.

Shentong Technology Group Co Days Inventory Historical Data

The historical data trend for Shentong Technology 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.

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Shentong Technology Group Co Days Inventory Chart

Shentong Technology Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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93.10

85.27

99.18

106.03

80.35

Shentong Technology Group 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															123.07	85.82	90.77	55.37	94.37

Competitive Comparison of Shentong Technology Group Co's Days Inventory

For the Auto Parts subindustry, Shentong Technology 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.

Shentong Technology Group Co's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shentong Technology Group Co's Days Inventory distribution charts can be found below:

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

Shentong Technology Group Co Days Inventory Calculation

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

Shentong Technology 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
=	( (348.257	+	232.86)	/	2 )	/	1319.968	*	365
=	290.5585					/	1319.968	*	365
=	80.35

Shentong Technology 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
=	( (232.86	+	265.25)	/	2 )	/	240.833	*	365 / 4
=	249.055					/	240.833	*	365 / 4
=	94.37

Shentong Technology Group Co (SHSE:605228) 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.

Shentong Technology Group Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	240.833	/	249.055
	=	0.97

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.

Shentong Technology Group Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	249.055	/	300.391
	=	0.83

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.

Shentong Technology Group Co Days Inventory Related Terms

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

Shentong Technology Group Co (SHSE:605228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shentong Technology Group Co Ltd (SHSE:605228) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 788, Tanjialing West Road, Lanjiang Street, Zhejiang Province, Yuyao, CHN, 315400

Website

http://www.shentong-china.com

Shentong Technology Group Co Ltd is engaged in the research and development, production and sales of automotive non-metallic parts and molds. The main products include automotive powertrain parts, interior and exterior trim parts and molds.

Executives

Wu Chao	senior management
Zhu Chun Ya	Directors, senior managers
Zhou Bao Cong	Director
Wang Huan	Director

Shentong Technology Group Co (SHSE:605228) Headlines

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