Shanghai Orient-Chip Technology Co (SHSE:688061) Days Inventory : 163.15 (As of Mar. 2024)

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What is Shanghai Orient-Chip Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shanghai Orient-Chip Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥149.3 Mil. Shanghai Orient-Chip Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥83.5 Mil. Hence, Shanghai Orient-Chip Technology Co's Days Inventory for the three months ended in Mar. 2024 was 163.15.

The historical rank and industry rank for Shanghai Orient-Chip Technology Co's Days Inventory or its related term are showing as below:

SHSE:688061' s Days Inventory Range Over the Past 10 Years
Min: 92.91 Med: 117.42 Max: 154
Current: 148.77

During the past 6 years, Shanghai Orient-Chip Technology Co's highest Days Inventory was 154.00. The lowest was 92.91. And the median was 117.42.

SHSE:688061's Days Inventory is ranked worse than
59.75% of 944 companies
in the Semiconductors industry
Industry Median: 130.215 vs SHSE:688061: 148.77

Shanghai Orient-Chip Technology Co's Days Inventory declined from Mar. 2023 (248.28) to Mar. 2024 (163.15).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanghai Orient-Chip Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.56.

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. Shanghai Orient-Chip Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.30.

Shanghai Orient-Chip Technology Co Days Inventory Historical Data

The historical data trend for Shanghai Orient-Chip Technology 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.

Shanghai Orient-Chip Technology Co Days Inventory Chart

Shanghai Orient-Chip Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

101.19

96.89

92.91

133.64

154.00

Shanghai Orient-Chip Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial											248.28	137.66	168.27	126.10	163.15

Competitive Comparison of Shanghai Orient-Chip Technology Co's Days Inventory

For the Semiconductors subindustry, Shanghai Orient-Chip Technology 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.

Shanghai Orient-Chip Technology Co's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Shanghai Orient-Chip Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shanghai Orient-Chip Technology Co's Days Inventory falls into.

Shanghai Orient-Chip Technology Co Days Inventory Calculation

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

Shanghai Orient-Chip Technology 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
=	( (131.436	+	139.17)	/	2 )	/	320.695	*	365
=	135.303					/	320.695	*	365
=	154.00

Shanghai Orient-Chip Technology 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
=	( (139.17	+	159.475)	/	2 )	/	83.518	*	365 / 4
=	149.3225					/	83.518	*	365 / 4
=	163.15

Shanghai Orient-Chip Technology Co (SHSE:688061) 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.

Shanghai Orient-Chip Technology Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	83.518	/	149.3225
	=	0.56

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.

Shanghai Orient-Chip Technology Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	149.3225	/	115.177
	=	1.30

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.

Shanghai Orient-Chip Technology Co Days Inventory Related Terms

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Shanghai Orient-Chip Technology Co (SHSE:688061) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shanghai Orient-Chip Technology Co Ltd (SHSE:688061) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 149 Yanchang Road, Room 308, Science and Technology Building, Shanghai, CHN, 200072

Website

http://www.orient-chip.com

Shanghai Orient-Chip Technology Co Ltd is engaged in the research and development, design, packaging, testing and sales of high-performance digital-analog hybrid integrated circuits and analog integrated circuits.

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