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Beijing Piesat Information Technology Co (SHSE:688066) Days Inventory : 1,171.17 (As of Mar. 2024)


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What is Beijing Piesat Information Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Beijing Piesat Information Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,761 Mil. Beijing Piesat Information Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥137 Mil. Hence, Beijing Piesat Information Technology Co's Days Inventory for the three months ended in Mar. 2024 was 1,171.17.

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

SHSE:688066' s Days Inventory Range Over the Past 10 Years
Min: 101.09   Med: 144.36   Max: 479.57
Current: 479.57

During the past 8 years, Beijing Piesat Information Technology Co's highest Days Inventory was 479.57. The lowest was 101.09. And the median was 144.36.

SHSE:688066's Days Inventory is ranked worse than
97.32% of 1565 companies
in the Software industry
Industry Median: 19.61 vs SHSE:688066: 479.57

Beijing Piesat Information Technology Co's Days Inventory increased from Mar. 2023 (690.09) to Mar. 2024 (1,171.17). It might indicate that Beijing Piesat Information Technology Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Beijing Piesat Information Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.08.

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. Beijing Piesat Information Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 7.95.


Beijing Piesat Information Technology Co Days Inventory Historical Data

The historical data trend for Beijing Piesat Information 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.

Beijing Piesat Information Technology Co Days Inventory Chart

Beijing Piesat Information Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 141.32 147.39 122.05 161.46 383.19

Beijing Piesat Information Technology 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 690.09 316.81 363.79 495.23 1,171.17

Competitive Comparison of Beijing Piesat Information Technology Co's Days Inventory

For the Software - Infrastructure subindustry, Beijing Piesat Information 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.


Beijing Piesat Information Technology Co's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Beijing Piesat Information Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Beijing Piesat Information Technology Co's Days Inventory falls into.



Beijing Piesat Information Technology Co Days Inventory Calculation

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

Beijing Piesat Information 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
=( (839.342 + 1607.828) / 2 ) / 1165.487*365
=1223.585 / 1165.487*365
=383.19

Beijing Piesat Information 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
=( (1607.828 + 1913.774) / 2 ) / 137.19*365 / 4
=1760.801 / 137.19*365 / 4
=1,171.17

* 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.


Beijing Piesat Information Technology Co  (SHSE:688066) 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.

Beijing Piesat Information Technology 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.

Beijing Piesat Information Technology 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.


Beijing Piesat Information Technology Co Days Inventory Related Terms

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


Beijing Piesat Information Technology Co (SHSE:688066) Business Description

Traded in Other Exchanges
N/A
Address
Xingshikou Road, Room 301, 3rd Floor, Building 5, 4th District, Haidian District, Beijing, CHN, 100195
Beijing Piesat Information Technology Co Ltd is a satellite application service provider in China. It is one of the first platform companies in china to engage in satellite applications and spatiotemporal big data empowerment industries. Its business model of digitization and information services, which is a domestic and internationally advanced smart earth spatio-temporal big data service provider. The company provides a full range of products and services which is based on multi-source remote sensing big data that is developed based on the independent intellectual property PIE-Engine remote sensing cloud service platform.

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