Shanghai V-Test Semiconductor Tech Co (SHSE:688372) Days Inventory : 3.14 (As of Mar. 2024)

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What is Shanghai V-Test Semiconductor Tech Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shanghai V-Test Semiconductor Tech Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥4.6 Mil. Shanghai V-Test Semiconductor Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥134.8 Mil. Hence, Shanghai V-Test Semiconductor Tech Co's Days Inventory for the three months ended in Mar. 2024 was 3.14.

The historical rank and industry rank for Shanghai V-Test Semiconductor Tech Co's Days Inventory or its related term are showing as below:

SHSE:688372' s Days Inventory Range Over the Past 10 Years
Min: 2.67 Med: 9.59 Max: 16.31
Current: 2.67

During the past 6 years, Shanghai V-Test Semiconductor Tech Co's highest Days Inventory was 16.31. The lowest was 2.67. And the median was 9.59.

SHSE:688372's Days Inventory is ranked better than
98.94% of 944 companies
in the Semiconductors industry
Industry Median: 130.215 vs SHSE:688372: 2.67

Shanghai V-Test Semiconductor Tech Co's Days Inventory declined from Mar. 2023 (4.30) to Mar. 2024 (3.14).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanghai V-Test Semiconductor Tech Co's Inventory Turnover for the three months ended in Mar. 2024 was 29.03.

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 V-Test Semiconductor Tech Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.03.

Shanghai V-Test Semiconductor Tech Co Days Inventory Historical Data

The historical data trend for Shanghai V-Test Semiconductor Tech 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 V-Test Semiconductor Tech Co Days Inventory Chart

Shanghai V-Test Semiconductor Tech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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11.73

11.81

7.44

5.58

4.01

Shanghai V-Test Semiconductor Tech 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											4.30	2.46	2.10	2.71	3.14

Competitive Comparison of Shanghai V-Test Semiconductor Tech Co's Days Inventory

For the Semiconductors subindustry, Shanghai V-Test Semiconductor Tech 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 V-Test Semiconductor Tech Co's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Shanghai V-Test Semiconductor Tech Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shanghai V-Test Semiconductor Tech Co's Days Inventory falls into.

Shanghai V-Test Semiconductor Tech Co Days Inventory Calculation

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

Shanghai V-Test Semiconductor Tech 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
=	( (5.179	+	4.693)	/	2 )	/	449.551	*	365
=	4.936					/	449.551	*	365
=	4.01

Shanghai V-Test Semiconductor Tech 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
=	( (4.693	+	4.598)	/	2 )	/	134.84	*	365 / 4
=	4.6455					/	134.84	*	365 / 4
=	3.14

Shanghai V-Test Semiconductor Tech Co (SHSE:688372) 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 V-Test Semiconductor Tech Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	134.84	/	4.6455
	=	29.03

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 V-Test Semiconductor Tech Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.6455	/	183.553
	=	0.03

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 V-Test Semiconductor Tech Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Shanghai V-Test Semiconductor Tech Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai V-Test Semiconductor Tech Co (SHSE:688372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shanghai V-Test Semiconductor Tech Co Ltd (SHSE:688372) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 38 Dongsheng Road, 2nd Floor, Building 2, Area A, Pudong New Area, Shanghai, CHN, 201201

Website

http://www.v-test.com.cn

Shanghai V-Test Semiconductor Tech Co Ltd is engaged in the wafer testing, finished chip testing and supporting services related to integrated circuit testing.

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