Cubic Sensor and Instrument Co (SHSE:688665) Days Inventory : 218.64 (As of Mar. 2024)

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What is Cubic Sensor and Instrument Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cubic Sensor and Instrument Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥198.1 Mil. Cubic Sensor and Instrument Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥82.7 Mil. Hence, Cubic Sensor and Instrument Co's Days Inventory for the three months ended in Mar. 2024 was 218.64.

The historical rank and industry rank for Cubic Sensor and Instrument Co's Days Inventory or its related term are showing as below:

SHSE:688665' s Days Inventory Range Over the Past 10 Years
Min: 162.79 Med: 183.1 Max: 298.47
Current: 178.77

During the past 7 years, Cubic Sensor and Instrument Co's highest Days Inventory was 298.47. The lowest was 162.79. And the median was 183.10.

SHSE:688665's Days Inventory is ranked worse than
76.11% of 2407 companies
in the Hardware industry
Industry Median: 102.45 vs SHSE:688665: 178.77

Cubic Sensor and Instrument Co's Days Inventory increased from Mar. 2023 (215.51) to Mar. 2024 (218.64). It might indicate that Cubic Sensor and Instrument Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cubic Sensor and Instrument Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.42.

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. Cubic Sensor and Instrument Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.40.

Cubic Sensor and Instrument Co Days Inventory Historical Data

The historical data trend for Cubic Sensor and Instrument 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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Cubic Sensor and Instrument Co Days Inventory Chart

Cubic Sensor and Instrument Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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187.79

183.10

162.79

179.14

172.90

Cubic Sensor and Instrument Co Quarterly Data
	Mar19	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															215.51	198.58	182.61	134.17	218.64

Competitive Comparison of Cubic Sensor and Instrument Co's Days Inventory

For the Electronic Components subindustry, Cubic Sensor and Instrument 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.

Cubic Sensor and Instrument Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cubic Sensor and Instrument Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Cubic Sensor and Instrument Co's Days Inventory falls into.

Cubic Sensor and Instrument Co Days Inventory Calculation

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

Cubic Sensor and Instrument 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
=	( (177.42	+	182.104)	/	2 )	/	379.486	*	365
=	179.762					/	379.486	*	365
=	172.90

Cubic Sensor and Instrument 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
=	( (182.104	+	213.996)	/	2 )	/	82.658	*	365 / 4
=	198.05					/	82.658	*	365 / 4
=	218.64

Cubic Sensor and Instrument Co (SHSE:688665) 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.

Cubic Sensor and Instrument Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	82.658	/	198.05
	=	0.42

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.

Cubic Sensor and Instrument Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	198.05	/	141.872
	=	1.40

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.

Cubic Sensor and Instrument Co Days Inventory Related Terms

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

Cubic Sensor and Instrument Co (SHSE:688665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cubic Sensor and Instrument Co Ltd (SHSE:688665) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Fenghuangyuan 3rd Road, Phoenix Industrial Park, Donghu New Technology Development Zone, Hubei Province, Wuhan, CHN, 430205

Website

http://www.gassensor.com.cn

Cubic Sensor and Instrument Co Ltd is engaged in the research and development, production and sales of gas sensors and gas analysis instruments.

Cubic Sensor and Instrument Co (SHSE:688665) Headlines

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