Shenzhen Best of Best Holdings Co (SZSE:001298) Days Inventory : 36.90 (As of Mar. 2024)

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What is Shenzhen Best of Best Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shenzhen Best of Best Holdings Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥605 Mil. Shenzhen Best of Best Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,496 Mil. Hence, Shenzhen Best of Best Holdings Co's Days Inventory for the three months ended in Mar. 2024 was 36.90.

The historical rank and industry rank for Shenzhen Best of Best Holdings Co's Days Inventory or its related term are showing as below:

SZSE:001298' s Days Inventory Range Over the Past 10 Years
Min: 25.91 Med: 36.57 Max: 40.94
Current: 36.15

During the past 6 years, Shenzhen Best of Best Holdings Co's highest Days Inventory was 40.94. The lowest was 25.91. And the median was 36.57.

SZSE:001298's Days Inventory is ranked better than
90.02% of 2406 companies
in the Hardware industry
Industry Median: 101.81 vs SZSE:001298: 36.15

Shenzhen Best of Best Holdings Co's Days Inventory declined from Mar. 2023 (42.03) to Mar. 2024 (36.90).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shenzhen Best of Best Holdings Co's Inventory Turnover for the three months ended in Mar. 2024 was 2.47.

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. Shenzhen Best of Best Holdings Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.39.

Shenzhen Best of Best Holdings Co Days Inventory Historical Data

The historical data trend for Shenzhen Best of Best Holdings 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.

Shenzhen Best of Best Holdings Co Days Inventory Chart

Shenzhen Best of Best Holdings Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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34.82

25.91

33.58

40.94

39.27

Shenzhen Best of Best Holdings Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial										42.03	32.27	35.52	42.55	36.90

Competitive Comparison of Shenzhen Best of Best Holdings Co's Days Inventory

For the Electronic Components subindustry, Shenzhen Best of Best Holdings 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.

Shenzhen Best of Best Holdings Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Best of Best Holdings Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shenzhen Best of Best Holdings Co's Days Inventory falls into.

Shenzhen Best of Best Holdings Co Days Inventory Calculation

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

Shenzhen Best of Best Holdings 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
=	( (571.596	+	613.742)	/	2 )	/	5508.603	*	365
=	592.669					/	5508.603	*	365
=	39.27

Shenzhen Best of Best Holdings 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
=	( (613.742	+	595.863)	/	2 )	/	1495.62	*	365 / 4
=	604.8025					/	1495.62	*	365 / 4
=	36.90

Shenzhen Best of Best Holdings Co (SZSE:001298) 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.

Shenzhen Best of Best Holdings Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1495.62	/	604.8025
	=	2.47

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.

Shenzhen Best of Best Holdings Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	604.8025	/	1566.098
	=	0.39

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.

Shenzhen Best of Best Holdings Co Days Inventory Related Terms

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

Shenzhen Best of Best Holdings Co (SZSE:001298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Best of Best Holdings Co Ltd (SZSE:001298) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Qianwan 1st Road, Room 201, Building A, Qianhai Shenzhen-Hong Kong Cooperation Zone, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.bobholdings.com

Shenzhen Best of Best Holdings Co Ltd is engaged in the sale of electronic components to electronics manufacturers in consumer electronics, IoT, lighting and other applications.

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