Zhejiangnhua Intelligent Controls Co (SZSE:002050) Days Inventory : 93.05 (As of Mar. 2024)

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What is Zhejiangnhua Intelligent Controls Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zhejiangnhua Intelligent Controls Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥4,790 Mil. Zhejiangnhua Intelligent Controls Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,698 Mil. Hence, Zhejiangnhua Intelligent Controls Co's Days Inventory for the three months ended in Mar. 2024 was 93.05.

The historical rank and industry rank for Zhejiangnhua Intelligent Controls Co's Days Inventory or its related term are showing as below:

SZSE:002050' s Days Inventory Range Over the Past 10 Years
Min: 86.03 Med: 92.15 Max: 104.29
Current: 88.43

During the past 13 years, Zhejiangnhua Intelligent Controls Co's highest Days Inventory was 104.29. The lowest was 86.03. And the median was 92.15.

SZSE:002050's Days Inventory is ranked better than
68.35% of 2910 companies
in the Industrial Products industry
Industry Median: 120.125 vs SZSE:002050: 88.43

Zhejiangnhua Intelligent Controls Co's Days Inventory increased from Mar. 2023 (92.60) to Mar. 2024 (93.05). It might indicate that Zhejiangnhua Intelligent Controls Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiangnhua Intelligent Controls Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.98.

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. Zhejiangnhua Intelligent Controls Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.74.

Zhejiangnhua Intelligent Controls Co Days Inventory Historical Data

The historical data trend for Zhejiangnhua Intelligent Controls 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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Zhejiangnhua Intelligent Controls Co Days Inventory Chart

Zhejiangnhua Intelligent Controls Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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96.63

93.75

91.13

92.20

92.09

Zhejiangnhua Intelligent Controls 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															92.60	74.25	83.80	101.57	93.05

Competitive Comparison of Zhejiangnhua Intelligent Controls Co's Days Inventory

For the Specialty Industrial Machinery subindustry, Zhejiangnhua Intelligent Controls 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.

Zhejiangnhua Intelligent Controls Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiangnhua Intelligent Controls Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Zhejiangnhua Intelligent Controls Co's Days Inventory falls into.

Zhejiangnhua Intelligent Controls Co Days Inventory Calculation

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

Zhejiangnhua Intelligent Controls 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
=	( (4334.875	+	4600.729)	/	2 )	/	17708.12	*	365
=	4467.802					/	17708.12	*	365
=	92.09

Zhejiangnhua Intelligent Controls 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
=	( (4600.729	+	4979.258)	/	2 )	/	4697.542	*	365 / 4
=	4789.9935					/	4697.542	*	365 / 4
=	93.05

Zhejiangnhua Intelligent Controls Co (SZSE:002050) 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.

Zhejiangnhua Intelligent Controls Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4697.542	/	4789.9935
	=	0.98

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.

Zhejiangnhua Intelligent Controls Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4789.9935	/	6439.559
	=	0.74

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.

Zhejiangnhua Intelligent Controls Co Days Inventory Related Terms

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

Zhejiangnhua Intelligent Controls Co (SZSE:002050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Sanhua Intelligent Controls Co Ltd (SZSE:002050) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xiali Street, Qixing Street, Xinchang County, Zhejiang Province, Shaoxing, CHN, 312500

Website

http://www.zjshc.com

Zhejiang Sanhua Intelligent Controls Co Ltd is an HVAC&R manufacturer of controls and components. It is engaged in the research and development, manufacture and distribution of refrigeration and air-conditioning control components, which include 4-way reversing valves, solenoid valves, and electronic expansion valves. The products offered by the company are standard controls and line components, customized controls and line components, electronic controls, and micro-channel heat exchanger. The products have application in air conditioning, commercial refrigeration, heat pump and home appliances. The organization supplies its products in China and internationally.

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