The historical rank and industry rank for Gotion High-tech Co's Days Inventory or its related term are showing as below:
SZSE:002074'
s Days Inventory Range Over the Past 10 Years
Min: 73.38 Med: 124.61 Max: 340.18
Current: 87.8
During the past 13 years, Gotion High-tech Co's highest Days Inventory was 340.18. The lowest was 73.38. And the median was 124.61.
SZSE:002074's Days Inventory is ranked better than 68.75% of 2909
companies
in the Industrial Products industry
Industry Median: 120.85
vs SZSE:002074: 87.80
Gotion High-tech Co's Days Inventory
declined
from Mar. 2023 (111.23) to Mar. 2024 (82.24).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Gotion High-tech Co's Inventory Turnover for the
three
months ended in Mar. 2024 was 1.11.
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.
Gotion High-tech Co's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.74.
Gotion High-tech Co Days Inventory Historical Data
The historical data trend for Gotion High-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.
Competitive Comparison of Gotion High-tech Co's Days Inventory
For the Electrical Equipment & Parts subindustry, Gotion High-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.
Gotion High-tech Co's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Gotion High-tech Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Gotion High-tech Co's Days Inventory falls into.
Gotion High-tech Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Gotion High-tech Co's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Gotion High-tech Co (SZSE:002074) 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.
Gotion High-tech 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.
Gotion High-tech 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.
Gotion High-tech Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Gotion High-tech Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Gotion High-tech Co (SZSE:002074) Business Description
Established in 2006 in Hefei, Anhui province, Gotion High-tech, is one of the first enterprises engaged in research, production, and sales of rechargeable lithium-ion batteries for NEVs in China. Its main products include lithium iron phosphate materials and batteries, ternary batteries, battery packs, and energy storage batteries. The products are widely used in new energy passenger vehicles, commercial vehicles, energy storage power plants, communication base stations, and so on. Gotion ranked eighth among global EV battery companies with 3% market share in 2022 in terms of installed capacity, and fourth in China with 5% market share. The company is 25%-owned by Volkswagen Group with Chairman Li Zhen holding around 7%.
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