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Beijing Join-Cheer Software Co (SZSE:002279) Days Inventory : 6.74 (As of Mar. 2024)


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What is Beijing Join-Cheer Software Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Beijing Join-Cheer Software Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥48 Mil. Beijing Join-Cheer Software Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥648 Mil. Hence, Beijing Join-Cheer Software Co's Days Inventory for the three months ended in Mar. 2024 was 6.74.

The historical rank and industry rank for Beijing Join-Cheer Software Co's Days Inventory or its related term are showing as below:

SZSE:002279' s Days Inventory Range Over the Past 10 Years
Min: 4.86   Med: 14.13   Max: 65.32
Current: 6.48

During the past 13 years, Beijing Join-Cheer Software Co's highest Days Inventory was 65.32. The lowest was 4.86. And the median was 14.13.

SZSE:002279's Days Inventory is ranked better than
68.16% of 1561 companies
in the Software industry
Industry Median: 19.53 vs SZSE:002279: 6.48

Beijing Join-Cheer Software Co's Days Inventory declined from Mar. 2023 (15.93) to Mar. 2024 (6.74).

Inventory Turnover measures how fast the company turns over its inventory within a year. Beijing Join-Cheer Software Co's Inventory Turnover for the three months ended in Mar. 2024 was 13.55.

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. Beijing Join-Cheer Software Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.07.


Beijing Join-Cheer Software Co Days Inventory Historical Data

The historical data trend for Beijing Join-Cheer Software 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.

Beijing Join-Cheer Software Co Days Inventory Chart

Beijing Join-Cheer Software Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.86 12.64 20.43 13.96 7.48

Beijing Join-Cheer Software 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.93 9.77 7.09 3.84 6.74

Competitive Comparison of Beijing Join-Cheer Software Co's Days Inventory

For the Software - Application subindustry, Beijing Join-Cheer Software 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.


Beijing Join-Cheer Software Co's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Beijing Join-Cheer Software Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Beijing Join-Cheer Software Co's Days Inventory falls into.



Beijing Join-Cheer Software Co Days Inventory Calculation

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

Beijing Join-Cheer Software 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
=( (58.517 + 41.458) / 2 ) / 2438.332*365
=49.9875 / 2438.332*365
=7.48

Beijing Join-Cheer Software 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
=( (41.458 + 54.267) / 2 ) / 648.332*365 / 4
=47.8625 / 648.332*365 / 4
=6.74

* 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.


Beijing Join-Cheer Software Co  (SZSE:002279) 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.

Beijing Join-Cheer Software 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.

Beijing Join-Cheer Software 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.


Beijing Join-Cheer Software Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Beijing Join-Cheer Software Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Beijing Join-Cheer Software Co (SZSE:002279) Business Description

Traded in Other Exchanges
N/A
Address
No. 5 Da Hui Si Road, Building 3, 3F, Haidian District, Beijing, Beijing, CHN, 100081
Beijing Join-Cheer Software Co Ltd is a management software provider that focuses on providing big data integrated services. The solutions provided by the company include government management and services, long time big data, long time report, and longtime DNA.
Executives
Li Jun Director
Zhao Fu Jun Director
Shi Rui Feng Directors, executives
Wang Hai Xia Directors, executives
Wang Xin Director
Qiu An Chao Directors, executives
Ou Yang Yao Directors, executives
Ceng Chao Supervisors
Liu Wen Sheng Executives
Wang Jin Yan Supervisors
Zhu Xiao Jun Executives
Li Kun Qi Director

Beijing Join-Cheer Software Co (SZSE:002279) Headlines

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