Edifier Technology Co (SZSE:002351) Days Inventory : 101.55 (As of Mar. 2024)

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What is Edifier Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Edifier Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥453 Mil. Edifier Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥407 Mil. Hence, Edifier Technology Co's Days Inventory for the three months ended in Mar. 2024 was 101.55.

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

SZSE:002351' s Days Inventory Range Over the Past 10 Years
Min: 92.56 Med: 133.93 Max: 185.97
Current: 95.15

During the past 13 years, Edifier Technology Co's highest Days Inventory was 185.97. The lowest was 92.56. And the median was 133.93.

SZSE:002351's Days Inventory is ranked better than
54.3% of 2407 companies
in the Hardware industry
Industry Median: 102.45 vs SZSE:002351: 95.15

Edifier Technology Co's Days Inventory declined from Mar. 2023 (120.39) to Mar. 2024 (101.55).

Inventory Turnover measures how fast the company turns over its inventory within a year. Edifier Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.90.

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. Edifier Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.67.

Edifier Technology Co Days Inventory Historical Data

The historical data trend for Edifier Technology 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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Edifier Technology Co Days Inventory Chart

Edifier Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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167.90

145.96

135.34

132.51

109.42

Edifier Technology 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															120.39	94.50	98.14	92.51	101.55

Competitive Comparison of Edifier Technology Co's Days Inventory

For the Consumer Electronics subindustry, Edifier Technology 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.

Edifier Technology Co's Days Inventory Distribution in the Hardware Industry

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

* The bar in red indicates where Edifier Technology Co's Days Inventory falls into.

Edifier Technology Co Days Inventory Calculation

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

Edifier Technology 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
=	( (497.872	+	500.803)	/	2 )	/	1665.697	*	365
=	499.3375					/	1665.697	*	365
=	109.42

Edifier Technology 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
=	( (500.803	+	404.847)	/	2 )	/	406.913	*	365 / 4
=	452.825					/	406.913	*	365 / 4
=	101.55

Edifier Technology Co (SZSE:002351) 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.

Edifier Technology Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	406.913	/	452.825
	=	0.90

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.

Edifier Technology Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	452.825	/	679.057
	=	0.67

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.

Edifier Technology Co Days Inventory Related Terms

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

Edifier Technology Co (SZSE:002351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Edifier Technology Co Ltd (SZSE:002351) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No.9998 Shennan Road, Unit 9, 22nd Floor, Wanlida Technology Building, Science and Technology Park, Nanshan District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.edifier.com

Edifier Technology Co Ltd, a Chinese company, is principally engaged in the research and development of audio technology and its product applications. The company's core business products are professional multimedia audio and home audio equipment. It offers headphones, bookshelf speakers, computer speakers, TV and Home theater, sound bar, and other products. It sells its products in China and other countries.

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