Chutian Dragon Co (SZSE:003040) Days Inventory : 121.58 (As of Mar. 2024)

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What is Chutian Dragon Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chutian Dragon Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥217 Mil. Chutian Dragon Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥163 Mil. Hence, Chutian Dragon Co's Days Inventory for the three months ended in Mar. 2024 was 121.58.

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

SZSE:003040' s Days Inventory Range Over the Past 10 Years
Min: 64.12 Med: 92.72 Max: 117.78
Current: 109.39

During the past 7 years, Chutian Dragon Co's highest Days Inventory was 117.78. The lowest was 64.12. And the median was 92.72.

SZSE:003040's Days Inventory is ranked better than
58.49% of 942 companies
in the Semiconductors industry
Industry Median: 130.36 vs SZSE:003040: 109.39

Chutian Dragon Co's Days Inventory declined from Mar. 2023 (137.38) to Mar. 2024 (121.58).

Inventory Turnover measures how fast the company turns over its inventory within a year. Chutian Dragon Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.75.

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. Chutian Dragon Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.85.

Chutian Dragon Co Days Inventory Historical Data

The historical data trend for Chutian Dragon 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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Chutian Dragon Co Days Inventory Chart

Chutian Dragon Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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85.04

92.72

64.12

75.90

103.15

Chutian Dragon Co Quarterly Data
	Dec17	Dec18	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															137.38	111.45	128.69	80.62	121.58

Competitive Comparison of Chutian Dragon Co's Days Inventory

For the Semiconductors subindustry, Chutian Dragon 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.

Chutian Dragon Co's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Chutian Dragon Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chutian Dragon Co's Days Inventory falls into.

Chutian Dragon Co Days Inventory Calculation

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

Chutian Dragon 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
=	( (314.78	+	212.197)	/	2 )	/	932.392	*	365
=	263.4885					/	932.392	*	365
=	103.15

Chutian Dragon 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
=	( (212.197	+	221.495)	/	2 )	/	162.745	*	365 / 4
=	216.846					/	162.745	*	365 / 4
=	121.58

Chutian Dragon Co (SZSE:003040) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	162.745	/	216.846
	=	0.75

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	216.846	/	256.384
	=	0.85

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.

Chutian Dragon Co Days Inventory Related Terms

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

Chutian Dragon Co (SZSE:003040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Chutian Dragon Co Ltd (SZSE:003040) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yifa Industrial Zone, Zhuweitian, Fenggang Town, Guangdong Province, Dongguan, CHN, 523697

Website

http://www.ctdcn.com

Chutian Dragon Co Ltd is mainly engaged in the design, research and development, production, sales and service of smart cards. The main products are financial IC cards represented by financial social security cards and standard bank IC cards, and non-financial IC cards represented by communication cards and transportation cards. It has a wide range of customers and important influence in social security, finance, communications, transportation, medical, education and other industries.

Chutian Dragon Co (SZSE:003040) Headlines

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