Qingdao Zhongzi Zhongcheng Group Co (SZSE:300208) Days Inventory : 389.92 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Qingdao Zhongzi Zhongcheng Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Qingdao Zhongzi Zhongcheng Group Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥42.7 Mil. Qingdao Zhongzi Zhongcheng Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥10.0 Mil. Hence, Qingdao Zhongzi Zhongcheng Group Co's Days Inventory for the three months ended in Mar. 2024 was 389.92.

The historical rank and industry rank for Qingdao Zhongzi Zhongcheng Group Co's Days Inventory or its related term are showing as below:

SZSE:300208' s Days Inventory Range Over the Past 10 Years
Min: 35.35 Med: 67.9 Max: 917.37
Current: 100.03

During the past 13 years, Qingdao Zhongzi Zhongcheng Group Co's highest Days Inventory was 917.37. The lowest was 35.35. And the median was 67.90.

SZSE:300208's Days Inventory is ranked better than
61.59% of 2911 companies
in the Industrial Products industry
Industry Median: 120.59 vs SZSE:300208: 100.03

Qingdao Zhongzi Zhongcheng Group Co's Days Inventory increased from Mar. 2023 (55.73) to Mar. 2024 (389.92). It might indicate that Qingdao Zhongzi Zhongcheng Group Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Qingdao Zhongzi Zhongcheng Group Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.23.

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. Qingdao Zhongzi Zhongcheng Group Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.87.

Qingdao Zhongzi Zhongcheng Group Co Days Inventory Historical Data

The historical data trend for Qingdao Zhongzi Zhongcheng Group 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.

Qingdao Zhongzi Zhongcheng Group Co Days Inventory Chart

Qingdao Zhongzi Zhongcheng Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

679.84

130.32

38.84

50.51

51.79

Qingdao Zhongzi Zhongcheng Group 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															55.73	63.22	128.03	82.71	389.92

Competitive Comparison of Qingdao Zhongzi Zhongcheng Group Co's Days Inventory

For the Electrical Equipment & Parts subindustry, Qingdao Zhongzi Zhongcheng Group 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.

Qingdao Zhongzi Zhongcheng Group Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qingdao Zhongzi Zhongcheng Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Qingdao Zhongzi Zhongcheng Group Co's Days Inventory falls into.

Qingdao Zhongzi Zhongcheng Group Co Days Inventory Calculation

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

Qingdao Zhongzi Zhongcheng Group 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
=	( (31.024	+	43.13)	/	2 )	/	261.285	*	365
=	37.077					/	261.285	*	365
=	51.79

Qingdao Zhongzi Zhongcheng Group 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
=	( (43.13	+	42.221)	/	2 )	/	9.987	*	365 / 4
=	42.6755					/	9.987	*	365 / 4
=	389.92

Qingdao Zhongzi Zhongcheng Group Co (SZSE:300208) 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.

Qingdao Zhongzi Zhongcheng Group Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.987	/	42.6755
	=	0.23

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.

Qingdao Zhongzi Zhongcheng Group Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	42.6755	/	22.838
	=	1.87

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.

Qingdao Zhongzi Zhongcheng Group Co Days Inventory Related Terms

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

Qingdao Zhongzi Zhongcheng Group Co (SZSE:300208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Zhongzi Zhongcheng Group Co Ltd (SZSE:300208) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Chengyang Airport Industrial Park, Qingdao City, CHN, 266108

Website

http://www.qdhsec.com

Qingdao Zhongzi Zhongcheng Group Co Ltd is mainly engaged in green power grids construction, electric power and new energy development, overseas mineral operation, industrial parks development, virtual reality and Internet technology research and development applications and financial investment holding businesses.

Executives

Jia Xiao Yu	Directors, executives
Mo Bai Xin	Secretary Dong
Chen Zhang	Supervisors
Jia Yu Lan	Director
Sun Jian Qiang	Independent director
Xu Mao Shun	Independent director
Wang Tian Wen	Independent director
Yao Gang	Independent director
Jia Quan Chen	Directors, executives
Ying Ming	Supervisors
Chen Xiao Qiang	Directors, executives
Zhang Pei Rong	Supervisors
Fu Da Zhi	Executives
Liu Tao	Executives
Zhang Zhen Bo	Executives

Qingdao Zhongzi Zhongcheng Group Co (SZSE:300208) Headlines

No Headlines