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Doctorglasses Chain Co (SZSE:300622) Days Inventory : 148.88 (As of Mar. 2024)


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What is Doctorglasses Chain Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Doctorglasses Chain Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥198 Mil. Doctorglasses Chain Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥121 Mil. Hence, Doctorglasses Chain Co's Days Inventory for the three months ended in Mar. 2024 was 148.88.

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

SZSE:300622' s Days Inventory Range Over the Past 10 Years
Min: 132.15   Med: 178.02   Max: 303.93
Current: 163.92

During the past 12 years, Doctorglasses Chain Co's highest Days Inventory was 303.93. The lowest was 132.15. And the median was 178.02.

SZSE:300622's Days Inventory is ranked worse than
67.01% of 1070 companies
in the Retail - Cyclical industry
Industry Median: 110.775 vs SZSE:300622: 163.92

Doctorglasses Chain Co's Days Inventory increased from Mar. 2023 (125.28) to Mar. 2024 (148.88). It might indicate that Doctorglasses Chain Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Doctorglasses Chain Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.61.

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


Doctorglasses Chain Co Days Inventory Historical Data

The historical data trend for Doctorglasses Chain 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.

Doctorglasses Chain Co Days Inventory Chart

Doctorglasses Chain 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 164.79 155.89 132.15 146.51 141.29

Doctorglasses Chain 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 125.28 153.52 146.79 216.35 148.88

Competitive Comparison of Doctorglasses Chain Co's Days Inventory

For the Specialty Retail subindustry, Doctorglasses Chain 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.


Doctorglasses Chain Co's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Doctorglasses Chain Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Doctorglasses Chain Co's Days Inventory falls into.



Doctorglasses Chain Co Days Inventory Calculation

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

Doctorglasses Chain 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
=( (161.758 + 174.417) / 2 ) / 434.226*365
=168.0875 / 434.226*365
=141.29

Doctorglasses Chain 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
=( (174.417 + 221.849) / 2 ) / 121.434*365 / 4
=198.133 / 121.434*365 / 4
=148.88

* 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.


Doctorglasses Chain Co  (SZSE:300622) 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.

Doctorglasses Chain 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.

Doctorglasses Chain 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.


Doctorglasses Chain Co Days Inventory Related Terms

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


Doctorglasses Chain Co (SZSE:300622) Business Description

Traded in Other Exchanges
N/A
Address
4028 Jintian Road, 2nd Floor, Rongchao Economic and Trade Center, Futian District, Shenzhen, CHN, 518038
Doctorglasses Chain Co Ltd operates as a retail chain company which is engaged in the eyeglasses business in China. The company offers glasses under the President optical and doctor glasses Zele brand name. It offers reading glasses, sunglasses, frames and lenses, contact lenses, contact lens liquid solution and others.

Doctorglasses Chain Co (SZSE:300622) Headlines

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