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Goke Microelectronics Co (SZSE:300672) Days Inventory : 398.71 (As of Mar. 2024)


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What is Goke Microelectronics Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Goke Microelectronics Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,160 Mil. Goke Microelectronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥266 Mil. Hence, Goke Microelectronics Co's Days Inventory for the three months ended in Mar. 2024 was 398.71.

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

SZSE:300672' s Days Inventory Range Over the Past 10 Years
Min: 34.34   Med: 171.64   Max: 214.82
Current: 214.47

During the past 11 years, Goke Microelectronics Co's highest Days Inventory was 214.82. The lowest was 34.34. And the median was 171.64.

SZSE:300672's Days Inventory is ranked worse than
75.27% of 942 companies
in the Semiconductors industry
Industry Median: 130.735 vs SZSE:300672: 214.47

Goke Microelectronics Co's Days Inventory increased from Mar. 2023 (120.39) to Mar. 2024 (398.71). It might indicate that Goke Microelectronics Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Goke Microelectronics 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. Goke Microelectronics Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 3.39.


Goke Microelectronics Co Days Inventory Historical Data

The historical data trend for Goke Microelectronics 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.

Goke Microelectronics Co Days Inventory Chart

Goke Microelectronics 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 182.01 183.46 134.60 214.82 170.53

Goke Microelectronics 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 120.39 207.83 243.37 135.50 398.71

Competitive Comparison of Goke Microelectronics Co's Days Inventory

For the Semiconductors subindustry, Goke Microelectronics 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.


Goke Microelectronics Co's Days Inventory Distribution in the Semiconductors Industry

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

* The bar in red indicates where Goke Microelectronics Co's Days Inventory falls into.



Goke Microelectronics Co Days Inventory Calculation

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

Goke Microelectronics 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
=( (2399.036 + 1062.823) / 2 ) / 3704.835*365
=1730.9295 / 3704.835*365
=170.53

Goke Microelectronics 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
=( (1062.823 + 1258.093) / 2 ) / 265.587*365 / 4
=1160.458 / 265.587*365 / 4
=398.71

* 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.


Goke Microelectronics Co  (SZSE:300672) 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.

Goke Microelectronics 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.

Goke Microelectronics 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.


Goke Microelectronics Co Days Inventory Related Terms

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


Goke Microelectronics Co (SZSE:300672) Business Description

Traded in Other Exchanges
N/A
Address
No.9, Dongjie Road, Economic and Technological Development Zone, Hunan, Changsha, CHN, 410131
Goke Microelectronics Co Ltd is an integrated circuit design enterprise based in China. The company develops chips and solution for digital cable, satellite, DTMB, and internet. It also provides professional services such as especially application platform, reference design and coordinate software systems. Its other product range consists of NDS advanced security decoding chip, H.265 high-definition chip, high-end acoustic chip, Wi-Fi chip, the high-end solid storage controlling chip and high-definition security monitor chip.

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