Shenzhen CDL Precision Technology Co (SZSE:300686) Days Inventory : 48.50 (As of Mar. 2024)

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What is Shenzhen CDL Precision Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shenzhen CDL Precision Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥163 Mil. Shenzhen CDL Precision Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥308 Mil. Hence, Shenzhen CDL Precision Technology Co's Days Inventory for the three months ended in Mar. 2024 was 48.50.

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

SZSE:300686' s Days Inventory Range Over the Past 10 Years
Min: 43.04 Med: 63.36 Max: 115.11
Current: 43.04

During the past 13 years, Shenzhen CDL Precision Technology Co's highest Days Inventory was 115.11. The lowest was 43.04. And the median was 63.36.

SZSE:300686's Days Inventory is ranked better than
85.49% of 2406 companies
in the Hardware industry
Industry Median: 101.86 vs SZSE:300686: 43.04

Shenzhen CDL Precision Technology Co's Days Inventory declined from Mar. 2023 (48.79) to Mar. 2024 (48.50).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shenzhen CDL Precision Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.88.

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. Shenzhen CDL Precision Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.51.

Shenzhen CDL Precision Technology Co Days Inventory Historical Data

The historical data trend for Shenzhen CDL Precision 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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Shenzhen CDL Precision Technology Co Days Inventory Chart

Shenzhen CDL Precision Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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49.07

48.62

50.10

46.64

44.52

Shenzhen CDL Precision 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															48.79	44.35	40.16	41.62	48.50

Competitive Comparison of Shenzhen CDL Precision Technology Co's Days Inventory

For the Electronic Components subindustry, Shenzhen CDL Precision 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.

Shenzhen CDL Precision Technology Co's Days Inventory Distribution in the Hardware Industry

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

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

Shenzhen CDL Precision Technology Co Days Inventory Calculation

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

Shenzhen CDL Precision 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
=	( (161.162	+	165.874)	/	2 )	/	1340.629	*	365
=	163.518					/	1340.629	*	365
=	44.52

Shenzhen CDL Precision 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
=	( (165.874	+	161.083)	/	2 )	/	307.56	*	365 / 4
=	163.4785					/	307.56	*	365 / 4
=	48.50

Shenzhen CDL Precision Technology Co (SZSE:300686) 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.

Shenzhen CDL Precision 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
	=	307.56	/	163.4785
	=	1.88

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	163.4785	/	323.104
	=	0.51

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.

Shenzhen CDL Precision Technology Co Days Inventory Related Terms

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

Shenzhen CDL Precision Technology Co (SZSE:300686) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen CDL Precision Technology Co Ltd (SZSE:300686) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tianxin Community Jintian Road, Pingshan New District, Shenzhen, CHN, 518118

Website

http://www.szcdl.com

Shenzhen CDL Precision Technology Co Ltd is engaged in providing external and internal functional devices products for the well-known brand mobile phone, electronic digital products. It mainly produces a functional device for the consumer electronics product, smartphones, tablets and other consumer electronics products. Its Internal functional devices mainly include paste, fixed function devices, buffer, sealing device, conductive and shielding function devices, insulation function devices, thermal conductivity, heat dissipation function devices, strengthening and maintaining strong function devices. Its External functional devices mainly include protective film, dust-proof net, labels, packing box.

Executives

Chen Dan Hua	Executives
Zhang Guo Shu	Executives
Fang Ji Xin	Secretary Dong
Liu Wei	Directors, executives
Ke Dong Zhou	Independent director
Lai Xiao Xia	Supervisors

Shenzhen CDL Precision Technology Co (SZSE:300686) Headlines

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