Newonder Special Electric Co (SZSE:301120) Days Inventory : 141.39 (As of Mar. 2024)

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What is Newonder Special Electric Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Newonder Special Electric Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥76.8 Mil. Newonder Special Electric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥49.6 Mil. Hence, Newonder Special Electric Co's Days Inventory for the three months ended in Mar. 2024 was 141.39.

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

SZSE:301120' s Days Inventory Range Over the Past 10 Years
Min: 59.35 Med: 71.34 Max: 94.2
Current: 94.2

During the past 7 years, Newonder Special Electric Co's highest Days Inventory was 94.20. The lowest was 59.35. And the median was 71.34.

SZSE:301120's Days Inventory is ranked better than
54.61% of 2408 companies
in the Hardware industry
Industry Median: 101.86 vs SZSE:301120: 94.20

Newonder Special Electric Co's Days Inventory increased from Mar. 2023 (102.27) to Mar. 2024 (141.39). It might indicate that Newonder Special Electric Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Newonder Special Electric Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.65.

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. Newonder Special Electric Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.05.

Newonder Special Electric Co Days Inventory Historical Data

The historical data trend for Newonder Special Electric 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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Newonder Special Electric Co Days Inventory Chart

Newonder Special Electric Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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71.34

60.27

59.35

71.84

80.10

Newonder Special Electric Co Quarterly Data
	Mar19	Jun19	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															102.27	63.33	93.70	100.41	141.39

Competitive Comparison of Newonder Special Electric Co's Days Inventory

For the Electronic Components subindustry, Newonder Special Electric 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.

Newonder Special Electric Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Newonder Special Electric Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Newonder Special Electric Co's Days Inventory falls into.

Newonder Special Electric Co Days Inventory Calculation

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

Newonder Special Electric 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
=	( (63.532	+	67.391)	/	2 )	/	298.279	*	365
=	65.4615					/	298.279	*	365
=	80.10

Newonder Special Electric 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
=	( (67.391	+	86.259)	/	2 )	/	49.58	*	365 / 4
=	76.825					/	49.58	*	365 / 4
=	141.39

Newonder Special Electric Co (SZSE:301120) 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.

Newonder Special Electric Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	49.58	/	76.825
	=	0.65

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.

Newonder Special Electric Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	76.825	/	73.487
	=	1.05

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.

Newonder Special Electric Co Days Inventory Related Terms

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

Newonder Special Electric Co (SZSE:301120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Newonder Special Electric Co Ltd (SZSE:301120) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yard 1, Lize Middle Road, Office A801, 8th Floor, Building 2, Chaoyang District, Beijing, CHN, 065201

Website

http://www.xinhuadu.com.cn

Newonder Special Electric Co Ltd is engaged in research and development, production and sales of various special transformers and reactors with frequency conversion transformers as the core and sales of supporting products.

Executives

Su Jing

Supervisors

Newonder Special Electric Co (SZSE:301120) Headlines

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