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Easy Click Worldwide Network Technology Co (SZSE:301171) Days Inventory : 0.23 (As of Mar. 2024)


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What is Easy Click Worldwide Network Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Easy Click Worldwide Network Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1 Mil. Easy Click Worldwide Network Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥356 Mil. Hence, Easy Click Worldwide Network Technology Co's Days Inventory for the three months ended in Mar. 2024 was 0.23.

The historical rank and industry rank for Easy Click Worldwide Network Technology Co's Days Inventory or its related term are showing as below:

SZSE:301171' s Days Inventory Range Over the Past 10 Years
Min: 0.21   Med: 254.21   Max: 538.19
Current: 0.21

During the past 13 years, Easy Click Worldwide Network Technology Co's highest Days Inventory was 538.19. The lowest was 0.21. And the median was 254.21.

SZSE:301171's Days Inventory is ranked better than
97.73% of 660 companies
in the Media - Diversified industry
Industry Median: 25.75 vs SZSE:301171: 0.21

Easy Click Worldwide Network Technology Co's Days Inventory increased from Mar. 2023 (0.00) to Mar. 2024 (0.23). It might indicate that Easy Click Worldwide Network Technology Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Easy Click Worldwide Network Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 393.88.

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. Easy Click Worldwide Network Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.


Easy Click Worldwide Network Technology Co Days Inventory Historical Data

The historical data trend for Easy Click Worldwide Network 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.

* Premium members only.

Easy Click Worldwide Network Technology Co Days Inventory Chart

Easy Click Worldwide Network Technology Co Annual Data
Trend Dec13 Dec14 Dec15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
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Easy Click Worldwide Network Technology Co Quarterly Data
Dec17 Dec18 Sep19 Dec19 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 - - - - 0.23

Competitive Comparison of Easy Click Worldwide Network Technology Co's Days Inventory

For the Advertising Agencies subindustry, Easy Click Worldwide Network 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.


Easy Click Worldwide Network Technology Co's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Easy Click Worldwide Network Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Easy Click Worldwide Network Technology Co's Days Inventory falls into.



Easy Click Worldwide Network Technology Co Days Inventory Calculation

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

Easy Click Worldwide Network 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
=( (0 + 0) / 1 ) / 1621.289*365
=0 / 1621.289*365
=0.00

Easy Click Worldwide Network 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
=( (0 + 0.905) / 1 ) / 356.459*365 / 4
=0.905 / 356.459*365 / 4
=0.23

* 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.


Easy Click Worldwide Network Technology Co  (SZSE:301171) 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.

Easy Click Worldwide Network Technology 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.

Easy Click Worldwide Network Technology 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.


Easy Click Worldwide Network Technology Co Days Inventory Related Terms

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


Easy Click Worldwide Network Technology Co (SZSE:301171) Business Description

Traded in Other Exchanges
N/A
Address
No. 156, Tiangu Eighth Road, Room 903, Building C3, Phase II, Software New Town R&D Base, High-tech Zone, Shaanxi Province, Xi'an City, CHN, 710077
Easy Click Worldwide Network Technology Co Ltd is committed as a global intelligent data-driven marketing service profession to provide results-driven services included performance marketing, brand building and industrial solutions integrating. The company's clients is involved in wide range industries of E-commerce, tool applications, information dissemination, games and other pan-entertainment applications.

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