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Jiujiang Defu Technology Co (SZSE:301511) Days Inventory : 125.45 (As of Mar. 2024)


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What is Jiujiang Defu Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiujiang Defu Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,687 Mil. Jiujiang Defu Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,227 Mil. Hence, Jiujiang Defu Technology Co's Days Inventory for the three months ended in Mar. 2024 was 125.45.

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

SZSE:301511' s Days Inventory Range Over the Past 10 Years
Min: 57.64   Med: 69.58   Max: 98.06
Current: 98.06

During the past 6 years, Jiujiang Defu Technology Co's highest Days Inventory was 98.06. The lowest was 57.64. And the median was 69.58.

SZSE:301511's Days Inventory is ranked worse than
54.77% of 661 companies
in the Metals & Mining industry
Industry Median: 88.64 vs SZSE:301511: 98.06

Jiujiang Defu Technology Co's Days Inventory increased from Mar. 2023 (113.74) to Mar. 2024 (125.45). It might indicate that Jiujiang Defu Technology Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiujiang Defu Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.73.

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. Jiujiang Defu Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.42.


Jiujiang Defu Technology Co Days Inventory Historical Data

The historical data trend for Jiujiang Defu 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.

Jiujiang Defu Technology Co Days Inventory Chart

Jiujiang Defu Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 82.93 77.72 57.64 61.43 87.43

Jiujiang Defu Technology Co Quarterly Data
Dec18 Dec19 Dec20 Jun21 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 113.74 91.57 79.73 105.81 125.45

Competitive Comparison of Jiujiang Defu Technology Co's Days Inventory

For the Copper subindustry, Jiujiang Defu 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.


Jiujiang Defu Technology Co's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Jiujiang Defu Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jiujiang Defu Technology Co's Days Inventory falls into.



Jiujiang Defu Technology Co Days Inventory Calculation

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

Jiujiang Defu 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
=( (1152.284 + 1739.945) / 2 ) / 6037.366*365
=1446.1145 / 6037.366*365
=87.43

Jiujiang Defu 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
=( (1739.945 + 1634.826) / 2 ) / 1227.417*365 / 4
=1687.3855 / 1227.417*365 / 4
=125.45

* 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.


Jiujiang Defu Technology Co  (SZSE:301511) 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.

Jiujiang Defu 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.

Jiujiang Defu 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.


Jiujiang Defu Technology Co Days Inventory Related Terms

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Jiujiang Defu Technology Co (SZSE:301511) Business Description

Traded in Other Exchanges
N/A
Address
No. 15, Shunyi Road, Automobile Industrial Park, Development Zone, Jiangxi Province, Jiujiang, CHN, 332005
Jiujiang Defu Technology Co Ltd is engaged in the research and development, production and sales of various high-performance electrolytic copper foils. The products mainly include various high-performance lithium battery copper foils and electronic circuit copper foils.

Jiujiang Defu Technology Co (SZSE:301511) Headlines

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