Meiwu Technology Co (Meiwu Technology Co) Days Inventory : 6.70 (As of Jun. 2023)

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What is Meiwu Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Meiwu Technology Co's Average Total Inventories for the six months ended in Jun. 2023 was $0.30 Mil. Meiwu Technology Co's Cost of Goods Sold for the six months ended in Jun. 2023 was $8.23 Mil. Hence, Meiwu Technology Co's Days Inventory for the six months ended in Jun. 2023 was 6.70.

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

WNW' s Days Inventory Range Over the Past 10 Years
Min: 6.72 Med: 18.16 Max: 38.14
Current: 6.72

During the past 5 years, Meiwu Technology Co's highest Days Inventory was 38.14. The lowest was 6.72. And the median was 18.16.

WNW's Days Inventory is ranked better than
96.36% of 1070 companies
in the Retail - Cyclical industry
Industry Median: 110.87 vs WNW: 6.72

Meiwu Technology Co's Days Inventory declined from Jun. 2022 (69.13) to Jun. 2023 (6.70).

Inventory Turnover measures how fast the company turns over its inventory within a year. Meiwu Technology Co's Inventory Turnover for the six months ended in Jun. 2023 was 27.25.

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. Meiwu Technology Co's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.03.

Meiwu Technology Co Days Inventory Historical Data

The historical data trend for Meiwu 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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Meiwu Technology Co Days Inventory Chart

Meiwu Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

20.64

9.51

18.16

38.14

14.48

Meiwu Technology Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial					28.41	17.76	69.13	7.07	6.70

Competitive Comparison of Meiwu Technology Co's Days Inventory

For the Internet Retail subindustry, Meiwu 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.

Meiwu Technology Co's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meiwu Technology Co's Days Inventory distribution charts can be found below:

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

Meiwu Technology Co Days Inventory Calculation

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

Meiwu Technology Co's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.433	+	0.345)	/	2 )	/	9.804	*	365
=	0.389					/	9.804	*	365
=	14.48

Meiwu Technology Co's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.345	+	0.259)	/	2 )	/	8.228	*	365 / 2
=	0.302					/	8.228	*	365 / 2
=	6.70

Meiwu Technology Co (NAS:WNW) 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.

Meiwu Technology Co's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.228	/	0.302
	=	27.25

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.

Meiwu Technology Co's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.302	/	10.683
	=	0.03

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.

Meiwu Technology Co Days Inventory Related Terms

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

Meiwu Technology Co (Meiwu Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meiwu Technology Co Ltd (NAS:WNW) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 743 Zhoushi Road, Hangcheng Street, 1602, Building C, Shenye Century Industrial Center, Bao’an District, Shenzhen, CHN

Website

https://www.wnw108.com

Meiwu Technology Co Ltd operates as an online food retail store and franchise restaurants in China. The products offered include green food, organic food, intangible cultural heritage food products, agricultural products bearing geographical indications, and pollution-free products. It operates in three segments: Clean Food Platform, which generates nearly all of its revenue; Restaurant; and Others.