Longwen Group (Longwen Group) Days Inventory : 132.16 (As of Mar. 2024)

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What is Longwen Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Longwen Group's Average Total Inventories for the three months ended in Mar. 2024 was $0.04 Mil. Longwen Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.03 Mil. Hence, Longwen Group's Days Inventory for the three months ended in Mar. 2024 was 132.16.

The historical rank and industry rank for Longwen Group's Days Inventory or its related term are showing as below:

During the past 13 years, Longwen Group's highest Days Inventory was 7300.00. The lowest was 7300.00. And the median was 7300.00.

LWLW's Days Inventory is not ranked ^*
in the Business Services industry.
Industry Median: 29.67
* Ranked among companies with meaningful Days Inventory only.

Longwen Group's Days Inventory declined from Mar. 2023 (1,916.25) to Mar. 2024 (132.16).

Inventory Turnover measures how fast the company turns over its inventory within a year. Longwen Group's Inventory Turnover for the three months ended in Mar. 2024 was 0.69.

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. Longwen Group's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.05.

Longwen Group Days Inventory Historical Data

The historical data trend for Longwen Group'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.

Longwen Group Days Inventory Chart

Longwen Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec21

Dec22

Dec23

Days Inventory

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7,300.00

Longwen Group Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															1,916.25	3.44	6.55	-	132.16

Competitive Comparison of Longwen Group's Days Inventory

For the Consulting Services subindustry, Longwen Group'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.

Longwen Group's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Longwen Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Longwen Group's Days Inventory falls into.

Longwen Group Days Inventory Calculation

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

Longwen Group'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	+	0.04)	/	1 )	/	0.002	*	365
=	0.04					/	0.002	*	365
=	7,300.00

Longwen Group'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
=	( (0.04	+	0.044)	/	2 )	/	0.029	*	365 / 4
=	0.042					/	0.029	*	365 / 4
=	132.16

Longwen Group (OTCPK:LWLW) 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.

Longwen Group's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.029	/	0.042
	=	0.69

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.

Longwen Group's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.042	/	0.04
	=	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.

Longwen Group Days Inventory Related Terms

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

Longwen Group (Longwen Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Longwen Group Corp (OTCPK:LWLW) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 219, No. 25, Caihe Road, Shangcheng District, Zhejiang Province, Hangzhou, CHN, 310002

Website

http://www.wallong.cn

Longwen Group Corp is engaged in project development and management and to provide consulting services in cultural fields, including antique project promotion and development, traditional magazine project cooperation and development, the marketing and development of audio and visual products, etc.

Executives

Douglas P Martin

10 percent owner

26 KING ST, ST PACOME, QUEBEC CANADA A1 9999999999

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