Suzhou Agioe Technologies Co (SHSE:688450) Days Inventory : 896.26 (As of Mar. 2024)

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What is Suzhou Agioe Technologies Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Suzhou Agioe Technologies Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥48.2 Mil. Suzhou Agioe Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4.9 Mil. Hence, Suzhou Agioe Technologies Co's Days Inventory for the three months ended in Mar. 2024 was 896.26.

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

SHSE:688450' s Days Inventory Range Over the Past 10 Years
Min: 147.56 Med: 188.24 Max: 294.2
Current: 163.18

During the past 5 years, Suzhou Agioe Technologies Co's highest Days Inventory was 294.20. The lowest was 147.56. And the median was 188.24.

SHSE:688450's Days Inventory is ranked worse than
66.61% of 2911 companies
in the Industrial Products industry
Industry Median: 120.21 vs SHSE:688450: 163.18

Suzhou Agioe Technologies Co's Days Inventory increased from Mar. 2023 (655.35) to Mar. 2024 (896.26). It might indicate that Suzhou Agioe Technologies 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. Suzhou Agioe Technologies Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.10.

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. Suzhou Agioe Technologies Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 5.53.

Suzhou Agioe Technologies Co Days Inventory Historical Data

The historical data trend for Suzhou Agioe Technologies 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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Suzhou Agioe Technologies Co Days Inventory Chart

Suzhou Agioe Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

294.20

190.26

188.24

183.72

147.56

Suzhou Agioe Technologies Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial								655.35	132.45	218.96	88.01	896.26

Competitive Comparison of Suzhou Agioe Technologies Co's Days Inventory

For the Specialty Industrial Machinery subindustry, Suzhou Agioe Technologies 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.

Suzhou Agioe Technologies Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Suzhou Agioe Technologies Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Suzhou Agioe Technologies Co's Days Inventory falls into.

Suzhou Agioe Technologies Co Days Inventory Calculation

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

Suzhou Agioe Technologies 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
=	( (60.889	+	44.745)	/	2 )	/	130.644	*	365
=	52.817					/	130.644	*	365
=	147.56

Suzhou Agioe Technologies 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
=	( (44.745	+	51.747)	/	2 )	/	4.912	*	365 / 4
=	48.246					/	4.912	*	365 / 4
=	896.26

Suzhou Agioe Technologies Co (SHSE:688450) 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.

Suzhou Agioe Technologies Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.912	/	48.246
	=	0.10

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.

Suzhou Agioe Technologies Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	48.246	/	8.731
	=	5.53

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.

Suzhou Agioe Technologies Co Days Inventory Related Terms

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

Suzhou Agioe Technologies Co (SHSE:688450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Agioe Technologies Co Ltd (SHSE:688450) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 270 Dongping Street, 3C, 3D, Aoyang Shunchang Building, Suzhou Industrial Park, Jiangsu, Suzhou, CHN, 215123

Website

http://www.agioe.com

Suzhou Agioe Technologies Co Ltd is a high-tech enterprise focusing on the research, development, production and sales of a new generation of optical fiber sensing network and asset digital operation and maintenance management system. The company has formed a series of products such as power facility asset monitoring operation and maintenance management system, submarine cable asset monitoring operation and maintenance management system, and integrated pipeline asset monitoring operation and maintenance management system, which are widely used in power grids, offshore wind power, integrated pipelines, petroleum and petrochemical and other important areas of the national economy.

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