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Smarter Microelectronics (Guangzhou) Co (SHSE:688512) Days Inventory : 449.53 (As of Mar. 2024)


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What is Smarter Microelectronics (Guangzhou) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Smarter Microelectronics (Guangzhou) Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥475.0 Mil. Smarter Microelectronics (Guangzhou) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥96.4 Mil. Hence, Smarter Microelectronics (Guangzhou) Co's Days Inventory for the three months ended in Mar. 2024 was 449.53.

The historical rank and industry rank for Smarter Microelectronics (Guangzhou) Co's Days Inventory or its related term are showing as below:

SHSE:688512' s Days Inventory Range Over the Past 10 Years
Min: 98.4   Med: 333.3   Max: 513.8
Current: 371.25

During the past 5 years, Smarter Microelectronics (Guangzhou) Co's highest Days Inventory was 513.80. The lowest was 98.40. And the median was 333.30.

SHSE:688512's Days Inventory is ranked worse than
91.08% of 942 companies
in the Semiconductors industry
Industry Median: 129.735 vs SHSE:688512: 371.25

Smarter Microelectronics (Guangzhou) Co's Days Inventory declined from Mar. 2023 (509.87) to Mar. 2024 (449.53).

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. Smarter Microelectronics (Guangzhou) Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.20.

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. Smarter Microelectronics (Guangzhou) Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 4.53.

Smarter Microelectronics (Guangzhou) Co Days Inventory Historical Data

The historical data trend for Smarter Microelectronics (Guangzhou) 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.

Smarter Microelectronics (Guangzhou) Co Days Inventory Chart

Smarter Microelectronics (Guangzhou) Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
313.16 98.40 - 513.80 353.44

Smarter Microelectronics (Guangzhou) Co Quarterly Data
Dec19 Dec20 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 509.87 418.19 339.92 300.06 449.53

Competitive Comparison of Smarter Microelectronics (Guangzhou) Co's Days Inventory

For the Semiconductors subindustry, Smarter Microelectronics (Guangzhou) 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.

Smarter Microelectronics (Guangzhou) Co's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Smarter Microelectronics (Guangzhou) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Smarter Microelectronics (Guangzhou) Co's Days Inventory falls into.


Smarter Microelectronics (Guangzhou) Co Days Inventory Calculation

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

Smarter Microelectronics (Guangzhou) 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
=( (489.643 + 451.526) / 2 ) / 485.974*365
=470.5845 / 485.974*365
=353.44

Smarter Microelectronics (Guangzhou) 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
=( (451.526 + 498.441) / 2 ) / 96.417*365 / 4
=474.9835 / 96.417*365 / 4
=449.53

* 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.

Smarter Microelectronics (Guangzhou) Co  (SHSE:688512) 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.

Smarter Microelectronics (Guangzhou) Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=96.417 / 474.9835
=0.20

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.

Smarter Microelectronics (Guangzhou) Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=474.9835 / 104.771
=4.53

* 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.

Smarter Microelectronics (Guangzhou) Co Days Inventory Related Terms

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

Smarter Microelectronics (Guangzhou) Co (SHSE:688512) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Smarter Microelectronics (Guangzhou) Co Ltd (SHSE:688512) » Definitions » Days Inventory
Comparable Companies
SHSE:688270 SHSE:688515 SZSE:003040 SHSE:688252 SHSE:688018 SHSE:688332 SZSE:300327 SHSE:688766 SHSE:688182 SHSE:688601 NVDA TPE:2330 AVGO AMD INTC TXN QCOM ADI MU XKRX:000660
Traded in Other Exchanges
N/A
Address
No. 182, Science Avenue, Unit 307, 3rd Floor, C2, Innovation Building, High-tech Industrial Development Zone, Guangdong Province, Guangzhou, CHN, 510663
Website
https://www.smartermicro.com
Smarter Microelectronics (Guangzhou) Co Ltd is engaged in the research and development, design and sales of RF front-end chips and modules.

Smarter Microelectronics (Guangzhou) Co (SHSE:688512) Headlines

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