Jilin Asia Link Technology Development Co (SZSE:002316) Days Inventory : 231.17 (As of Mar. 2024)

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What is Jilin Asia Link Technology Development Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jilin Asia Link Technology Development Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥170.2 Mil. Jilin Asia Link Technology Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥67.2 Mil. Hence, Jilin Asia Link Technology Development Co's Days Inventory for the three months ended in Mar. 2024 was 231.17.

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

SZSE:002316' s Days Inventory Range Over the Past 10 Years
Min: 14.27 Med: 54.02 Max: 242.01
Current: 118.91

During the past 13 years, Jilin Asia Link Technology Development Co's highest Days Inventory was 242.01. The lowest was 14.27. And the median was 54.02.

SZSE:002316's Days Inventory is ranked worse than
57.5% of 2407 companies
in the Hardware industry
Industry Median: 102.45 vs SZSE:002316: 118.91

Jilin Asia Link Technology Development Co's Days Inventory increased from Mar. 2023 (149.18) to Mar. 2024 (231.17). It might indicate that Jilin Asia Link Technology Development 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. Jilin Asia Link Technology Development Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.39.

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. Jilin Asia Link Technology Development Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 2.04.

Jilin Asia Link Technology Development Co Days Inventory Historical Data

The historical data trend for Jilin Asia Link Technology Development 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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Jilin Asia Link Technology Development Co Days Inventory Chart

Jilin Asia Link Technology Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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14.93

20.76

42.15

52.74

118.00

Jilin Asia Link Technology Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															149.18	74.57	202.95	86.93	231.17

Competitive Comparison of Jilin Asia Link Technology Development Co's Days Inventory

For the Communication Equipment subindustry, Jilin Asia Link Technology Development 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.

Jilin Asia Link Technology Development Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jilin Asia Link Technology Development Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jilin Asia Link Technology Development Co's Days Inventory falls into.

Jilin Asia Link Technology Development Co Days Inventory Calculation

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

Jilin Asia Link Technology Development 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
=	( (190.831	+	166.397)	/	2 )	/	552.476	*	365
=	178.614					/	552.476	*	365
=	118.00

Jilin Asia Link Technology Development 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
=	( (166.397	+	174.069)	/	2 )	/	67.195	*	365 / 4
=	170.233					/	67.195	*	365 / 4
=	231.17

Jilin Asia Link Technology Development Co (SZSE:002316) 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.

Jilin Asia Link Technology Development Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	67.195	/	170.233
	=	0.39

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.

Jilin Asia Link Technology Development Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	170.233	/	83.293
	=	2.04

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.

Jilin Asia Link Technology Development Co Days Inventory Related Terms

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

Jilin Asia Link Technology Development Co (SZSE:002316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jilin Asia Link Technology Development Co Ltd (SZSE:002316) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Room 1205, Chuangye Building, High-tech Industrial Development Zone, Jilin Province, Liaoyuan, CHN, 518057

Website

http://www.asialink.com

Jilin Asia Link Technology Development Co Ltd is primarily involved in the financial technology business and private network communication technology solution business. The financial technology business segment is mainly engaged in third-party payment services, big data service business and financial business. The private network communication technology solution business mainly serves the energy and transportation industries, including the research and development, manufacturing and related technical services of related software and hardware products. Geographically, the activities are carried out through China.

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