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Hubei Century Network Technology (SZSE:300494) Days Inventory : 0.37 (As of Mar. 2024)


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What is Hubei Century Network Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hubei Century Network Technology's Average Total Inventories for the three months ended in Mar. 2024 was ¥1 Mil. Hubei Century Network Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥206 Mil. Hence, Hubei Century Network Technology's Days Inventory for the three months ended in Mar. 2024 was 0.37.

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

SZSE:300494' s Days Inventory Range Over the Past 10 Years
Min: 0.03   Med: 0.61   Max: 4.61
Current: 0.19

During the past 13 years, Hubei Century Network Technology's highest Days Inventory was 4.61. The lowest was 0.03. And the median was 0.61.

SZSE:300494's Days Inventory is ranked better than
96.67% of 240 companies
in the Interactive Media industry
Industry Median: 18.305 vs SZSE:300494: 0.19

Hubei Century Network Technology's Days Inventory increased from Mar. 2023 (0.07) to Mar. 2024 (0.37). It might indicate that Hubei Century Network Technology's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hubei Century Network Technology's Inventory Turnover for the three months ended in Mar. 2024 was 246.28.

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. Hubei Century Network Technology's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.


Hubei Century Network Technology Days Inventory Historical Data

The historical data trend for Hubei Century Network Technology'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.

Hubei Century Network Technology Days Inventory Chart

Hubei Century Network Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.08 0.03 0.08 0.21

Hubei Century Network Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 0.06 0.08 0.25 0.37

Competitive Comparison of Hubei Century Network Technology's Days Inventory

For the Internet Content & Information subindustry, Hubei Century Network Technology'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.


Hubei Century Network Technology's Days Inventory Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Hubei Century Network Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hubei Century Network Technology's Days Inventory falls into.



Hubei Century Network Technology Days Inventory Calculation

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

Hubei Century Network Technology'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
=( (0.254 + 0.879) / 2 ) / 964.771*365
=0.5665 / 964.771*365
=0.21

Hubei Century Network Technology'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
=( (0.879 + 0.796) / 2 ) / 206.26*365 / 4
=0.8375 / 206.26*365 / 4
=0.37

* 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.


Hubei Century Network Technology  (SZSE:300494) 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.

Hubei Century Network Technology's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

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.

Hubei Century Network Technology's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

* 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.


Hubei Century Network Technology Days Inventory Related Terms

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


Hubei Century Network Technology (SZSE:300494) Business Description

Traded in Other Exchanges
N/A
Address
No. 77 Guanggu Avenue, 9-11 Floor, Building B7, Financial Port, Donghu New Technology Development Zone, Hubei, Wuhan, CHN, 430070
Hubei Century Network Technology Co Ltd provides internet content and service aggregation platforms. Its products and services are network entertainment platforms, mobile internet, internet value-added products, and advertising business. It provides services to Internet cafes, the education sector, hotels, and other public Internet service sites.

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