Hangzhou Chang Chuan Technology Co (SZSE:300604) Days Inventory : 775.71 (As of Mar. 2024)

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What is Hangzhou Chang Chuan Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hangzhou Chang Chuan Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥2,159 Mil. Hangzhou Chang Chuan Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥254 Mil. Hence, Hangzhou Chang Chuan Technology Co's Days Inventory for the three months ended in Mar. 2024 was 775.71.

The historical rank and industry rank for Hangzhou Chang Chuan Technology Co's Days Inventory or its related term are showing as below:

SZSE:300604' s Days Inventory Range Over the Past 10 Years
Min: 220 Med: 317.46 Max: 903.63
Current: 821.21

During the past 12 years, Hangzhou Chang Chuan Technology Co's highest Days Inventory was 903.63. The lowest was 220.00. And the median was 317.46.

SZSE:300604's Days Inventory is ranked worse than
97.77% of 942 companies
in the Semiconductors industry
Industry Median: 130.435 vs SZSE:300604: 821.21

Hangzhou Chang Chuan Technology Co's Days Inventory declined from Mar. 2023 (1,083.78) to Mar. 2024 (775.71).

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. Hangzhou Chang Chuan Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.12.

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. Hangzhou Chang Chuan Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 3.86.

Hangzhou Chang Chuan Technology Co Days Inventory Historical Data

The historical data trend for Hangzhou Chang Chuan Technology 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.

Hangzhou Chang Chuan Technology Co Days Inventory Chart

Hangzhou Chang Chuan Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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410.47

349.76

331.53

409.70

903.63

Hangzhou Chang Chuan Technology 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															1,083.78	815.11	997.31	758.52	775.71

Competitive Comparison of Hangzhou Chang Chuan Technology Co's Days Inventory

For the Semiconductor Equipment & Materials subindustry, Hangzhou Chang Chuan Technology 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.

Hangzhou Chang Chuan Technology Co's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Hangzhou Chang Chuan Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hangzhou Chang Chuan Technology Co's Days Inventory falls into.

Hangzhou Chang Chuan Technology Co Days Inventory Calculation

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

Hangzhou Chang Chuan Technology 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
=	( (1614.513	+	2159.204)	/	2 )	/	762.152	*	365
=	1886.8585					/	762.152	*	365
=	903.63

Hangzhou Chang Chuan Technology 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
=	( (2159.204	+	2158.953)	/	2 )	/	253.983	*	365 / 4
=	2159.0785					/	253.983	*	365 / 4
=	775.71

Hangzhou Chang Chuan Technology Co (SZSE:300604) 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.

Hangzhou Chang Chuan Technology Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	253.983	/	2159.0785
	=	0.12

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.

Hangzhou Chang Chuan Technology Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2159.0785	/	559.387
	=	3.86

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.

Hangzhou Chang Chuan Technology Co Days Inventory Related Terms

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

Hangzhou Chang Chuan Technology Co (SZSE:300604) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hangzhou Chang Chuan Technology Co Ltd (SZSE:300604) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 799 Jiangshu Road, Building No.3, 1st-2nd Floor and 3rd, 4th and 5th Floor A units, Zhejiang Province, Hangzhou, CHN, 310051

Website

http://www.hzcctech.com

Hangzhou Chang Chuan Technology Co Ltd is a China based company engaged in the research and development, production and sales of integrated circuit equipment. Its product portfolio comprises of two product lines, namely Automatic sorting system and Test systems, to carry out research and development work. The Test systems product line comprises of CTA8280, CTT3280, CTT3600, CTT1000, and CTT3320. The Automatic sorting system comprises C1 series, C2 series, C3Q series, C7100/400, and C8 series, among others.

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