GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhongjin Irradiation Incorp Co (SZSE:300962) » Definitions » Days Inventory

Zhongjin Irradiationorp Co (SZSE:300962) Days Inventory : 2.21 (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Zhongjin Irradiationorp Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zhongjin Irradiationorp Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥0.7 Mil. Zhongjin Irradiationorp Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥29.6 Mil. Hence, Zhongjin Irradiationorp Co's Days Inventory for the three months ended in Mar. 2024 was 2.21.

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

SZSE:300962' s Days Inventory Range Over the Past 10 Years
Min: 1.29   Med: 2.12   Max: 3.64
Current: 3.18

During the past 11 years, Zhongjin Irradiationorp Co's highest Days Inventory was 3.64. The lowest was 1.29. And the median was 2.12.

SZSE:300962's Days Inventory is ranked better than
99.55% of 2897 companies
in the Industrial Products industry
Industry Median: 121.6 vs SZSE:300962: 3.18

Zhongjin Irradiationorp Co's Days Inventory declined from Mar. 2023 (2.33) to Mar. 2024 (2.21).

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhongjin Irradiationorp Co's Inventory Turnover for the three months ended in Mar. 2024 was 41.35.

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. Zhongjin Irradiationorp Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.01.


Zhongjin Irradiationorp Co Days Inventory Historical Data

The historical data trend for Zhongjin Irradiationorp 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.

Zhongjin Irradiationorp Co Days Inventory Chart

Zhongjin Irradiationorp Co 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 1.80 1.29 1.52 2.16 1.80

Zhongjin Irradiationorp 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 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 2.33 3.62 5.49 2.63 2.21

Competitive Comparison of Zhongjin Irradiationorp Co's Days Inventory

For the Specialty Industrial Machinery subindustry, Zhongjin Irradiationorp 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.


Zhongjin Irradiationorp Co's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Zhongjin Irradiationorp Co's Days Inventory falls into.



Zhongjin Irradiationorp Co Days Inventory Calculation

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

Zhongjin Irradiationorp 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
=( (0.75 + 0.497) / 2 ) / 126.272*365
=0.6235 / 126.272*365
=1.80

Zhongjin Irradiationorp 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
=( (0.497 + 0.934) / 2 ) / 29.589*365 / 4
=0.7155 / 29.589*365 / 4
=2.21

* 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.


Zhongjin Irradiationorp Co  (SZSE:300962) 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.

Zhongjin Irradiationorp Co'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.

Zhongjin Irradiationorp Co'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.


Zhongjin Irradiationorp Co Days Inventory Related Terms

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


Zhongjin Irradiationorp Co (SZSE:300962) Business Description

Traded in Other Exchanges
N/A
Address
68 Dongsheng Road, Luohu District, Guangdong Province, Shenzhen, CHN, 518019
CICC Irradiation Co Ltd is a sterilization and irradiation technology service chain company.

Zhongjin Irradiationorp Co (SZSE:300962) Headlines

No Headlines