Joy Kie (SZSE:300994) Days Inventory : 25.81 (As of Mar. 2024)

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What is Joy Kie Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Joy Kie's Average Total Inventories for the three months ended in Mar. 2024 was ¥131 Mil. Joy Kie's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥461 Mil. Hence, Joy Kie's Days Inventory for the three months ended in Mar. 2024 was 25.81.

The historical rank and industry rank for Joy Kie's Days Inventory or its related term are showing as below:

SZSE:300994' s Days Inventory Range Over the Past 10 Years
Min: 9.53 Med: 15.19 Max: 35.31
Current: 27.56

During the past 7 years, Joy Kie's highest Days Inventory was 35.31. The lowest was 9.53. And the median was 15.19.

SZSE:300994's Days Inventory is ranked better than
53.34% of 673 companies
in the Travel & Leisure industry
Industry Median: 35.06 vs SZSE:300994: 27.56

Joy Kie's Days Inventory declined from Mar. 2023 (35.48) to Mar. 2024 (25.81).

Inventory Turnover measures how fast the company turns over its inventory within a year. Joy Kie's Inventory Turnover for the three months ended in Mar. 2024 was 3.54.

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. Joy Kie's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.25.

Joy Kie Days Inventory Historical Data

The historical data trend for Joy Kie'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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Joy Kie Days Inventory Chart

Joy Kie Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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9.66

15.19

18.36

35.31

35.15

Joy Kie Quarterly Data
	Dec18	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															35.48	25.97	26.92	32.32	25.81

Competitive Comparison of Joy Kie's Days Inventory

For the Leisure subindustry, Joy Kie'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.

Joy Kie's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Joy Kie's Days Inventory distribution charts can be found below:

* The bar in red indicates where Joy Kie's Days Inventory falls into.

Joy Kie Days Inventory Calculation

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

Joy Kie'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
=	( (187.134	+	141.155)	/	2 )	/	1704.592	*	365
=	164.1445					/	1704.592	*	365
=	35.15

Joy Kie'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
=	( (141.155	+	119.872)	/	2 )	/	461.392	*	365 / 4
=	130.5135					/	461.392	*	365 / 4
=	25.81

Joy Kie (SZSE:300994) 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.

Joy Kie's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	461.392	/	130.5135
	=	3.54

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.

Joy Kie's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	130.5135	/	529.37
	=	0.25

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.

Joy Kie Days Inventory Related Terms

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

Joy Kie (SZSE:300994) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Joy Kie Corp Ltd (SZSE:300994) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.509 Qingtai Street, 8th Floor, Fuchun Building, Shangcheng District, hejiang Province, Hangzhou, CHN, 310002

Website

https://www.joykie.com

Joy Kie Corp Ltd is engaged in the design, research and development, production and sales of complete bicycles and their parts and related derivative products.

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