CCSC Technology International Holdings (CCSC Technology International Holdings) Days Inventory : 70.60 (As of Sep. 2023)

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What is CCSC Technology International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CCSC Technology International Holdings's Average Total Inventories for the six months ended in Sep. 2023 was $2.02 Mil. CCSC Technology International Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was $5.22 Mil. Hence, CCSC Technology International Holdings's Days Inventory for the six months ended in Sep. 2023 was 70.60.

The historical rank and industry rank for CCSC Technology International Holdings's Days Inventory or its related term are showing as below:

CCTG' s Days Inventory Range Over the Past 10 Years
Min: 75.58 Med: 79.04 Max: 85.67
Current: 75.58

During the past 3 years, CCSC Technology International Holdings's highest Days Inventory was 85.67. The lowest was 75.58. And the median was 79.04.

CCTG's Days Inventory is ranked better than
75.95% of 2911 companies
in the Industrial Products industry
Industry Median: 120.53 vs CCTG: 75.58

CCSC Technology International Holdings's Days Inventory increased from Sep. 2022 (69.55) to Sep. 2023 (70.60). It might indicate that CCSC Technology International Holdings'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. CCSC Technology International Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 2.58.

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. CCSC Technology International Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.27.

CCSC Technology International Holdings Days Inventory Historical Data

The historical data trend for CCSC Technology International Holdings'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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CCSC Technology International Holdings Days Inventory Chart

CCSC Technology International Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Days Inventory

85.67

78.27

79.04

CCSC Technology International Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			64.17	93.74	69.55	77.81	70.60

Competitive Comparison of CCSC Technology International Holdings's Days Inventory

For the Electrical Equipment & Parts subindustry, CCSC Technology International Holdings'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.

CCSC Technology International Holdings's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CCSC Technology International Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where CCSC Technology International Holdings's Days Inventory falls into.

CCSC Technology International Holdings Days Inventory Calculation

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

CCSC Technology International Holdings's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (4.824	+	2.188)	/	2 )	/	16.191	*	365
=	3.506					/	16.191	*	365
=	79.04

CCSC Technology International Holdings's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (2.188	+	1.854)	/	2 )	/	5.224	*	365 / 2
=	2.021					/	5.224	*	365 / 2
=	70.60

CCSC Technology International Holdings (NAS:CCTG) 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.

CCSC Technology International Holdings's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.224	/	2.021
	=	2.58

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.

CCSC Technology International Holdings's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.021	/	7.504
	=	0.27

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.

CCSC Technology International Holdings Days Inventory Related Terms

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CCSC Technology International Holdings (CCSC Technology International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CCSC Technology International Holdings Ltd (NAS:CCTG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

Website

CCSC Technology International Holdings Ltd is a company primarily involved in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses. They specialize in customized interconnect products, including connectors, cables and harnesses that are used for a range of applications in a diversified set of industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products.

CCSC Technology International Holdings (CCSC Technology International Holdings) Headlines

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