GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » J-Long Group Ltd (NAS:JL) » Definitions » Days Inventory

JL (J-Long Group) Days Inventory : 92.36 (As of Mar. 2024)


View and export this data going back to 2024. Start your Free Trial

What is J-Long Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). J-Long Group's Average Total Inventories for the six months ended in Mar. 2024 was $5.56 Mil. J-Long Group's Cost of Goods Sold for the six months ended in Mar. 2024 was $10.99 Mil. Hence, J-Long Group's Days Inventory for the six months ended in Mar. 2024 was 92.36.

The historical rank and industry rank for J-Long Group's Days Inventory or its related term are showing as below:

JL' s Days Inventory Range Over the Past 10 Years
Min: 28.6   Med: 47.35   Max: 95.34
Current: 95.34

During the past 4 years, J-Long Group's highest Days Inventory was 95.34. The lowest was 28.60. And the median was 47.35.

JL's Days Inventory is ranked better than
63.68% of 1005 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 125.05 vs JL: 95.34

J-Long Group's Days Inventory increased from Mar. 2023 (90.44) to Mar. 2024 (92.36). It might indicate that J-Long Group'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. J-Long Group's Inventory Turnover for the six months ended in Mar. 2024 was 1.98.

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. J-Long Group's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.40.

J-Long Group Days Inventory Historical Data

The historical data trend for J-Long Group'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.

J-Long Group Days Inventory Chart

J-Long Group Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Days Inventory
41.12 28.60 53.58 86.55

J-Long Group Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Days Inventory Get a 7-Day Free Trial - 27.61 90.44 107.39 92.36

Competitive Comparison of J-Long Group's Days Inventory

For the Apparel Manufacturing subindustry, J-Long Group'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.

J-Long Group's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, J-Long Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where J-Long Group's Days Inventory falls into.


J-Long Group Days Inventory Calculation

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

J-Long Group's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

Days Inventory (A: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2023 ) + Total Inventories (A: Mar. 2024 )) / count ) / Cost of Goods Sold (A: Mar. 2024 )*Days in Period
=( (5.786 + 4.449) / 2 ) / 21.582*365
=5.1175 / 21.582*365
=86.55

J-Long Group'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: Sep. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (6.677 + 4.449) / 2 ) / 10.992*365 / 2
=5.563 / 10.992*365 / 2
=92.36

* 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.

J-Long Group  (NAS:JL) 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.

J-Long Group's Inventory Turnover for the six months ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=10.992 / 5.563
=1.98

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.

J-Long Group's Inventory to Revenue for the six months ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=5.563 / 13.807
=0.40

* 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.

J-Long Group Days Inventory Related Terms

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

J-Long Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » J-Long Group Ltd (NAS:JL) » Definitions » Days Inventory
Comparable Companies
Traded in Other Exchanges
N/A
Address
32-40 Wang Lung Street, Flat F, 8th Floor, Houston Industrial Building, Tsuen Wan New Territories, Hong Kong, HKG
Website
https://www.j-long.com
J-Long Group Ltd is an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords. It also offers a wide range of apparel solution services to cater to its customers' needs for reflective and non-reflective garment trims, ranging from market trend analysis, product design and development and production to quality control.