China High Speed Transmission Equipment Group Co (China High Speed Transmission Equipment Group Co) Days Inventory : 122.64 (As of Dec. 2023)

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What is China High Speed Transmission Equipment Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China High Speed Transmission Equipment Group Co's Average Total Inventories for the six months ended in Dec. 2023 was $1,052 Mil. China High Speed Transmission Equipment Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,565 Mil. Hence, China High Speed Transmission Equipment Group Co's Days Inventory for the six months ended in Dec. 2023 was 122.64.

The historical rank and industry rank for China High Speed Transmission Equipment Group Co's Days Inventory or its related term are showing as below:

CHSTY' s Days Inventory Range Over the Past 10 Years
Min: 91.81 Med: 130.82 Max: 153.35
Current: 130.14

During the past 13 years, China High Speed Transmission Equipment Group Co's highest Days Inventory was 153.35. The lowest was 91.81. And the median was 130.82.

CHSTY's Days Inventory is ranked worse than
54.42% of 2907 companies
in the Industrial Products industry
Industry Median: 120.15 vs CHSTY: 130.14

China High Speed Transmission Equipment Group Co's Days Inventory declined from Dec. 2022 (124.92) to Dec. 2023 (122.64).

Inventory Turnover measures how fast the company turns over its inventory within a year. China High Speed Transmission Equipment Group Co's Inventory Turnover for the six months ended in Dec. 2023 was 1.49.

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. China High Speed Transmission Equipment Group Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.59.

China High Speed Transmission Equipment Group Co Days Inventory Historical Data

The historical data trend for China High Speed Transmission Equipment Group 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.

China High Speed Transmission Equipment Group Co Days Inventory Chart

China High Speed Transmission Equipment Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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115.42

91.56

94.50

129.35

120.37

China High Speed Transmission Equipment Group Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															101.94	123.63	124.92	149.96	122.64

Competitive Comparison of China High Speed Transmission Equipment Group Co's Days Inventory

For the Specialty Industrial Machinery subindustry, China High Speed Transmission Equipment Group 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.

China High Speed Transmission Equipment Group Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China High Speed Transmission Equipment Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where China High Speed Transmission Equipment Group Co's Days Inventory falls into.

China High Speed Transmission Equipment Group Co Days Inventory Calculation

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

China High Speed Transmission Equipment Group 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
=	( (993.818	+	916.62)	/	2 )	/	2896.608	*	365
=	955.219					/	2896.608	*	365
=	120.37

China High Speed Transmission Equipment Group Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1187.369	+	916.62)	/	2 )	/	1565.446	*	365 / 2
=	1051.9945					/	1565.446	*	365 / 2
=	122.64

China High Speed Transmission Equipment Group Co (OTCPK:CHSTY) 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.

China High Speed Transmission Equipment Group Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1565.446	/	1051.9945
	=	1.49

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.

China High Speed Transmission Equipment Group Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1051.9945	/	1795.405
	=	0.59

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.

China High Speed Transmission Equipment Group Co Days Inventory Related Terms

Thank you for viewing the detailed overview of China High Speed Transmission Equipment Group Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

China High Speed Transmission Equipment Group Co (China High Speed Transmission Equipment Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China High Speed Transmission Equipment Group Co Ltd (OTCPK:CHSTY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

00658:Hong Kong BGR:Germany

Address

No. 30, Houjiao Road, Jiangning District, Nanjing, CHN

Website

https://www.chste.com

China High Speed Transmission Equipment Group Co Ltd is a China-based company that is engaged in researching, developing, designing, manufacturing, and distributing a wide range of mechanical transmission equipment. Its business portfolio includes Wind Energy Gearboxes; Rail Vehicle Gearboxes; Industrial Gearbox; and Robot Reducers. The company's segment includes Wind and industrial gear transmission equipment; Rail transportation gear transmission equipment segment; Trading business and Others.