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AECC Aero-Engine Controls Co (SZSE:000738) Days Inventory : 137.78 (As of Mar. 2024)


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What is AECC Aero-Engine Controls Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AECC Aero-Engine Controls Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,434 Mil. AECC Aero-Engine Controls Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥949 Mil. Hence, AECC Aero-Engine Controls Co's Days Inventory for the three months ended in Mar. 2024 was 137.78.

The historical rank and industry rank for AECC Aero-Engine Controls Co's Days Inventory or its related term are showing as below:

SZSE:000738' s Days Inventory Range Over the Past 10 Years
Min: 125.86   Med: 141.69   Max: 158.77
Current: 132.69

During the past 13 years, AECC Aero-Engine Controls Co's highest Days Inventory was 158.77. The lowest was 125.86. And the median was 141.69.

SZSE:000738's Days Inventory is ranked better than
53.12% of 288 companies
in the Aerospace & Defense industry
Industry Median: 139.24 vs SZSE:000738: 132.69

AECC Aero-Engine Controls Co's Days Inventory declined from Mar. 2023 (140.38) to Mar. 2024 (137.78).

Inventory Turnover measures how fast the company turns over its inventory within a year. AECC Aero-Engine Controls Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.66.

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. AECC Aero-Engine Controls Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.01.


AECC Aero-Engine Controls Co Days Inventory Historical Data

The historical data trend for AECC Aero-Engine Controls 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.

AECC Aero-Engine Controls Co Days Inventory Chart

AECC Aero-Engine Controls 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 142.10 135.52 128.11 125.86 132.82

AECC Aero-Engine Controls 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 140.38 127.65 129.47 137.68 137.78

Competitive Comparison of AECC Aero-Engine Controls Co's Days Inventory

For the Aerospace & Defense subindustry, AECC Aero-Engine Controls 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.


AECC Aero-Engine Controls Co's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AECC Aero-Engine Controls Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where AECC Aero-Engine Controls Co's Days Inventory falls into.



AECC Aero-Engine Controls Co Days Inventory Calculation

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

AECC Aero-Engine Controls 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
=( (1364.146 + 1446.392) / 2 ) / 3861.819*365
=1405.269 / 3861.819*365
=132.82

AECC Aero-Engine Controls 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
=( (1446.392 + 1420.84) / 2 ) / 949.492*365 / 4
=1433.616 / 949.492*365 / 4
=137.78

* 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.


AECC Aero-Engine Controls Co  (SZSE:000738) 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.

AECC Aero-Engine Controls 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.

AECC Aero-Engine Controls 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.


AECC Aero-Engine Controls Co Days Inventory Related Terms

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AECC Aero-Engine Controls Co (SZSE:000738) Business Description

Traded in Other Exchanges
N/A
Address
No.72 , Liangxi Road, Binhu District, Jiangsu Province, Wuxi City, CHN
AECC Aero-Engine Controls Co Ltd is engaged in the provision of aviation and defense and non-aviation civilian products. The company provides civil aviation control system precision components for well-known aviation companies abroad. It operates through three major business segments, Engine Control Systems and Components, International Cooperation and Non-Navigation Products. The Engine Control System and Components business mainly include the development, production, repair, and sales of aero-engine control systems and derivative products.

AECC Aero-Engine Controls Co (SZSE:000738) Headlines

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