Cosco Shipping Development Co (Cosco Shipping Development Co) Change In Inventory : $0 Mil (TTM As of Mar. 2024)

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What is Cosco Shipping Development Co Change In Inventory?

Cosco Shipping Development Co's change in inventory for the quarter that ended in Mar. 2024 was $0 Mil. It means Cosco Shipping Development Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Cosco Shipping Development Co's change in inventory for the fiscal year that ended in Dec. 2023 was $263 Mil. It means Cosco Shipping Development Co's inventory declined by $263 Mil from Dec. 2022 to Dec. 2023 .

Cosco Shipping Development Co's Total Inventories for the quarter that ended in Mar. 2024 was $465 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cosco Shipping Development Co's Days Inventory for the quarter that ended in Mar. 2024 was 62.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cosco Shipping Development Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.45.

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. Cosco Shipping Development Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.56.

Cosco Shipping Development Co Change In Inventory Historical Data

The historical data trend for Cosco Shipping Development Co's Change In 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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Cosco Shipping Development Co Change In Inventory Chart

Cosco Shipping Development Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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2.63

-27.49

-770.48

422.82

263.01

Cosco Shipping Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Cosco Shipping Development Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

Cosco Shipping Development Co (OTCPK:CITAF) Change In Inventory Explanation

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

Cosco Shipping Development Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	386.373	/	560.143	*	365 / 4
	=	62.94

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Cosco Shipping Development Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	560.143	/	386.373
	=	1.45

3. 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.

Cosco Shipping Development Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	386.373	/	685.909
	=	0.56

Cosco Shipping Development Co Change In Inventory Related Terms

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Cosco Shipping Development Co (Cosco Shipping Development Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cosco Shipping Development Co Ltd (OTCPK:CITAF) » Definitions » Change In Inventory

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Traded in Other Exchanges

CITAY:USA 02866:Hong Kong EZ5:Germany 601866:China

Address

Room A-538, International Trade Building, Pilot Free Trade Zone, Shanghai, CHN, 200127

Website

https://www.cscl.com.cn

COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services, the Container manufacturing segment, which manufactures and sells containers, Investment and services segment, which focuses on equity or debt investment and insurance brokerage services; and Other businesses segment comprises, principally, cargo and liner agency services.

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