Higoshipping Co (BJSE:872351) Days Inventory : 5.42 (As of Mar. 2024)

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What is Higoshipping Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Higoshipping Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥23 Mil. Higoshipping Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥385 Mil. Hence, Higoshipping Co's Days Inventory for the three months ended in Mar. 2024 was 5.42.

The historical rank and industry rank for Higoshipping Co's Days Inventory or its related term are showing as below:

BJSE:872351' s Days Inventory Range Over the Past 10 Years
Min: 0.36 Med: 2.2 Max: 10.38
Current: 3.27

During the past 9 years, Higoshipping Co's highest Days Inventory was 10.38. The lowest was 0.36. And the median was 2.20.

BJSE:872351's Days Inventory is ranked better than
78.32% of 775 companies
in the Transportation industry
Industry Median: 11.42 vs BJSE:872351: 3.27

Higoshipping Co's Days Inventory increased from Mar. 2023 (2.78) to Mar. 2024 (5.42). It might indicate that Higoshipping Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Higoshipping Co's Inventory Turnover for the three months ended in Mar. 2024 was 16.83.

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. Higoshipping Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.06.

Higoshipping Co Days Inventory Historical Data

The historical data trend for Higoshipping 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.

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Higoshipping Co Days Inventory Chart

Higoshipping Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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10.38

9.63

2.20

1.20

3.78

Higoshipping Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															2.78	1.84	1.46	3.81	5.42

Competitive Comparison of Higoshipping Co's Days Inventory

For the Marine Shipping subindustry, Higoshipping 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.

Higoshipping Co's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Higoshipping Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Higoshipping Co's Days Inventory falls into.

Higoshipping Co Days Inventory Calculation

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

Higoshipping 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
=	( (7.9	+	21.762)	/	2 )	/	1431.107	*	365
=	14.831					/	1431.107	*	365
=	3.78

Higoshipping 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
=	( (21.762	+	23.988)	/	2 )	/	384.906	*	365 / 4
=	22.875					/	384.906	*	365 / 4
=	5.42

Higoshipping Co (BJSE:872351) 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.

Higoshipping Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	384.906	/	22.875
	=	16.83

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.

Higoshipping Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.875	/	412.818
	=	0.06

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.

Higoshipping Co Days Inventory Related Terms

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

Higoshipping Co (BJSE:872351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Higoshipping Co Ltd (BJSE:872351) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Furong Middle Road, Room 1910, Xinshikong, No. 398, Section 3, Tianxin District, Hunan Province, Changsha City, CHN, 410007

Website

http://www.higoshipping.com

Higoshipping Co Ltd is a logistics enterprise integrating domestic feeder container liner transportation, international shipping agency, international freight forwarder, and third-party logistics. The company's shipping lines mainly include river-sea container shipping from Changsha Port to Shanghai Outer Port, International freight forwarding, river-ocean combined transport container liner transport, and road transport on the feeder line of the Yangtze River.

Higoshipping Co (BJSE:872351) Headlines

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