COSCO SHIPPING International (Hong Kong) Co (COSCO SHIPPING International (Hong Kong) Co) Days Inventory : 28.99 (As of Dec. 2023)

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What is COSCO SHIPPING International (Hong Kong) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). COSCO SHIPPING International (Hong Kong) Co's Average Total Inventories for the six months ended in Dec. 2023 was $35.4 Mil. COSCO SHIPPING International (Hong Kong) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $222.9 Mil. Hence, COSCO SHIPPING International (Hong Kong) Co's Days Inventory for the six months ended in Dec. 2023 was 28.99.

The historical rank and industry rank for COSCO SHIPPING International (Hong Kong) Co's Days Inventory or its related term are showing as below:

CHDGF' s Days Inventory Range Over the Past 10 Years
Min: 15.08 Med: 30.04 Max: 39.05
Current: 34.61

During the past 13 years, COSCO SHIPPING International (Hong Kong) Co's highest Days Inventory was 39.05. The lowest was 15.08. And the median was 30.04.

CHDGF's Days Inventory is ranked worse than
80.03% of 781 companies
in the Transportation industry
Industry Median: 11.4 vs CHDGF: 34.61

COSCO SHIPPING International (Hong Kong) Co's Days Inventory increased from Dec. 2022 (28.86) to Dec. 2023 (28.99). It might indicate that COSCO SHIPPING International (Hong Kong) Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. COSCO SHIPPING International (Hong Kong) Co's Inventory Turnover for the six months ended in Dec. 2023 was 6.30.

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 International (Hong Kong) Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.16.

COSCO SHIPPING International (Hong Kong) Co Days Inventory Historical Data

The historical data trend for COSCO SHIPPING International (Hong Kong) 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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COSCO SHIPPING International (Hong Kong) Co Days Inventory Chart

COSCO SHIPPING International (Hong Kong) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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39.01

38.60

36.51

38.07

36.52

COSCO SHIPPING International (Hong Kong) 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															35.36	49.53	28.86	40.16	28.99

Competitive Comparison of COSCO SHIPPING International (Hong Kong) Co's Days Inventory

For the Marine Shipping subindustry, COSCO SHIPPING International (Hong Kong) 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.

COSCO SHIPPING International (Hong Kong) Co's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING International (Hong Kong) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING International (Hong Kong) Co's Days Inventory falls into.

COSCO SHIPPING International (Hong Kong) Co Days Inventory Calculation

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

COSCO SHIPPING International (Hong Kong) 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
=	( (39.146	+	38.2)	/	2 )	/	386.522	*	365
=	38.673					/	386.522	*	365
=	36.52

COSCO SHIPPING International (Hong Kong) 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
=	( (32.624	+	38.2)	/	2 )	/	222.947	*	365 / 2
=	35.412					/	222.947	*	365 / 2
=	28.99

COSCO SHIPPING International (Hong Kong) Co (OTCPK:CHDGF) 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.

COSCO SHIPPING International (Hong Kong) Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	222.947	/	35.412
	=	6.30

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.

COSCO SHIPPING International (Hong Kong) Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	35.412	/	220.379
	=	0.16

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.

COSCO SHIPPING International (Hong Kong) Co Days Inventory Related Terms

Thank you for viewing the detailed overview of COSCO SHIPPING International (Hong Kong) Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

COSCO SHIPPING International (Hong Kong) Co (COSCO SHIPPING International (Hong Kong) Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING International (Hong Kong) Co Ltd (OTCPK:CHDGF) » Definitions » Days Inventory

Traded in Other Exchanges

00517:Hong Kong CSB:Germany

Address

183 Queen's Road Central, 47th Floor, COSCO Tower, Hong Kong, HKG

Website

https://hk.coscoshipping.com

COSCO SHIPPING International (Hong Kong) Co Ltd is a Hong Kong-based company engaged in services relating to shipbuilding, ship trading, and chartering for the fleet. It carries its operations in six segments including Coatings, Marine equipment and spare parts, Ship trading agency, Insurance brokerage, Marine fuel and other products, and General trading. The majority of its revenue comes from the sale of Marine equipment and spare parts. The company has a business network in Mainland China, Hong Kong, Singapore, Japan, Germany, and the USA, among other countries.

COSCO SHIPPING International (Hong Kong) Co (COSCO SHIPPING International (Hong Kong) Co) Headlines

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