China Oriental Group Co (FRA:ORG) Days Inventory : 43.22 (As of Dec. 2023)

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What is China Oriental Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Oriental Group Co's Average Total Inventories for the six months ended in Dec. 2023 was €736 Mil. China Oriental Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was €3,108 Mil. Hence, China Oriental Group Co's Days Inventory for the six months ended in Dec. 2023 was 43.22.

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

FRA:ORG' s Days Inventory Range Over the Past 10 Years
Min: 35.48 Med: 46.72 Max: 74.76
Current: 48.55

During the past 13 years, China Oriental Group Co's highest Days Inventory was 74.76. The lowest was 35.48. And the median was 46.72.

FRA:ORG's Days Inventory is ranked better than
77.22% of 575 companies
in the Steel industry
Industry Median: 85.66 vs FRA:ORG: 48.55

China Oriental Group Co's Days Inventory declined from Dec. 2022 (56.27) to Dec. 2023 (43.22).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Oriental Group Co's Inventory Turnover for the six months ended in Dec. 2023 was 4.22.

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 Oriental Group Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.24.

China Oriental Group Co Days Inventory Historical Data

The historical data trend for China Oriental 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 Oriental Group Co Days Inventory Chart

China Oriental Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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35.08

46.27

38.14

47.39

52.60

China Oriental 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															39.70	51.12	56.27	52.10	43.22

Competitive Comparison of China Oriental Group Co's Days Inventory

For the Steel subindustry, China Oriental 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 Oriental Group Co's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, China Oriental Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Oriental Group Co's Days Inventory falls into.

China Oriental Group Co Days Inventory Calculation

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

China Oriental 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
=	( (892.015	+	793.902)	/	2 )	/	5848.915	*	365
=	842.9585					/	5848.915	*	365
=	52.60

China Oriental 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
=	( (678.458	+	793.902)	/	2 )	/	3108.335	*	365 / 2
=	736.18					/	3108.335	*	365 / 2
=	43.22

China Oriental Group Co (FRA:ORG) 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 Oriental 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
	=	3108.335	/	736.18
	=	4.22

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 Oriental Group Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	736.18	/	3108.081
	=	0.24

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 Oriental Group Co Days Inventory Related Terms

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

China Oriental Group Co (FRA:ORG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Oriental Group Co Ltd (FRA:ORG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

00581:Hong Kong ORG:Germany

Address

23 Harbour Road, Suites 901-2 and 10, 9th Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

http://www.chinaorientalgroup.com

China Oriental Group Co Ltd is an iron and steel producer. The company is organized into two main operating segments: Iron and Steel and Real Estate. The Iron and Steel segment is comprised of the manufacturing and sale of iron and steel products and trading of steel products and iron ore and under its Real Estate segment it develops and sells properties. China Oriental produces downstream products including H-section steel, Cold rolled sheets, Galvanized sheets, Strips and strip products, Billets, Rebar, and Steel pile sheets. The company generates the majority of its revenue from the Iron and Steel segment. The firm's major customers are based in Northern China.