Asia Cement (China) Holdings (HKSE:00743) Days Inventory : 37.60 (As of Dec. 2023)

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What is Asia Cement (China) Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Asia Cement (China) Holdings's Average Total Inventories for the three months ended in Dec. 2023 was HK$670 Mil. Asia Cement (China) Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$1,626 Mil. Hence, Asia Cement (China) Holdings's Days Inventory for the three months ended in Dec. 2023 was 37.60.

The historical rank and industry rank for Asia Cement (China) Holdings's Days Inventory or its related term are showing as below:

HKSE:00743' s Days Inventory Range Over the Past 10 Years
Min: 35.44 Med: 44.46 Max: 63.52
Current: 63.52

During the past 13 years, Asia Cement (China) Holdings's highest Days Inventory was 63.52. The lowest was 35.44. And the median was 44.46.

HKSE:00743's Days Inventory is ranked better than
65.04% of 369 companies
in the Building Materials industry
Industry Median: 83.57 vs HKSE:00743: 63.52

Asia Cement (China) Holdings's Days Inventory declined from Sep. 2022 (54.16) to Dec. 2023 (37.60).

Inventory Turnover measures how fast the company turns over its inventory within a year. Asia Cement (China) Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 2.43.

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. Asia Cement (China) Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.36.

Asia Cement (China) Holdings Days Inventory Historical Data

The historical data trend for Asia Cement (China) Holdings'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.

Asia Cement (China) Holdings Days Inventory Chart

Asia Cement (China) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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35.44

35.93

39.09

47.27

43.97

Asia Cement (China) Holdings Quarterly Data
	Jun16	Sep16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															36.49	-	43.29	37.60	45.56

Competitive Comparison of Asia Cement (China) Holdings's Days Inventory

For the Building Materials subindustry, Asia Cement (China) Holdings'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.

Asia Cement (China) Holdings's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Asia Cement (China) Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Asia Cement (China) Holdings's Days Inventory falls into.

Asia Cement (China) Holdings Days Inventory Calculation

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

Asia Cement (China) Holdings'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
=	( (1011.199	+	663.866)	/	2 )	/	6952.85	*	365
=	837.5325					/	6952.85	*	365
=	43.97

Asia Cement (China) Holdings'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (676.391	+	663.866)	/	2 )	/	1626.13	*	365 / 4
=	670.1285					/	1626.13	*	365 / 4
=	37.60

Asia Cement (China) Holdings (HKSE:00743) 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.

Asia Cement (China) Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1626.13	/	670.1285
	=	2.43

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.

Asia Cement (China) Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	670.1285	/	1871.719
	=	0.36

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.

Asia Cement (China) Holdings Days Inventory Related Terms

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Asia Cement (China) Holdings (HKSE:00743) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Asia Cement (China) Holdings Corp (HKSE:00743) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

4OJ:Germany

Address

No. 6 Yadong Avenue, Ma-Tou Town, Jiangxi Province, Ruichang, CHN, 332207

Website

http://www.achc.com.cn

Asia Cement (China) Holdings Corp is an investment holding company. The company operates through the Cement and Concrete business segments. Its products include cement, clinker, ready-mix concrete, and blast-furnace slag powder. It derives revenue from China. Its geographical segments include the Southeastern region, Central region, and Southwestern region.

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