CITIC Resources Holdings (HKSE:01205) Days Inventory : 59.45 (As of Dec. 2023)

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What is CITIC Resources Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CITIC Resources Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$394 Mil. CITIC Resources Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,208 Mil. Hence, CITIC Resources Holdings's Days Inventory for the six months ended in Dec. 2023 was 59.45.

The historical rank and industry rank for CITIC Resources Holdings's Days Inventory or its related term are showing as below:

HKSE:01205' s Days Inventory Range Over the Past 10 Years
Min: 27.88 Med: 63.43 Max: 87.14
Current: 58.06

During the past 13 years, CITIC Resources Holdings's highest Days Inventory was 87.14. The lowest was 27.88. And the median was 63.43.

HKSE:01205's Days Inventory is ranked better than
69.7% of 660 companies
in the Metals & Mining industry
Industry Median: 88.655 vs HKSE:01205: 58.06

CITIC Resources Holdings's Days Inventory increased from Dec. 2022 (52.96) to Dec. 2023 (59.45). It might indicate that CITIC Resources Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. CITIC Resources Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 3.07.

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. CITIC Resources Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.22.

CITIC Resources Holdings Days Inventory Historical Data

The historical data trend for CITIC Resources 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.

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CITIC Resources Holdings Days Inventory Chart

CITIC Resources Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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63.65

56.67

47.18

44.91

64.38

CITIC Resources Holdings 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															45.99	40.10	52.96	51.50	59.45

Competitive Comparison of CITIC Resources Holdings's Days Inventory

For the Other Industrial Metals & Mining subindustry, CITIC Resources 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.

CITIC Resources Holdings's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, CITIC Resources Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where CITIC Resources Holdings's Days Inventory falls into.

CITIC Resources Holdings Days Inventory Calculation

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

CITIC Resources 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
=	( (560.457	+	435.861)	/	2 )	/	2824.203	*	365
=	498.159					/	2824.203	*	365
=	64.38

CITIC Resources 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (351.498	+	435.861)	/	2 )	/	1208.482	*	365 / 2
=	393.6795					/	1208.482	*	365 / 2
=	59.45

CITIC Resources Holdings (HKSE:01205) 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.

CITIC Resources Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1208.482	/	393.6795
	=	3.07

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.

CITIC Resources Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	393.6795	/	1782.355
	=	0.22

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.

CITIC Resources Holdings Days Inventory Related Terms

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

CITIC Resources Holdings (HKSE:01205) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CITIC Resources Holdings Ltd (HKSE:01205) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CTJHY:USA CTJHF:USA CZR:Germany

Address

1 Austin Road West, International Commerce Centre, Suites 6701-02 & 08B, 67th Floor, Kowloon, Hong Kong, HKG

Website

http://www.resources.citic

CITIC Resources Holdings Ltd is a provider of strategic natural resources and key commodities. Its activities are the export of commodity products including aluminum ingots, coal, iron ore, alumina, and copper; and the import of other commodity products and manufactured goods including steel, vehicle, and industrial batteries. It has four operating segments; the aluminum smelting segment comprises the operation of the PAS which sources alumina and produces aluminum ingots, the coal segment comprises the operation of coal mines and the sale of coal, the import and export of commodities segment comprises the import of other commodity products and manufactured goods such as steel, and the crude oil segment comprises the operation of oilfields and the sale of crude oil.

CITIC Resources Holdings (HKSE:01205) Headlines

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