Daqin Railway Co (SHSE:601006) Days Inventory : 12.18 (As of Mar. 2024)

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What is Daqin Railway Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Daqin Railway Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,921 Mil. Daqin Railway Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥14,390 Mil. Hence, Daqin Railway Co's Days Inventory for the three months ended in Mar. 2024 was 12.18.

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

SHSE:601006' s Days Inventory Range Over the Past 10 Years
Min: 9.02 Med: 10.64 Max: 17.21
Current: 11.23

During the past 13 years, Daqin Railway Co's highest Days Inventory was 17.21. The lowest was 9.02. And the median was 10.64.

SHSE:601006's Days Inventory is ranked better than
50.71% of 779 companies
in the Transportation industry
Industry Median: 11.4 vs SHSE:601006: 11.23

Daqin Railway Co's Days Inventory increased from Mar. 2023 (11.78) to Mar. 2024 (12.18). It might indicate that Daqin Railway Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Daqin Railway Co's Inventory Turnover for the three months ended in Mar. 2024 was 7.49.

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. Daqin Railway Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.11.

Daqin Railway Co Days Inventory Historical Data

The historical data trend for Daqin Railway 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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Daqin Railway Co Days Inventory Chart

Daqin Railway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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9.02

10.44

10.50

10.62

10.66

Daqin Railway Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															11.78	11.85	11.63	9.67	12.18

Competitive Comparison of Daqin Railway Co's Days Inventory

For the Railroads subindustry, Daqin Railway 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.

Daqin Railway Co's Days Inventory Distribution in the Transportation Industry

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

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

Daqin Railway Co Days Inventory Calculation

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

Daqin Railway 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
=	( (1836.656	+	1917.538)	/	2 )	/	64278.748	*	365
=	1877.097					/	64278.748	*	365
=	10.66

Daqin Railway 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
=	( (1917.538	+	1924.994)	/	2 )	/	14390.333	*	365 / 4
=	1921.266					/	14390.333	*	365 / 4
=	12.18

Daqin Railway Co (SHSE:601006) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14390.333	/	1921.266
	=	7.49

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1921.266	/	18268.457
	=	0.11

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.

Daqin Railway Co Days Inventory Related Terms

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

Daqin Railway Co (SHSE:601006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Daqin Railway Co Ltd (SHSE:601006) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14 Zhanbei Street, Shanxi, Datong, CHN, 037005

Website

http://www.daqintielu.com

Daqin Railway is a state-owned rail-transport operator in China. The company's core asset, Daqin Line, and its 41%-owned Shuohuang Line, are China's busiest east-west coal railways. Their combined volume accounts for about one quarter of China's railway coal volume. Coal rail-transport contributes the bulk of Daqin's operating profit. Daqin also hauls other bulk and non-bulk freight and provides passenger rail service.

Daqin Railway Co (SHSE:601006) Headlines

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