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Aerospace CH UAV Co (SZSE:002389) Days Inventory : 246.25 (As of Mar. 2024)


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What is Aerospace CH UAV Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Aerospace CH UAV Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥993 Mil. Aerospace CH UAV Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥368 Mil. Hence, Aerospace CH UAV Co's Days Inventory for the three months ended in Mar. 2024 was 246.25.

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

SZSE:002389' s Days Inventory Range Over the Past 10 Years
Min: 78.52   Med: 95.74   Max: 162.44
Current: 159.64

During the past 13 years, Aerospace CH UAV Co's highest Days Inventory was 162.44. The lowest was 78.52. And the median was 95.74.

SZSE:002389's Days Inventory is ranked worse than
54.51% of 288 companies
in the Aerospace & Defense industry
Industry Median: 139.24 vs SZSE:002389: 159.64

Aerospace CH UAV Co's Days Inventory increased from Mar. 2023 (182.75) to Mar. 2024 (246.25). It might indicate that Aerospace CH UAV Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aerospace CH UAV Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.37.

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. Aerospace CH UAV Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 2.14.


Aerospace CH UAV Co Days Inventory Historical Data

The historical data trend for Aerospace CH UAV 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.

Aerospace CH UAV Co Days Inventory Chart

Aerospace CH UAV Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 85.54 94.18 110.89 91.95 151.00

Aerospace CH UAV 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 182.75 155.96 199.51 110.81 246.25

Competitive Comparison of Aerospace CH UAV Co's Days Inventory

For the Aerospace & Defense subindustry, Aerospace CH UAV 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.


Aerospace CH UAV Co's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Aerospace CH UAV Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Aerospace CH UAV Co's Days Inventory falls into.



Aerospace CH UAV Co Days Inventory Calculation

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

Aerospace CH UAV 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
=( (792.261 + 995.225) / 2 ) / 2160.361*365
=893.743 / 2160.361*365
=151.00

Aerospace CH UAV 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
=( (995.225 + 991.416) / 2 ) / 368.079*365 / 4
=993.3205 / 368.079*365 / 4
=246.25

* 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.


Aerospace CH UAV Co  (SZSE:002389) 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.

Aerospace CH UAV Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

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.

Aerospace CH UAV Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

* 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.


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.


Aerospace CH UAV Co Days Inventory Related Terms

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


Aerospace CH UAV Co (SZSE:002389) Business Description

Traded in Other Exchanges
N/A
Address
388 Boulevard Development Zone, Taizhou, CHN, 318000
Aerospace CH UAV Co Ltd is engaged in the development, design, production, maintenance and sales of aviation, spacecraft and equipment, film for capacitors, optical grade polyester film, solar battery back film, packaging film, capacitor manufacturing, sales, aviation, spacecraft and equipment technical consulting services, equipment leasing, computer software design, research and development, installation, commissioning and technical services.

Aerospace CH UAV Co (SZSE:002389) Headlines

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