COSCO SHIPPING Holdings Co (HKSE:01919) Days Inventory : 15.28 (As of Dec. 2023)

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What is COSCO SHIPPING Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). COSCO SHIPPING Holdings Co's Average Total Inventories for the three months ended in Dec. 2023 was HK$7,120 Mil. COSCO SHIPPING Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$42,533 Mil. Hence, COSCO SHIPPING Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 15.28.

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

HKSE:01919' s Days Inventory Range Over the Past 10 Years
Min: 8.06 Med: 10.74 Max: 16.94
Current: 16.35

During the past 13 years, COSCO SHIPPING Holdings Co's highest Days Inventory was 16.94. The lowest was 8.06. And the median was 10.74.

HKSE:01919's Days Inventory is ranked worse than
61.28% of 780 companies
in the Transportation industry
Industry Median: 11.505 vs HKSE:01919: 16.35

COSCO SHIPPING Holdings Co's Days Inventory increased from Dec. 2022 (13.70) to Dec. 2023 (15.28). It might indicate that COSCO SHIPPING Holdings Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. COSCO SHIPPING Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 was 5.97.

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. COSCO SHIPPING Holdings Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.16.

COSCO SHIPPING Holdings Co Days Inventory Historical Data

The historical data trend for COSCO SHIPPING Holdings 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.

COSCO SHIPPING Holdings Co Days Inventory Chart

COSCO SHIPPING Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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11.12

8.73

8.09

10.71

16.94

COSCO SHIPPING Holdings Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															13.70	16.67	16.97	16.07	15.28

Competitive Comparison of COSCO SHIPPING Holdings Co's Days Inventory

For the Marine Shipping subindustry, COSCO SHIPPING Holdings 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.

COSCO SHIPPING Holdings Co's Days Inventory Distribution in the Transportation Industry

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

* The bar in red indicates where COSCO SHIPPING Holdings Co's Days Inventory falls into.

COSCO SHIPPING Holdings Co Days Inventory Calculation

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

COSCO SHIPPING Holdings 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
=	( (7836.028	+	7176.672)	/	2 )	/	161726.619	*	365
=	7506.35					/	161726.619	*	365
=	16.94

COSCO SHIPPING Holdings 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7063.779	+	7176.672)	/	2 )	/	42532.98	*	365 / 4
=	7120.2255					/	42532.98	*	365 / 4
=	15.28

COSCO SHIPPING Holdings Co (HKSE:01919) 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.

COSCO SHIPPING Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42532.98	/	7120.2255
	=	5.97

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.

COSCO SHIPPING Holdings Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7120.2255	/	44726.101
	=	0.16

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.

COSCO SHIPPING Holdings Co Days Inventory Related Terms

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

COSCO SHIPPING Holdings Co (HKSE:01919) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Holdings Co Ltd (HKSE:01919) » Definitions » Days Inventory

Traded in Other Exchanges

CICOF:USA CICOY:USA C6G0:Germany C6G:Germany C6G:Germany C6G:Germany 601919:China

Address

No. 658 Dong Da Ming Road, 8th Floor, Shanghai, CHN, 200080

Website

https://hold.coscoshipping.com

COSCO SHIPPING Holdings Co Ltd is an investment holding company. The company's operating segment includes the Container shipping business, Terminal business, and Corporate and other operations. It generates maximum revenue from the Container shipping business segment. Its geographical segments includes America, Europe, Asia Pacific, Mainland China, Other international market.

COSCO SHIPPING Holdings Co (HKSE:01919) Headlines

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