Cosco Shipping Development Co (Cosco Shipping Development Co) Days Inventory : 52.32 (As of Dec. 2023)

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What is Cosco Shipping Development Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cosco Shipping Development Co's Average Total Inventories for the three months ended in Dec. 2023 was $270 Mil. Cosco Shipping Development Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $471 Mil. Hence, Cosco Shipping Development Co's Days Inventory for the three months ended in Dec. 2023 was 52.32.

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

CITAY' s Days Inventory Range Over the Past 10 Years
Min: 12.44 Med: 32.24 Max: 108.84
Current: 95.72

During the past 13 years, Cosco Shipping Development Co's highest Days Inventory was 108.84. The lowest was 12.44. And the median was 32.24.

CITAY's Days Inventory is ranked better than
65.28% of 288 companies
in the Aerospace & Defense industry
Industry Median: 138.735 vs CITAY: 95.72

Cosco Shipping Development Co's Days Inventory declined from Dec. 2022 (119.14) to Dec. 2023 (52.32).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cosco Shipping Development Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.74.

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 Development Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.38.

Cosco Shipping Development Co Days Inventory Historical Data

The historical data trend for Cosco Shipping Development 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 Development Co Days Inventory Chart

Cosco Shipping Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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33.10

33.83

61.14

115.32

106.68

Cosco Shipping Development 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															119.14	121.32	251.35	61.58	52.32

Competitive Comparison of Cosco Shipping Development Co's Days Inventory

For the Aerospace & Defense subindustry, Cosco Shipping Development 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 Development Co's Days Inventory Distribution in the Aerospace & Defense Industry

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

* The bar in red indicates where Cosco Shipping Development Co's Days Inventory falls into.

Cosco Shipping Development Co Days Inventory Calculation

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

Cosco Shipping Development 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
=	( (580.903	+	307.771)	/	2 )	/	1520.218	*	365
=	444.337					/	1520.218	*	365
=	106.68

Cosco Shipping Development 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
=	( (232.727	+	307.771)	/	2 )	/	471.312	*	365 / 4
=	270.249					/	471.312	*	365 / 4
=	52.32

Cosco Shipping Development Co (OTCPK:CITAY) 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 Development Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	471.312	/	270.249
	=	1.74

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	270.249	/	716.846
	=	0.38

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 Development Co Days Inventory Related Terms

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

Cosco Shipping Development Co (Cosco Shipping Development Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cosco Shipping Development Co Ltd (OTCPK:CITAY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CITAF:USA 02866:Hong Kong EZ5:Germany 601866:China

Address

Room A-538, International Trade Building, Pilot Free Trade Zone, Shanghai, CHN, 200127

Website

https://www.cscl.com.cn

COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services, the Container manufacturing segment, which manufactures and sells containers, Investment and services segment, which focuses on equity or debt investment and insurance brokerage services; and Other businesses segment comprises, principally, cargo and liner agency services.

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