Chongqing Brewery Co (SHSE:600132) Days Inventory : 185.37 (As of Dec. 2023)

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What is Chongqing Brewery Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chongqing Brewery Co's Average Total Inventories for the three months ended in Dec. 2023 was ¥1,858 Mil. Chongqing Brewery Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥915 Mil. Hence, Chongqing Brewery Co's Days Inventory for the three months ended in Dec. 2023 was 185.37.

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

SHSE:600132' s Days Inventory Range Over the Past 10 Years
Min: 64.71 Med: 104.88 Max: 249.89
Current: 90.13

During the past 13 years, Chongqing Brewery Co's highest Days Inventory was 249.89. The lowest was 64.71. And the median was 104.88.

SHSE:600132's Days Inventory is ranked better than
68.78% of 205 companies
in the Beverages - Alcoholic industry
Industry Median: 158.99 vs SHSE:600132: 90.13

Chongqing Brewery Co's Days Inventory declined from Dec. 2022 (204.80) to Dec. 2023 (185.37).

Inventory Turnover measures how fast the company turns over its inventory within a year. Chongqing Brewery Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.49.

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. Chongqing Brewery Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.04.

Chongqing Brewery Co Days Inventory Historical Data

The historical data trend for Chongqing Brewery 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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Chongqing Brewery Co Days Inventory Chart

Chongqing Brewery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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64.71

91.25

93.78

106.40

103.36

Chongqing Brewery 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															204.80	80.06	71.43	68.23	185.37

Competitive Comparison of Chongqing Brewery Co's Days Inventory

For the Beverages - Brewers subindustry, Chongqing Brewery 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.

Chongqing Brewery Co's Days Inventory Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Chongqing Brewery Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chongqing Brewery Co's Days Inventory falls into.

Chongqing Brewery Co Days Inventory Calculation

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

Chongqing Brewery 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
=	( (2166.478	+	2100.355)	/	2 )	/	7533.975	*	365
=	2133.4165					/	7533.975	*	365
=	103.36

Chongqing Brewery 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
=	( (1615.753	+	2100.355)	/	2 )	/	914.628	*	365 / 4
=	1858.054					/	914.628	*	365 / 4
=	185.37

Chongqing Brewery Co (SHSE:600132) 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.

Chongqing Brewery Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	914.628	/	1858.054
	=	0.49

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1858.054	/	1786.155
	=	1.04

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.

Chongqing Brewery Co Days Inventory Related Terms

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

Chongqing Brewery Co (SHSE:600132) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Chongqing Brewery Co Ltd (SHSE:600132) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 16 Shiyang Road, Shiqiaopu, Jiulongpo District, Chongqing, Chongqing, CHN, 400039

Website

http://www.chongqingbeer.com

Established in 1958 in Chongqing city, Chongqing Brewery is one of the major beer brewers in China. The company distributes a beer portfolio consisting international brands, such as Carlsberg, Tuborg, 1664, and domestic brands such as Chongqing. In 2013, the company became a subsidiary of Carlsberg Group after the latter acquired a 60% stake in the company. It became the sole operating platform of Carlsberg Group's China business in 2020, after the group injected all its China beer assets into Chongqing Brewery.

Chongqing Brewery Co (SHSE:600132) Headlines

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