Air China (SHSE:601111) Days Inventory : 9.46 (As of Dec. 2023)

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What is Air China Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Air China's Average Total Inventories for the three months ended in Dec. 2023 was ¥3,800 Mil. Air China's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥36,656 Mil. Hence, Air China's Days Inventory for the three months ended in Dec. 2023 was 9.46.

The historical rank and industry rank for Air China's Days Inventory or its related term are showing as below:

SHSE:601111' s Days Inventory Range Over the Past 10 Years
Min: 4.45 Med: 6.78 Max: 10.16
Current: 9.33

During the past 13 years, Air China's highest Days Inventory was 10.16. The lowest was 4.45. And the median was 6.78.

SHSE:601111's Days Inventory is ranked better than
56.28% of 780 companies
in the Transportation industry
Industry Median: 11.545 vs SHSE:601111: 9.33

Air China's Days Inventory declined from Dec. 2022 (10.71) to Dec. 2023 (9.46).

Inventory Turnover measures how fast the company turns over its inventory within a year. Air China's Inventory Turnover for the three months ended in Dec. 2023 was 9.65.

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. Air China's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.11.

Air China Days Inventory Historical Data

The historical data trend for Air China'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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Air China Days Inventory Chart

Air China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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6.41

9.54

8.30

10.16

8.50

Air China 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															10.71	10.14	9.67	9.09	9.46

Competitive Comparison of Air China's Days Inventory

For the Airlines subindustry, Air China'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.

Air China's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air China's Days Inventory distribution charts can be found below:

* The bar in red indicates where Air China's Days Inventory falls into.

Air China Days Inventory Calculation

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

Air China'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
=	( (2557.823	+	3682.821)	/	2 )	/	134014.682	*	365
=	3120.322					/	134014.682	*	365
=	8.50

Air China'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
=	( (3916.847	+	3682.821)	/	2 )	/	36655.596	*	365 / 4
=	3799.834					/	36655.596	*	365 / 4
=	9.46

Air China (SHSE:601111) 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.

Air China's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	36655.596	/	3799.834
	=	9.65

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3799.834	/	35623.389
	=	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.

Air China Days Inventory Related Terms

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

Air China (SHSE:601111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air China Ltd (SHSE:601111) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AIRYY:USA AICAF:USA 00753:Hong Kong AD2:Germany AD2:Austria

Address

30 Tianzhu Road, Airport Industrial Zone, Blue Sky Mansion, Shunyi District, Beijing, CHN, 101312

Website

http://www.airchina.com.cn

Air China is based in Beijing. It is one of the largest state-owned airlines and the flag carrier in China. The group operated a fleet of 762 aircraft as of 2022 and carried more than 115 million passengers in prepandemic 2019. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs such as Beijing, Chengdu, and Shanghai. The group's route network extends to over 187 destinations and 43 countries and regions.

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