Beijing Changjiu Logistics (SHSE:603569) Days Inventory : 12.43 (As of Sep. 2023)

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What is Beijing Changjiu Logistics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Beijing Changjiu Logistics's Average Total Inventories for the three months ended in Sep. 2023 was ¥118 Mil. Beijing Changjiu Logistics's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥864 Mil. Hence, Beijing Changjiu Logistics's Days Inventory for the three months ended in Sep. 2023 was 12.43.

The historical rank and industry rank for Beijing Changjiu Logistics's Days Inventory or its related term are showing as below:

SHSE:603569' s Days Inventory Range Over the Past 10 Years
Min: 0.07 Med: 0.28 Max: 8.33
Current: 8.33

During the past 13 years, Beijing Changjiu Logistics's highest Days Inventory was 8.33. The lowest was 0.07. And the median was 0.28.

SHSE:603569's Days Inventory is ranked better than
59.28% of 781 companies
in the Transportation industry
Industry Median: 11.49 vs SHSE:603569: 8.33

Beijing Changjiu Logistics's Days Inventory increased from Sep. 2022 (3.91) to Sep. 2023 (12.43). It might indicate that Beijing Changjiu Logistics's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Beijing Changjiu Logistics's Inventory Turnover for the three months ended in Sep. 2023 was 7.34.

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. Beijing Changjiu Logistics's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.12.

Beijing Changjiu Logistics Days Inventory Historical Data

The historical data trend for Beijing Changjiu Logistics'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.

Beijing Changjiu Logistics Days Inventory Chart

Beijing Changjiu Logistics Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

Get a 7-Day Free Trial

0.50

0.44

0.33

0.71

3.49

Beijing Changjiu Logistics Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															3.91	5.14	6.59	7.97	12.43

Competitive Comparison of Beijing Changjiu Logistics's Days Inventory

For the Trucking subindustry, Beijing Changjiu Logistics'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.

Beijing Changjiu Logistics's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Beijing Changjiu Logistics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Beijing Changjiu Logistics's Days Inventory falls into.

Beijing Changjiu Logistics Days Inventory Calculation

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

Beijing Changjiu Logistics's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (11.689	+	57.041)	/	2 )	/	3596.143	*	365
=	34.365					/	3596.143	*	365
=	3.49

Beijing Changjiu Logistics's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (100.38	+	134.915)	/	2 )	/	863.671	*	365 / 4
=	117.6475					/	863.671	*	365 / 4
=	12.43

Beijing Changjiu Logistics (SHSE:603569) 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.

Beijing Changjiu Logistics's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	863.671	/	117.6475
	=	7.34

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.

Beijing Changjiu Logistics's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	117.6475	/	970.241
	=	0.12

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.

Beijing Changjiu Logistics Days Inventory Related Terms

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

Beijing Changjiu Logistics (SHSE:603569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Beijing Changjiu Logistics Corp (SHSE:603569) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dongsanhuan North Road, 7th Floor, Block B, Jiacheng Plaza, No. 18 Xiaguangli, Chaoyang District, Beijing, CHN, 101300

Website

http://www.changjiulogistics.com.cn

Beijing Changjiu Logistics Corp provides logistics, warehousing, and distribution services. It also provides automotive logistics planning, inbound logistics, outbound logistics, second-car logistics for finished-vehicles and parts to OEMs and dealers and other related services to passenger and commercial vehicles, used cars, and auto parts. Its services include vehicle, used car, parts, pre-production, after-sale, and international logistics; and warehousing.

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