CNFC Overseas Fisheries Co (SZSE:000798) Days Inventory : 181.49 (As of Mar. 2024)

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What is CNFC Overseas Fisheries Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CNFC Overseas Fisheries Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,862 Mil. CNFC Overseas Fisheries Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥936 Mil. Hence, CNFC Overseas Fisheries Co's Days Inventory for the three months ended in Mar. 2024 was 181.49.

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

SZSE:000798' s Days Inventory Range Over the Past 10 Years
Min: 70.84 Med: 117.04 Max: 146.45
Current: 104.31

During the past 13 years, CNFC Overseas Fisheries Co's highest Days Inventory was 146.45. The lowest was 70.84. And the median was 117.04.

SZSE:000798's Days Inventory is ranked worse than
62.41% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs SZSE:000798: 104.31

CNFC Overseas Fisheries Co's Days Inventory increased from Mar. 2023 (77.25) to Mar. 2024 (181.49). It might indicate that CNFC Overseas Fisheries Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. CNFC Overseas Fisheries Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.50.

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. CNFC Overseas Fisheries Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.86.

CNFC Overseas Fisheries Co Days Inventory Historical Data

The historical data trend for CNFC Overseas Fisheries 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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CNFC Overseas Fisheries Co Days Inventory Chart

CNFC Overseas Fisheries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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126.46

141.86

121.00

70.84

146.45

CNFC Overseas Fisheries Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															77.25	-	29.78	128.39	181.49

Competitive Comparison of CNFC Overseas Fisheries Co's Days Inventory

For the Packaged Foods subindustry, CNFC Overseas Fisheries 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.

CNFC Overseas Fisheries Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, CNFC Overseas Fisheries Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where CNFC Overseas Fisheries Co's Days Inventory falls into.

CNFC Overseas Fisheries Co Days Inventory Calculation

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

CNFC Overseas Fisheries 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
=	( (1265.781	+	1812.421)	/	2 )	/	3835.803	*	365
=	1539.101					/	3835.803	*	365
=	146.45

CNFC Overseas Fisheries Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1812.421	+	1911.655)	/	2 )	/	936.208	*	365 / 4
=	1862.038					/	936.208	*	365 / 4
=	181.49

CNFC Overseas Fisheries Co (SZSE:000798) 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.

CNFC Overseas Fisheries Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	936.208	/	1862.038
	=	0.50

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.

CNFC Overseas Fisheries Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1862.038	/	998.94
	=	1.86

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.

CNFC Overseas Fisheries Co Days Inventory Related Terms

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

CNFC Overseas Fisheries Co (SZSE:000798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » CNFC Overseas Fisheries Co Ltd (SZSE:000798) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 31 Minfeng Hutong, Xicheng District, 6th Floor, Zhongshui Building, Beijing, CHN, 100032

Website

http://www.cofc.com.cn

CNFC Overseas Fisheries Co Ltd is a China-based company mainly engaged in distant water fishing operation and international economic and trading cooperation. It owns various ocean-going fishing vessels and carries out fishing operations in the Pacific Ocean, Indian Ocean, and the Atlantic Ocean. Its product offerings include squid from Argentina and Peru, saury, tuna, and by-catches as well as associated processed marine products. The company is also engaged in aquatic products trading, ship repair, import and export of fishing machinery, gears, other related equipment, and supplies.

CNFC Overseas Fisheries Co (SZSE:000798) Headlines

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