China Southern Airlines Co (SHSE:600029) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is China Southern Airlines Co Change In Inventory?

China Southern Airlines Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means China Southern Airlines Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

China Southern Airlines Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-186 Mil. It means China Southern Airlines Co's inventory increased by ¥186 Mil from Dec. 2022 to Dec. 2023 .

China Southern Airlines Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥1,798 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Southern Airlines Co's Days Inventory for the quarter that ended in Mar. 2024 was 3.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Southern Airlines Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 23.62.

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. China Southern Airlines Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

China Southern Airlines Co Change In Inventory Historical Data

The historical data trend for China Southern Airlines Co's Change In 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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China Southern Airlines Co Change In Inventory Chart

China Southern Airlines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-199.00

77.00

91.00

54.00

-186.00

China Southern Airlines Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

China Southern Airlines Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

China Southern Airlines Co (SHSE:600029) Change In Inventory Explanation

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

China Southern Airlines Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1681.5	/	39725	*	365 / 4
	=	3.86

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

China Southern Airlines Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	39725	/	1681.5
	=	23.62

3. 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.

China Southern Airlines Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1681.5	/	44601
	=	0.04

China Southern Airlines Co Change In Inventory Related Terms

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China Southern Airlines Co (SHSE:600029) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Southern Airlines Co Ltd (SHSE:600029) » Definitions » Change In Inventory

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CHKIF:USA 01055:Hong Kong ZNHH:Germany

Address

68 Qixin Road, China Southern Air Building, Baiyun District, Guangdong Province, Guangzhou, CHN, 510403

Website

https://www.csair.com

China Southern Airlines is based in Guangzhou and is one of the three largest state-owned airlines in China. The group operated a fleet of 894 aircraft as of 2022 and carried more than 150 million passengers in prepandemic 2019, ranking first in Asia. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs like Guangzhou and Beijing. The group's route network extends to over 243 destinations and 44 countries and regions.

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