Changan Minsheng APLL Logistics Co (HKSE:01292) Days Inventory : 1.57 (As of Jun. 2024)

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What is Changan Minsheng APLL Logistics Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Changan Minsheng APLL Logistics Co's Average Total Inventories for the six months ended in Jun. 2024 was HK$37 Mil. Changan Minsheng APLL Logistics Co's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$4,278 Mil. Hence, Changan Minsheng APLL Logistics Co's Days Inventory for the six months ended in Jun. 2024 was 1.57.

The historical rank and industry rank for Changan Minsheng APLL Logistics Co's Days Inventory or its related term are showing as below:

HKSE:01292' s Days Inventory Range Over the Past 10 Years
Min: 0.18 Med: 1.71 Max: 4.59
Current: 2.61

During the past 13 years, Changan Minsheng APLL Logistics Co's highest Days Inventory was 4.59. The lowest was 0.18. And the median was 1.71.

HKSE:01292's Days Inventory is ranked better than
81.77% of 768 companies
in the Transportation industry
Industry Median: 11.98 vs HKSE:01292: 2.61

Changan Minsheng APLL Logistics Co's Days Inventory declined from Jun. 2023 (2.79) to Jun. 2024 (1.57).

Inventory Turnover measures how fast the company turns over its inventory within a year. Changan Minsheng APLL Logistics Co's Inventory Turnover for the six months ended in Jun. 2024 was 116.07.

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. Changan Minsheng APLL Logistics Co's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.01.

Changan Minsheng APLL Logistics Co Days Inventory Historical Data

The historical data trend for Changan Minsheng APLL Logistics 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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Changan Minsheng APLL Logistics Co Days Inventory Chart

Changan Minsheng APLL Logistics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

1.26

0.54

0.18

0.54

1.15

Changan Minsheng APLL Logistics Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial															0.46	0.74	2.79	3.05	1.57

Competitive Comparison of Changan Minsheng APLL Logistics Co's Days Inventory

For the Integrated Freight & Logistics subindustry, Changan Minsheng APLL Logistics 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.

Changan Minsheng APLL Logistics Co's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Changan Minsheng APLL Logistics Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Changan Minsheng APLL Logistics Co's Days Inventory falls into.

Changan Minsheng APLL Logistics Co Days Inventory Calculation

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

Changan Minsheng APLL Logistics 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
=	( (20.684	+	31.584)	/	2 )	/	8310.223	*	365
=	26.134					/	8310.223	*	365
=	1.15

Changan Minsheng APLL Logistics Co's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (31.584	+	42.141)	/	2 )	/	4278.488	*	365 / 2
=	36.8625					/	4278.488	*	365 / 2
=	1.57

Changan Minsheng APLL Logistics Co (HKSE:01292) 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.

Changan Minsheng APLL Logistics Co's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4278.488	/	36.8625
	=	116.07

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.

Changan Minsheng APLL Logistics Co's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	36.8625	/	4483.968
	=	0.01

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.

Changan Minsheng APLL Logistics Co Days Inventory Related Terms

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

Changan Minsheng APLL Logistics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Changan Minsheng APLL Logistics Co Ltd (HKSE:01292) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

W8R:Germany

Address

No. 1881, Jinkai Road, Yubei District, Chongqing, CHN, 401122

Website

http://www.camsl.com

Changan Minsheng APLL Logistics Co Ltd is a China-based logistics provider. Along with its subsidiaries, the rendering of transportation services for finished vehicles, supply chain management services for automobile raw materials, components, and parts, transportation services for non-automobile commodities, the sale of packaging materials, and the processing of tires. It principally has its business presence in the PRC.

Executives

Apl Logistics Ltd	2101 Beneficial owner
Apl Logistics Ltd.	2101 Beneficial owner
Zhong Guo Chang An Qi Che Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner

Changan Minsheng APLL Logistics Co Headlines

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