CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Days Inventory : 154.49 (As of Sep. 2024)

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What is CSSC Offshore & Marine Engineering (Group) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CSSC Offshore & Marine Engineering (Group) Co's Average Total Inventories for the three months ended in Sep. 2024 was ¥5,933 Mil. CSSC Offshore & Marine Engineering (Group) Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥3,504 Mil. Hence, CSSC Offshore & Marine Engineering (Group) Co's Days Inventory for the three months ended in Sep. 2024 was 154.49.

The historical rank and industry rank for CSSC Offshore & Marine Engineering (Group) Co's Days Inventory or its related term are showing as below:

SHSE:600685' s Days Inventory Range Over the Past 10 Years
Min: 80.99 Med: 141.19 Max: 194.09
Current: 123.37

During the past 13 years, CSSC Offshore & Marine Engineering (Group) Co's highest Days Inventory was 194.09. The lowest was 80.99. And the median was 141.19.

SHSE:600685's Days Inventory is ranked better than
58.28% of 290 companies
in the Aerospace & Defense industry
Industry Median: 145.02 vs SHSE:600685: 123.37

CSSC Offshore & Marine Engineering (Group) Co's Days Inventory increased from Sep. 2023 (148.44) to Sep. 2024 (154.49). It might indicate that CSSC Offshore & Marine Engineering (Group) Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. CSSC Offshore & Marine Engineering (Group) Co's Inventory Turnover for the three months ended in Sep. 2024 was 0.59.

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. CSSC Offshore & Marine Engineering (Group) Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.50.

CSSC Offshore & Marine Engineering (Group) Co Days Inventory Historical Data

The historical data trend for CSSC Offshore & Marine Engineering (Group) 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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CSSC Offshore & Marine Engineering (Group) Co Days Inventory Chart

CSSC Offshore & Marine Engineering (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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80.99

143.65

158.90

142.06

118.49

CSSC Offshore & Marine Engineering (Group) Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															148.44	88.02	209.84	97.19	154.49

Competitive Comparison of CSSC Offshore & Marine Engineering (Group) Co's Days Inventory

For the Aerospace & Defense subindustry, CSSC Offshore & Marine Engineering (Group) 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.

CSSC Offshore & Marine Engineering (Group) Co's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CSSC Offshore & Marine Engineering (Group) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where CSSC Offshore & Marine Engineering (Group) Co's Days Inventory falls into.

CSSC Offshore & Marine Engineering (Group) Co Days Inventory Calculation

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

CSSC Offshore & Marine Engineering (Group) 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
=	( (4353.611	+	5434.769)	/	2 )	/	15075.78	*	365
=	4894.19					/	15075.78	*	365
=	118.49

CSSC Offshore & Marine Engineering (Group) Co's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (5485.543	+	6381.261)	/	2 )	/	3504.48	*	365 / 4
=	5933.402					/	3504.48	*	365 / 4
=	154.49

CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) 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.

CSSC Offshore & Marine Engineering (Group) Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3504.48	/	5933.402
	=	0.59

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.

CSSC Offshore & Marine Engineering (Group) Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5933.402	/	3958.459
	=	1.50

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.

CSSC Offshore & Marine Engineering (Group) Co Days Inventory Related Terms

Thank you for viewing the detailed overview of CSSC Offshore & Marine Engineering (Group) Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

CSSC Offshore & Marine Engineering (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CSSC Offshore & Marine Engineering (Group) Co Ltd (SHSE:600685) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

00317:Hong Kong GSZ:Germany

Address

No. 137 Gexin Road, 15th Floor, Marine Tower, Shipping Building, Haizhu District, Guangdong Province, Guangzhou, CHN, 510250

Website

http://comec.cssc.net.cn

CSSC Offshore & Marine Engineering (Group) Co Ltd manufactures military and civil ships and conducts off-shore engineering. The functions of the boats have a wide range, including military, patrol, rescue, and transportation. Multiple subsidiaries allow the company to produce multiple ships and supply customized maintenance for clients. The company operates through the following business segments: Shipbuilding and related business which generates key revenue, Steel Structure engineering, Ship maintenance, and others.

Executives

Wu Guang Jun

Supervisors

CSSC Offshore & Marine Engineering (Group) Co Headlines

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