Changzheng Engineering Technology Co (SHSE:603698) Days Inventory : 42.50 (As of Jun. 2024)

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What is Changzheng Engineering Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Changzheng Engineering Technology Co's Average Total Inventories for the three months ended in Jun. 2024 was ¥304 Mil. Changzheng Engineering Technology Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥653 Mil. Hence, Changzheng Engineering Technology Co's Days Inventory for the three months ended in Jun. 2024 was 42.50.

The historical rank and industry rank for Changzheng Engineering Technology Co's Days Inventory or its related term are showing as below:

SHSE:603698' s Days Inventory Range Over the Past 10 Years
Min: 28.5 Med: 61.9 Max: 223.95
Current: 38.64

During the past 13 years, Changzheng Engineering Technology Co's highest Days Inventory was 223.95. The lowest was 28.50. And the median was 61.90.

SHSE:603698's Days Inventory is ranked better than
54.61% of 1432 companies
in the Construction industry
Industry Median: 46.52 vs SHSE:603698: 38.64

Changzheng Engineering Technology Co's Days Inventory increased from Jun. 2023 (38.55) to Jun. 2024 (42.50). It might indicate that Changzheng Engineering Technology Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Changzheng Engineering Technology Co's Inventory Turnover for the three months ended in Jun. 2024 was 2.15.

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. Changzheng Engineering Technology Co's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.35.

Changzheng Engineering Technology Co Days Inventory Historical Data

The historical data trend for Changzheng Engineering Technology 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.

* Premium members only.

Changzheng Engineering Technology Co Days Inventory Chart

Changzheng Engineering Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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45.44

55.29

43.46

28.50

29.96

Changzheng Engineering Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Inventory	Get a 7-Day Free Trial															38.55	38.72	19.32	184.16	42.50

Competitive Comparison of Changzheng Engineering Technology Co's Days Inventory

For the Engineering & Construction subindustry, Changzheng Engineering Technology 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.

Changzheng Engineering Technology Co's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Changzheng Engineering Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Changzheng Engineering Technology Co's Days Inventory falls into.

Changzheng Engineering Technology Co Days Inventory Calculation

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

Changzheng Engineering Technology 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
=	( (133.144	+	228.535)	/	2 )	/	2203.216	*	365
=	180.8395					/	2203.216	*	365
=	29.96

Changzheng Engineering Technology 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: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (410.939	+	196.896)	/	2 )	/	652.584	*	365 / 4
=	303.9175					/	652.584	*	365 / 4
=	42.50

Changzheng Engineering Technology Co (SHSE:603698) 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.

Changzheng Engineering Technology Co's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	652.584	/	303.9175
	=	2.15

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.

Changzheng Engineering Technology Co's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	303.9175	/	866.44
	=	0.35

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.

Changzheng Engineering Technology Co Days Inventory Related Terms

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

Changzheng Engineering Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Changzheng Engineering Technology Co Ltd (SHSE:603698) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 141, Jinghai 4th Road, Beijing Economic and Technological Development Zone, Ludong District, Beijing, CHN, 101111

Website

http://www.china-acce.com

Changzheng Engineering Co Ltd is the National Technology Engineering Research Center for Pulverized Coal Pressurized Gasification in the industry. The company provides various services such as Simulation training, Driving service, Zero inventory service, Remote service, and others. Its project construction involves Ruixing Project, Xinjiang Manais 40/60 project, Ammonia plant with 300 thousand tons/year of Anhui Haoyuan Chemical Company, and others.

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