China Automotive Systems (STU:RYV) Days Inventory : 87.47 (As of Mar. 2024)

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What is China Automotive Systems Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Automotive Systems's Average Total Inventories for the three months ended in Mar. 2024 was €101.7 Mil. China Automotive Systems's Cost of Goods Sold for the three months ended in Mar. 2024 was €106.1 Mil. Hence, China Automotive Systems's Days Inventory for the three months ended in Mar. 2024 was 87.47.

The historical rank and industry rank for China Automotive Systems's Days Inventory or its related term are showing as below:

STU:RYV' s Days Inventory Range Over the Past 10 Years
Min: 55.72 Med: 77.81 Max: 93.56
Current: 82.86

During the past 13 years, China Automotive Systems's highest Days Inventory was 93.56. The lowest was 55.72. And the median was 77.81.

STU:RYV's Days Inventory is ranked worse than
50.75% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 81.74 vs STU:RYV: 82.86

China Automotive Systems's Days Inventory increased from Mar. 2023 (82.81) to Mar. 2024 (87.47). It might indicate that China Automotive Systems's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Automotive Systems's Inventory Turnover for the three months ended in Mar. 2024 was 1.04.

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 Automotive Systems's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.79.

China Automotive Systems Days Inventory Historical Data

The historical data trend for China Automotive Systems'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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China Automotive Systems Days Inventory Chart

China Automotive Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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83.74

90.23

85.07

90.58

88.02

China Automotive Systems 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															82.81	82.35	81.70	79.83	87.47

Competitive Comparison of China Automotive Systems's Days Inventory

For the Auto Parts subindustry, China Automotive Systems'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.

China Automotive Systems's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Automotive Systems's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Automotive Systems's Days Inventory falls into.

China Automotive Systems Days Inventory Calculation

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

China Automotive Systems'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
=	( (105.951	+	103.063)	/	2 )	/	433.377	*	365
=	104.507					/	433.377	*	365
=	88.02

China Automotive Systems'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
=	( (103.063	+	100.355)	/	2 )	/	106.099	*	365 / 4
=	101.709					/	106.099	*	365 / 4
=	87.47

China Automotive Systems (STU:RYV) 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.

China Automotive Systems's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	106.099	/	101.709
	=	1.04

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.

China Automotive Systems's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	101.709	/	128.242
	=	0.79

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.

China Automotive Systems Days Inventory Related Terms

Thank you for viewing the detailed overview of China Automotive Systems's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

China Automotive Systems (STU:RYV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Automotive Systems Inc (STU:RYV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CAAS:USA RYV:Germany

Address

No. 1 Henglong Road, Yu Qiao Development Zone, Shashi District, Hubei Province, Jing Zhou, CHN, 434000

Website

http://www.caasauto.com

China Automotive Systems Inc is a holding company. The firm through its subsidiary is a supplier of power steering systems and components to China's automotive industry. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. The company offers four separate series, more than 310 models of power steering including rack and pinion power steering, integral power steering, electronic power steering and manual steering, steering columns, steering oil pumps, and steering hoses. Geographically, it derives a majority of revenue from China.

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