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China High-Speed Railway Technology Co (SZSE:000008) Days Inventory : 721.40 (As of Mar. 2024)


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What is China High-Speed Railway Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China High-Speed Railway Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥827 Mil. China High-Speed Railway Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥105 Mil. Hence, China High-Speed Railway Technology Co's Days Inventory for the three months ended in Mar. 2024 was 721.40.

The historical rank and industry rank for China High-Speed Railway Technology Co's Days Inventory or its related term are showing as below:

SZSE:000008' s Days Inventory Range Over the Past 10 Years
Min: 19.75   Med: 188.92   Max: 345.88
Current: 205.86

During the past 13 years, China High-Speed Railway Technology Co's highest Days Inventory was 345.88. The lowest was 19.75. And the median was 188.92.

SZSE:000008's Days Inventory is ranked worse than
87.45% of 1394 companies
in the Construction industry
Industry Median: 48.6 vs SZSE:000008: 205.86

China High-Speed Railway Technology Co's Days Inventory increased from Mar. 2023 (346.85) to Mar. 2024 (721.40). It might indicate that China High-Speed Railway Technology Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. China High-Speed Railway Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.13.

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 High-Speed Railway Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 4.58.


China High-Speed Railway Technology Co Days Inventory Historical Data

The historical data trend for China High-Speed Railway 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.

China High-Speed Railway Technology Co Days Inventory Chart

China High-Speed Railway Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 149.17 267.07 272.46 345.88 178.04

China High-Speed Railway Technology Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 346.85 353.42 319.63 83.37 721.40

Competitive Comparison of China High-Speed Railway Technology Co's Days Inventory

For the Infrastructure Operations subindustry, China High-Speed Railway 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.


China High-Speed Railway Technology Co's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, China High-Speed Railway Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where China High-Speed Railway Technology Co's Days Inventory falls into.



China High-Speed Railway Technology Co Days Inventory Calculation

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

China High-Speed Railway 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
=( (1054.922 + 797.185) / 2 ) / 1898.496*365
=926.0535 / 1898.496*365
=178.04

China High-Speed Railway Technology Co'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
=( (797.185 + 855.952) / 2 ) / 104.553*365 / 4
=826.5685 / 104.553*365 / 4
=721.40

* 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.


China High-Speed Railway Technology Co  (SZSE:000008) 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 High-Speed Railway Technology Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

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 High-Speed Railway Technology Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

* 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.


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 High-Speed Railway Technology Co Days Inventory Related Terms

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


China High-Speed Railway Technology Co (SZSE:000008) Business Description

Traded in Other Exchanges
N/A
Address
Gaoliangqiao Street, 16 / F, Building 1, No. 59, Haidian District, Beijing, CHN, 100044
China High-Speed Railway Technology Co Ltd is a China-based company engages in the operation and maintenance of rail transit. Its products include high power locomotive, long rail welding, and maintenance series, power supply system operation, railway intelligent equipment and station scheduling series. It provides overall solutions, core equipment, and integrated services for rail transit operations and maintenance.

China High-Speed Railway Technology Co (SZSE:000008) Headlines

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