Shandong Airlines Co (SZSE:200152) Days Inventory : 3.94 (As of Mar. 2023)

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What is Shandong Airlines Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shandong Airlines Co's Average Total Inventories for the three months ended in Mar. 2023 was HK$201 Mil. Shandong Airlines Co's Cost of Goods Sold for the three months ended in Mar. 2023 was HK$4,653 Mil. Hence, Shandong Airlines Co's Days Inventory for the three months ended in Mar. 2023 was 3.94.

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

SZSE:200152's Days Inventory is not ranked ^*
in the Transportation industry.
Industry Median: 11.545
* Ranked among companies with meaningful Days Inventory only.

Shandong Airlines Co's Days Inventory increased from Mar. 2022 (3.54) to Mar. 2023 (3.94). It might indicate that Shandong Airlines Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shandong Airlines Co's Inventory Turnover for the three months ended in Mar. 2023 was 23.17.

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. Shandong Airlines Co's Inventory-to-Revenue for the three months ended in Mar. 2023 was 0.05.

Shandong Airlines Co Days Inventory Historical Data

The historical data trend for Shandong Airlines 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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Shandong Airlines Co Days Inventory Chart

Shandong Airlines Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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2.05

2.31

3.10

2.95

4.47

Shandong Airlines Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Inventory	Get a 7-Day Free Trial															3.54	5.07	3.04	5.05	3.94

Competitive Comparison of Shandong Airlines Co's Days Inventory

For the Airports & Air Services subindustry, Shandong Airlines 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.

Shandong Airlines Co's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shandong Airlines Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shandong Airlines Co's Days Inventory falls into.

Shandong Airlines Co Days Inventory Calculation

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

Shandong Airlines Co's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (136.877	+	202.264)	/	2 )	/	13840.423	*	365
=	169.5705					/	13840.423	*	365
=	4.47

Shandong Airlines Co's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (202.264	+	199.367)	/	2 )	/	4653.01	*	365 / 4
=	200.8155					/	4653.01	*	365 / 4
=	3.94

Shandong Airlines Co (SZSE:200152) 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.

Shandong Airlines Co's Inventory Turnover for the three months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4653.01	/	200.8155
	=	23.17

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.

Shandong Airlines Co's Inventory to Revenue for the three months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	200.8155	/	4423.726
	=	0.05

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.

Shandong Airlines Co Days Inventory Related Terms

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

Shandong Airlines Co (SZSE:200152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shandong Airlines Co Ltd (SZSE:200152) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

5746 - East 2nd Ring Road, Shandong Airlines Centre, Shandong, Jinan, CHN, 250014

Website

http://www.sda.cn

Shandong Airlines Co Ltd is mainly engaged in providing passenger and cargo air transport services. The company provides services such as Air Transport Services, Logistics & Freight Forwarding Services, Hotel and Catering Services, as well as Training Services. The business activity of the group is operated through Hong Kong, Macau, Taiwan, and overseas markets. The group derives revenue from the rendering of air services for the carriage of passengers and through royalty.

Shandong Airlines Co (SZSE:200152) Headlines

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