Heung-A Shipping Co (XKRX:003280) Days Inventory : 26.18 (As of Mar. 2024)

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What is Heung-A Shipping Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Heung-A Shipping Co's Average Total Inventories for the three months ended in Mar. 2024 was ₩9,563 Mil. Heung-A Shipping Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩33,332 Mil. Hence, Heung-A Shipping Co's Days Inventory for the three months ended in Mar. 2024 was 26.18.

The historical rank and industry rank for Heung-A Shipping Co's Days Inventory or its related term are showing as below:

XKRX:003280' s Days Inventory Range Over the Past 10 Years
Min: 5.68 Med: 25.08 Max: 74.18
Current: 27.16

During the past 13 years, Heung-A Shipping Co's highest Days Inventory was 74.18. The lowest was 5.68. And the median was 25.08.

XKRX:003280's Days Inventory is ranked worse than
74.71% of 779 companies
in the Transportation industry
Industry Median: 11.4 vs XKRX:003280: 27.16

Heung-A Shipping Co's Days Inventory declined from Mar. 2023 (27.85) to Mar. 2024 (26.18).

Inventory Turnover measures how fast the company turns over its inventory within a year. Heung-A Shipping Co's Inventory Turnover for the three months ended in Mar. 2024 was 3.49.

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. Heung-A Shipping Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.22.

Heung-A Shipping Co Days Inventory Historical Data

The historical data trend for Heung-A Shipping 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.

Heung-A Shipping Co Days Inventory Chart

Heung-A Shipping Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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50.16

34.15

34.50

22.04

28.12

Heung-A Shipping 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															27.85	26.76	27.92	27.55	26.18

Competitive Comparison of Heung-A Shipping Co's Days Inventory

For the Marine Shipping subindustry, Heung-A Shipping 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.

Heung-A Shipping Co's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Heung-A Shipping Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Heung-A Shipping Co's Days Inventory falls into.

Heung-A Shipping Co Days Inventory Calculation

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

Heung-A Shipping 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
=	( (9225.089	+	9599.208)	/	2 )	/	122169.895	*	365
=	9412.1485					/	122169.895	*	365
=	28.12

Heung-A Shipping 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
=	( (9599.208	+	9527.441)	/	2 )	/	33332.036	*	365 / 4
=	9563.3245					/	33332.036	*	365 / 4
=	26.18

Heung-A Shipping Co (XKRX:003280) 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.

Heung-A Shipping Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	33332.036	/	9563.3245
	=	3.49

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.

Heung-A Shipping Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9563.3245	/	43518.632
	=	0.22

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.

Heung-A Shipping Co Days Inventory Related Terms

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Heung-A Shipping Co (XKRX:003280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Heung-A Shipping Co Ltd (XKRX:003280) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Heung-A Building 21, Saemal-ro 5-gil, Songpa-gu, Seoul, KOR, 05807

Website

http://www.heung-a.com

Heung-A Shipping Co Ltd is engaged in shipping business. The Company provides container and chemical service and total logistics service by inland trucking, sea/air forwarding. It provides logistics service for more than 35 Japan ports, more than 25 China ports, and most of cities throughout Asia. Through Hong Kong and Singapore sub port, it is providing container service throughout South East Asia and North West Asia.

Heung-A Shipping Co (XKRX:003280) Headlines

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