ZTO Express (Cayman) (ZTO Express (Cayman)) Days Inventory

: 0.39 (As of Sep. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). ZTO Express (Cayman)'s Average Total Inventories for the three months ended in Sep. 2023 was $4 Mil. ZTO Express (Cayman)'s Cost of Goods Sold for the three months ended in Sep. 2023 was $873 Mil. Hence, ZTO Express (Cayman)'s Days Inventory for the three months ended in Sep. 2023 was 0.39.

The historical rank and industry rank for ZTO Express (Cayman)'s Days Inventory or its related term are showing as below:

ZTO' s Days Inventory Range Over the Past 10 Years
Min: 0.52 Med: 1.03 Max: 1.46
Current: 0.52

During the past 9 years, ZTO Express (Cayman)'s highest Days Inventory was 1.46. The lowest was 0.52. And the median was 1.03.

ZTO's Days Inventory is ranked better than
95.92% of 784 companies
in the Transportation industry
Industry Median: 11.58 vs ZTO: 0.52

ZTO Express (Cayman)'s Days Inventory declined from Sep. 2022 (0.67) to Sep. 2023 (0.39).

Inventory Turnover measures how fast the company turns over its inventory within a year. ZTO Express (Cayman)'s Inventory Turnover for the three months ended in Sep. 2023 was 232.71.

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. ZTO Express (Cayman)'s Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.00.

ZTO Express (Cayman) Days Inventory Historical Data

The historical data trend for ZTO Express (Cayman)'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.

ZTO Express (Cayman) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

1.19

1.04

0.88

1.03

0.91

ZTO Express (Cayman) Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory																0.67	0.67	0.49	0.40	0.39

Competitive Comparison

For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'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.

ZTO Express (Cayman) Days Inventory Distribution

For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where ZTO Express (Cayman)'s Days Inventory falls into.

ZTO Express (Cayman) Days Inventory Calculation

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

ZTO Express (Cayman)'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
=	( (13.025	+	5.815)	/	2 )	/	3777.805	*	365
=	9.42					/	3777.805	*	365
=	0.91

ZTO Express (Cayman)'s Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (3.72	+	3.781)	/	2 )	/	872.782	*	365 / 4
=	3.7505					/	872.782	*	365 / 4
=	0.39

ZTO Express (Cayman) (NYSE:ZTO) 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.

ZTO Express (Cayman)'s Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	872.782	/	3.7505
	=	232.71

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.

ZTO Express (Cayman)'s Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.7505	/	1243.634
	=	0.00

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.

ZTO Express (Cayman) Days Inventory Related Terms

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ZTO Express (Cayman) (ZTO Express (Cayman)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ZTO Express (Cayman) Inc (NYSE:ZTO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ZTO:Mexico 02057:Hong Kong 0A33:UK ZTOA:Germany Z1TO34:Brazil

Address

No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708

Website

http://ir.zto.com

ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 22.1% in 2022. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains the Chairman, CEO, and its major shareholder with 77% voting rights as of June 30, 2023. ZTO's strategic shareholder is leading China e-commerce company, Alibaba Group, with around an 11.7% interest.