China Shipbuilding Industry (SHSE:601989) Days Inventory : 301.04 (As of Mar. 2024)

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What is China Shipbuilding Industry Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Shipbuilding Industry's Average Total Inventories for the three months ended in Mar. 2024 was ¥29,151 Mil. China Shipbuilding Industry's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥8,836 Mil. Hence, China Shipbuilding Industry's Days Inventory for the three months ended in Mar. 2024 was 301.04.

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

SHSE:601989' s Days Inventory Range Over the Past 10 Years
Min: 232.88 Med: 281.58 Max: 446.61
Current: 250.65

During the past 13 years, China Shipbuilding Industry's highest Days Inventory was 446.61. The lowest was 232.88. And the median was 281.58.

SHSE:601989's Days Inventory is ranked worse than
73.96% of 288 companies
in the Aerospace & Defense industry
Industry Median: 141.995 vs SHSE:601989: 250.65

China Shipbuilding Industry's Days Inventory declined from Mar. 2023 (431.74) to Mar. 2024 (301.04).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Shipbuilding Industry's Inventory Turnover for the three months ended in Mar. 2024 was 0.30.

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 Shipbuilding Industry's Inventory-to-Revenue for the three months ended in Mar. 2024 was 2.87.

China Shipbuilding Industry Days Inventory Historical Data

The historical data trend for China Shipbuilding Industry'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 Shipbuilding Industry Days Inventory Chart

China Shipbuilding Industry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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320.62

281.81

266.87

232.88

234.32

China Shipbuilding Industry 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															431.74	302.86	247.28	199.75	301.04

Competitive Comparison of China Shipbuilding Industry's Days Inventory

For the Aerospace & Defense subindustry, China Shipbuilding Industry'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 Shipbuilding Industry's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, China Shipbuilding Industry's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Shipbuilding Industry's Days Inventory falls into.

China Shipbuilding Industry Days Inventory Calculation

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

China Shipbuilding Industry'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
=	( (25405.139	+	28671.5)	/	2 )	/	42116.693	*	365
=	27038.3195					/	42116.693	*	365
=	234.32

China Shipbuilding Industry'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
=	( (28671.5	+	29630.344)	/	2 )	/	8836.039	*	365 / 4
=	29150.922					/	8836.039	*	365 / 4
=	301.04

China Shipbuilding Industry (SHSE:601989) 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 Shipbuilding Industry's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8836.039	/	29150.922
	=	0.30

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 Shipbuilding Industry's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	29150.922	/	10167.089
	=	2.87

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 Shipbuilding Industry Days Inventory Related Terms

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

China Shipbuilding Industry (SHSE:601989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » China Shipbuilding Industry Corp (SHSE:601989) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 72, Hunan Road, Kunming, Haidian District, Beijing, CHN, 100097

Website

http://www.csicl.com.cn

China Shipbuilding Industry Corp is engaged in the designing, manufacturing and repairing of ships. The company also manufactures marine defense and marine development equipment, marine transportation equipment, deep-sea equipment and ship repair and modification, ship supporting and electromechanical equipment, military-civilian integration strategy emerging industries. The main developer and supplier of domestic naval equipment is responsible for the manufacturing of naval main battle equipment and core ancillary equipment such as aircraft carriers, surface ships, conventional submarines, and underwater weapons.

China Shipbuilding Industry (SHSE:601989) Headlines

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