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China Aluminum International Engineering (HKSE:02068) Days Inventory : 34.46 (As of Dec. 2023)


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What is China Aluminum International Engineering Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Aluminum International Engineering's Average Total Inventories for the three months ended in Dec. 2023 was HK$2,806 Mil. China Aluminum International Engineering's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$7,429 Mil. Hence, China Aluminum International Engineering's Days Inventory for the three months ended in Dec. 2023 was 34.46.

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

HKSE:02068' s Days Inventory Range Over the Past 10 Years
Min: 18.49   Med: 41.6   Max: 62.09
Current: 62.09

During the past 13 years, China Aluminum International Engineering's highest Days Inventory was 62.09. The lowest was 18.49. And the median was 41.60.

HKSE:02068's Days Inventory is ranked worse than
56.48% of 1397 companies
in the Construction industry
Industry Median: 48.85 vs HKSE:02068: 62.09

China Aluminum International Engineering's Days Inventory declined from Sep. 2022 (45.65) to Dec. 2023 (34.46).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Aluminum International Engineering's Inventory Turnover for the three months ended in Dec. 2023 was 2.65.

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 Aluminum International Engineering's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.36.


China Aluminum International Engineering Days Inventory Historical Data

The historical data trend for China Aluminum International Engineering'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 Aluminum International Engineering Days Inventory Chart

China Aluminum International Engineering 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 43.46 54.96 50.82 49.72 46.48

China Aluminum International Engineering Quarterly Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 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 43.68 - 54.99 34.46 45.37

Competitive Comparison of China Aluminum International Engineering's Days Inventory

For the Engineering & Construction subindustry, China Aluminum International Engineering'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 Aluminum International Engineering's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Aluminum International Engineering's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Aluminum International Engineering's Days Inventory falls into.



China Aluminum International Engineering Days Inventory Calculation

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

China Aluminum International Engineering'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
=( (3188.169 + 2438.521) / 2 ) / 22094.143*365
=2813.345 / 22094.143*365
=46.48

China Aluminum International Engineering's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (3173.391 + 2438.521) / 2 ) / 7429.434*365 / 4
=2805.956 / 7429.434*365 / 4
=34.46

* 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 Aluminum International Engineering  (HKSE:02068) 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 Aluminum International Engineering's Inventory Turnover for the three months ended in Dec. 2023 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 Aluminum International Engineering's Inventory to Revenue for the three months ended in Dec. 2023 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 Aluminum International Engineering Days Inventory Related Terms

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


China Aluminum International Engineering (HKSE:02068) Business Description

Traded in Other Exchanges
Address
No. 99 Xingshikou Road, Building C, Haidian District, Beijing, CHN, 100093
China Aluminum International Engineering Corp Ltd is a technology, engineering service, and equipment provider in the nonferrous metals industry in China, capable of providing a full range of integrated technology and engineering design and construction services for various businesses in the entire nonferrous metals industry chain. The company's businesses mainly include engineering survey, design and consultancy, engineering and construction contracting, equipment manufacturing, and equipment trading. The company earns its revenue from its operations in China.

China Aluminum International Engineering (HKSE:02068) Headlines

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