Canggang Railway (HKSE:02169) Days Inventory : 95.79 (As of Dec. 2023)

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What is Canggang Railway Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Canggang Railway's Average Total Inventories for the six months ended in Dec. 2023 was HK$61.8 Mil. Canggang Railway's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$117.7 Mil. Hence, Canggang Railway's Days Inventory for the six months ended in Dec. 2023 was 95.79.

The historical rank and industry rank for Canggang Railway's Days Inventory or its related term are showing as below:

HKSE:02169' s Days Inventory Range Over the Past 10 Years
Min: 7.03 Med: 9.19 Max: 92.46
Current: 92.46

During the past 7 years, Canggang Railway's highest Days Inventory was 92.46. The lowest was 7.03. And the median was 9.19.

HKSE:02169's Days Inventory is ranked worse than
90.79% of 782 companies
in the Transportation industry
Industry Median: 11.49 vs HKSE:02169: 92.46

Canggang Railway's Days Inventory increased from Dec. 2022 (48.32) to Dec. 2023 (95.79). It might indicate that Canggang Railway's sales slowed down.

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. Canggang Railway's Inventory Turnover for the six months ended in Dec. 2023 was 1.91.

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. Canggang Railway's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.33.

Canggang Railway Days Inventory Historical Data

The historical data trend for Canggang Railway'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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Canggang Railway Days Inventory Chart

Canggang Railway Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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7.67

9.19

9.43

45.01

90.00

Canggang Railway Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial						9.68	19.15	48.32	91.55	95.79

Competitive Comparison of Canggang Railway's Days Inventory

For the Railroads subindustry, Canggang Railway'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.

Canggang Railway's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Canggang Railway's Days Inventory distribution charts can be found below:

* The bar in red indicates where Canggang Railway's Days Inventory falls into.

Canggang Railway Days Inventory Calculation

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

Canggang Railway'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
=	( (53.536	+	61.357)	/	2 )	/	232.984	*	365
=	57.4465					/	232.984	*	365
=	90.00

Canggang Railway'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (62.162	+	61.357)	/	2 )	/	117.665	*	365 / 2
=	61.7595					/	117.665	*	365 / 2
=	95.79

Canggang Railway (HKSE:02169) 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.

Canggang Railway's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	117.665	/	61.7595
	=	1.91

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.

Canggang Railway's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	61.7595	/	186.799
	=	0.33

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.

Canggang Railway Days Inventory Related Terms

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

Canggang Railway (HKSE:02169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canggang Railway Ltd (HKSE:02169) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yangzhuang Station, Yangerzhuang Town, Huanghua, Hebei Province, Cangzhou, CHN

Website

https://www.czcgtl.com

Canggang Railway Ltd is a local railway operator based in Hebei Province. The company operates in two segments, rail freight transportation services, and other ancillary services, including loading and unloading, road freight transportation, construction, repair and maintenance of Special Service Lines, railway roadbed and other railway facility construction, and certain other businesses. It operates one railway, the Canggang Railway Line, which connects the Shuo-Huang Railway Line and the Han-Huang Railway Line with the Bohai New Area in Cangzhou. Its railway line also connects the Beijing-Shanghai Railway Line. The company earns its revenue from rail freight transportation services.

Canggang Railway (HKSE:02169) Headlines

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