Chongqing Machinery & Electric Co (HKSE:02722) Days Inventory : 120.50 (As of Dec. 2023)

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What is Chongqing Machinery & Electric Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chongqing Machinery & Electric Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$2,428 Mil. Chongqing Machinery & Electric Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,678 Mil. Hence, Chongqing Machinery & Electric Co's Days Inventory for the six months ended in Dec. 2023 was 120.50.

The historical rank and industry rank for Chongqing Machinery & Electric Co's Days Inventory or its related term are showing as below:

HKSE:02722' s Days Inventory Range Over the Past 10 Years
Min: 73.73 Med: 127.63 Max: 184.33
Current: 122.28

During the past 13 years, Chongqing Machinery & Electric Co's highest Days Inventory was 184.33. The lowest was 73.73. And the median was 127.63.

HKSE:02722's Days Inventory is ranked worse than
50.69% of 2910 companies
in the Industrial Products industry
Industry Median: 120.125 vs HKSE:02722: 122.28

Chongqing Machinery & Electric Co's Days Inventory declined from Dec. 2022 (131.53) to Dec. 2023 (120.50).

Inventory Turnover measures how fast the company turns over its inventory within a year. Chongqing Machinery & Electric Co's Inventory Turnover for the six months ended in Dec. 2023 was 1.51.

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. Chongqing Machinery & Electric Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.53.

Chongqing Machinery & Electric Co Days Inventory Historical Data

The historical data trend for Chongqing Machinery & Electric 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.

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Chongqing Machinery & Electric Co Days Inventory Chart

Chongqing Machinery & Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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161.87

149.95

133.69

138.72

121.56

Chongqing Machinery & Electric Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															134.88	132.94	131.53	124.93	120.50

Competitive Comparison of Chongqing Machinery & Electric Co's Days Inventory

For the Specialty Industrial Machinery subindustry, Chongqing Machinery & Electric 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.

Chongqing Machinery & Electric Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chongqing Machinery & Electric Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chongqing Machinery & Electric Co's Days Inventory falls into.

Chongqing Machinery & Electric Co Days Inventory Calculation

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

Chongqing Machinery & Electric 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
=	( (2309.274	+	2439.881)	/	2 )	/	7130.164	*	365
=	2374.5775					/	7130.164	*	365
=	121.56

Chongqing Machinery & Electric Co'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
=	( (2417.002	+	2439.881)	/	2 )	/	3677.968	*	365 / 2
=	2428.4415					/	3677.968	*	365 / 2
=	120.50

Chongqing Machinery & Electric Co (HKSE:02722) 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.

Chongqing Machinery & Electric Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3677.968	/	2428.4415
	=	1.51

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.

Chongqing Machinery & Electric Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2428.4415	/	4560.572
	=	0.53

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.

Chongqing Machinery & Electric Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Chongqing Machinery & Electric Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Chongqing Machinery & Electric Co (HKSE:02722) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Machinery & Electric Co Ltd (HKSE:02722) » Definitions » Days Inventory

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CE3:Germany

Address

No. 60 Middle Section of Huangshan Avenue, New North Zone, Chongqing, CHN, 401123

Website

https://www.chinacqme.com

Chongqing Machinery & Electric Co Ltd is principally engaged in designing, manufacturing, and sales of automobile parts and components, power equipment, general machinery, CNC machine tools, and trade & finance business. It also engages in the operation of equipment manufacturing, real estate development, financial investment, import and export trade, advisory services, and new technology. The company's operating segments include Engines, Hydroelectric Generation Equipment, Electrical Wires and Cables, General Machinery, Machinery tools, CNC machine tools division, High-voltage transformers, Material sales division, Financial Services, and Others.

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