China Aluminum Cans Holdings (HKSE:06898) Days Inventory : 64.02 (As of Dec. 2023)

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What is China Aluminum Cans Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Aluminum Cans Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$27.6 Mil. China Aluminum Cans Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$78.7 Mil. Hence, China Aluminum Cans Holdings's Days Inventory for the six months ended in Dec. 2023 was 64.02.

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

HKSE:06898' s Days Inventory Range Over the Past 10 Years
Min: 52.31 Med: 63.09 Max: 200.72
Current: 59.25

During the past 12 years, China Aluminum Cans Holdings's highest Days Inventory was 200.72. The lowest was 52.31. And the median was 63.09.

HKSE:06898's Days Inventory is ranked better than
70.57% of 367 companies
in the Packaging & Containers industry
Industry Median: 78.45 vs HKSE:06898: 59.25

China Aluminum Cans Holdings's Days Inventory declined from Dec. 2022 (70.05) to Dec. 2023 (64.02).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Aluminum Cans Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 2.85.

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 Cans Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.25.

China Aluminum Cans Holdings Days Inventory Historical Data

The historical data trend for China Aluminum Cans Holdings'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 Cans Holdings Days Inventory Chart

China Aluminum Cans Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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164.23

96.29

75.80

68.05

56.75

China Aluminum Cans Holdings 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															71.75	69.35	70.05	57.32	64.02

Competitive Comparison of China Aluminum Cans Holdings's Days Inventory

For the Packaging & Containers subindustry, China Aluminum Cans Holdings'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 Cans Holdings's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, China Aluminum Cans Holdings's Days Inventory distribution charts can be found below:

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

China Aluminum Cans Holdings Days Inventory Calculation

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

China Aluminum Cans Holdings'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
=	( (25.577	+	26.012)	/	2 )	/	165.909	*	365
=	25.7945					/	165.909	*	365
=	56.75

China Aluminum Cans Holdings'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
=	( (29.205	+	26.012)	/	2 )	/	78.706	*	365 / 2
=	27.6085					/	78.706	*	365 / 2
=	64.02

China Aluminum Cans Holdings (HKSE:06898) 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 Cans Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	78.706	/	27.6085
	=	2.85

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	27.6085	/	110.891
	=	0.25

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 Cans Holdings Days Inventory Related Terms

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

China Aluminum Cans Holdings (HKSE:06898) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » China Aluminum Cans Holdings Ltd (HKSE:06898) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Ya Bo Nan Road, National Health Technology Park of Zhongshan, Torch Development Zone, Guangdong Province, Zhongshan, CHN, 528437

Website

http://www.6898hk.com

China Aluminum Cans Holdings Ltd is an investment holding company engaged in the design, development, manufacture, and sale of aluminum aerosol cans. The aluminum aerosol cans are generally used in the packaging of fast-moving personal care products such as body deodorant, hair styling products, and shaving cream, as well as pharmaceutical products, which are pain-relieving spray, spray dressing, and antiseptic spray. Its geographical segments are Africa, America, Asia, Mainland China, and the Middle East, of which the majority of its revenue comes from Mainland China.

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