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CMST Development Co (SHSE:600787) Days Inventory : 6.59 (As of Mar. 2024)


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What is CMST Development Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CMST Development Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥977 Mil. CMST Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥13,536 Mil. Hence, CMST Development Co's Days Inventory for the three months ended in Mar. 2024 was 6.59.

The historical rank and industry rank for CMST Development Co's Days Inventory or its related term are showing as below:

SHSE:600787' s Days Inventory Range Over the Past 10 Years
Min: 6.75   Med: 13.1   Max: 99.3
Current: 8.33

During the past 13 years, CMST Development Co's highest Days Inventory was 99.30. The lowest was 6.75. And the median was 13.10.

SHSE:600787's Days Inventory is ranked better than
60.23% of 782 companies
in the Transportation industry
Industry Median: 11.49 vs SHSE:600787: 8.33

CMST Development Co's Days Inventory declined from Mar. 2023 (13.84) to Mar. 2024 (6.59).

Inventory Turnover measures how fast the company turns over its inventory within a year. CMST Development Co's Inventory Turnover for the three months ended in Mar. 2024 was 13.85.

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. CMST Development Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.07.


CMST Development Co Days Inventory Historical Data

The historical data trend for CMST Development 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.

* Premium members only.

CMST Development Co Days Inventory Chart

CMST Development Co 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 12.04 9.83 7.45 8.01 6.75

CMST Development Co 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 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 13.84 10.43 7.63 5.52 6.59

Competitive Comparison of CMST Development Co's Days Inventory

For the Integrated Freight & Logistics subindustry, CMST Development 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.


CMST Development Co's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, CMST Development Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where CMST Development Co's Days Inventory falls into.



CMST Development Co Days Inventory Calculation

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

CMST Development 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
=( (1651.145 + 766.817) / 2 ) / 65336.14*365
=1208.981 / 65336.14*365
=6.75

CMST Development Co'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
=( (766.817 + 1187.718) / 2 ) / 13536.236*365 / 4
=977.2675 / 13536.236*365 / 4
=6.59

* 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.


CMST Development Co  (SHSE:600787) 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.

CMST Development Co's Inventory Turnover for the three months ended in Mar. 2024 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.

CMST Development Co's Inventory to Revenue for the three months ended in Mar. 2024 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.


CMST Development Co Days Inventory Related Terms

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


CMST Development Co (SHSE:600787) Business Description

Traded in Other Exchanges
N/A
Address
No.188 Western Road of South 4th Ring Road, 18th Building of 6th section, Fengtai District, Beijing, CHN, 100070
CMST Development Co Ltd provides logistics services. The company has modern logistics distribution centres in Beijing, Shanghai, Tianjin, Jiangsu, Zhejiang, Shandong, Hubei, Hunan, Guangdong, Sichuan, Hebei, Henan, Shaanxi, and Liaoning. It provides the following services: Warehouse and storage, Transportation and distribution, International freight forwarding, Movable assets supervision, logistics plan design, and processing and manufacturing.

CMST Development Co (SHSE:600787) Headlines

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