Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) Days Inventory : 3.49 (As of Dec. 2023)

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What is Chu Kong Shipping Enterprises (Group) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chu Kong Shipping Enterprises (Group) Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$22 Mil. Chu Kong Shipping Enterprises (Group) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,158 Mil. Hence, Chu Kong Shipping Enterprises (Group) Co's Days Inventory for the six months ended in Dec. 2023 was 3.49.

The historical rank and industry rank for Chu Kong Shipping Enterprises (Group) Co's Days Inventory or its related term are showing as below:

HKSE:00560' s Days Inventory Range Over the Past 10 Years
Min: 0.14 Med: 0.69 Max: 5.41
Current: 3.57

During the past 13 years, Chu Kong Shipping Enterprises (Group) Co's highest Days Inventory was 5.41. The lowest was 0.14. And the median was 0.69.

HKSE:00560's Days Inventory is ranked better than
76.21% of 782 companies
in the Transportation industry
Industry Median: 11.49 vs HKSE:00560: 3.57

Chu Kong Shipping Enterprises (Group) Co's Days Inventory declined from Dec. 2022 (4.12) to Dec. 2023 (3.49).

Inventory Turnover measures how fast the company turns over its inventory within a year. Chu Kong Shipping Enterprises (Group) Co's Inventory Turnover for the six months ended in Dec. 2023 was 52.23.

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. Chu Kong Shipping Enterprises (Group) Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.

Chu Kong Shipping Enterprises (Group) Co Days Inventory Historical Data

The historical data trend for Chu Kong Shipping Enterprises (Group) 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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Chu Kong Shipping Enterprises (Group) Co Days Inventory Chart

Chu Kong Shipping Enterprises (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.30

3.74

5.41

3.41

3.50

Chu Kong Shipping Enterprises (Group) 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															5.12	3.55	4.12	3.73	3.49

Competitive Comparison of Chu Kong Shipping Enterprises (Group) Co's Days Inventory

For the Marine Shipping subindustry, Chu Kong Shipping Enterprises (Group) 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.

Chu Kong Shipping Enterprises (Group) Co's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Chu Kong Shipping Enterprises (Group) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chu Kong Shipping Enterprises (Group) Co's Days Inventory falls into.

Chu Kong Shipping Enterprises (Group) Co Days Inventory Calculation

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

Chu Kong Shipping Enterprises (Group) 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
=	( (22.301	+	21.225)	/	2 )	/	2268.367	*	365
=	21.763					/	2268.367	*	365
=	3.50

Chu Kong Shipping Enterprises (Group) 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
=	( (23.109	+	21.225)	/	2 )	/	1157.744	*	365 / 2
=	22.167					/	1157.744	*	365 / 2
=	3.49

Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) 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.

Chu Kong Shipping Enterprises (Group) Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1157.744	/	22.167
	=	52.23

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.

Chu Kong Shipping Enterprises (Group) Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.167	/	1320.705
	=	0.02

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.

Chu Kong Shipping Enterprises (Group) Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Chu Kong Shipping Enterprises (Group) Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chu Kong Shipping Enterprises (Group) Co Ltd (HKSE:00560) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

143 Connaught Road, 24th Floor, Chu Kong Shipping Tower, Central, Hong Kong, HKG

Website

https://www.cksd.com

Chu Kong Shipping Enterprises (Group) Co Ltd is an investment holding company, focusing mainly on terminal navigation logistics, high-speed waterway passenger transportation, and fuel supply business. The operating segments of the group are Cargo transportation; Cargo handling and storage; Passenger transportation; Fuel supply; and Corporate and other businesses. It derives key revenue from the Cargo transportation segment which consists of shipping agency, river trade cargo direct shipment and transhipment and container handling and trucking. The group's revenue is derived from operations carried out in Mainland China and Hong Kong.

Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) Headlines

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