China ITS (Holdings) Co (HKSE:01900) Days Inventory : 182.14 (As of Dec. 2023)

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What is China ITS (Holdings) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China ITS (Holdings) Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$345.2 Mil. China ITS (Holdings) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$345.9 Mil. Hence, China ITS (Holdings) Co's Days Inventory for the six months ended in Dec. 2023 was 182.14.

The historical rank and industry rank for China ITS (Holdings) Co's Days Inventory or its related term are showing as below:

HKSE:01900' s Days Inventory Range Over the Past 10 Years
Min: 4 Med: 46.8 Max: 295.37
Current: 211.39

During the past 13 years, China ITS (Holdings) Co's highest Days Inventory was 295.37. The lowest was 4.00. And the median was 46.80.

HKSE:01900's Days Inventory is ranked worse than
91.81% of 1563 companies
in the Software industry
Industry Median: 19.18 vs HKSE:01900: 211.39

China ITS (Holdings) Co's Days Inventory declined from Dec. 2022 (187.69) to Dec. 2023 (182.14).

Inventory Turnover measures how fast the company turns over its inventory within a year. China ITS (Holdings) Co's Inventory Turnover for the six months ended in Dec. 2023 was 1.00.

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 ITS (Holdings) Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.62.

China ITS (Holdings) Co Days Inventory Historical Data

The historical data trend for China ITS (Holdings) 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.

China ITS (Holdings) Co Days Inventory Chart

China ITS (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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59.11

139.86

295.37

288.88

238.28

China ITS (Holdings) 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															266.92	572.68	187.69	221.82	182.14

Competitive Comparison of China ITS (Holdings) Co's Days Inventory

For the Information Technology Services subindustry, China ITS (Holdings) 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.

China ITS (Holdings) Co's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, China ITS (Holdings) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where China ITS (Holdings) Co's Days Inventory falls into.

China ITS (Holdings) Co Days Inventory Calculation

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

China ITS (Holdings) 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
=	( (308.642	+	442.125)	/	2 )	/	575.011	*	365
=	375.3835					/	575.011	*	365
=	238.28

China ITS (Holdings) 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
=	( (248.296	+	442.125)	/	2 )	/	345.902	*	365 / 2
=	345.2105					/	345.902	*	365 / 2
=	182.14

China ITS (Holdings) Co (HKSE:01900) 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 ITS (Holdings) Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	345.902	/	345.2105
	=	1.00

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 ITS (Holdings) Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	345.2105	/	559.215
	=	0.62

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 ITS (Holdings) Co Days Inventory Related Terms

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

China ITS (Holdings) Co (HKSE:01900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » China ITS (Holdings) Co Ltd (HKSE:01900) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jiuxianqiao North Road, Building 204, No. A10, Chaoyang District, Beijing, CHN, 100015

Website

http://www.its.cn

China ITS (Holdings) Co Ltd and its subsidiaries are mainly a provider of products, specialized solutions, and services related to infrastructure technology in the railway and electric power sectors. The operating business segments are Railway business which is engaged in the provision of products and specialized solutions mainly including railway communication products and energy-base products. The Electric power business segment is engaged in the provision of products and specialized solutions related to electric power equipment for customers in the electric power infrastructure construction area. Geographically, the company operates in China and Myanmar.

Executives

Jiang Hailin	2201 Interest of corporation controlled by you
Liao Jie	2101 Beneficial owner
China Its Co., Ltd.	2101 Beneficial owner
Central Huijin Investment Ltd.	2106 Person having a security interest in shares
China Construction Bank Corporation	2106 Person having a security interest in shares
Joyful Business Holdings Limited	2101 Beneficial owner
Best Partners Development Limited	2501 Other
Credit Suisse Trust Limited	2301 Trustee
Fino Investments Limited	2201 Interest of corporation controlled by you
Tesco Investments Limited	2201 Interest of corporation controlled by you

China ITS (Holdings) Co (HKSE:01900) Headlines

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