LC Logistics (HKSE:02490) Days Inventory : 2.19 (As of Dec. 2023)

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What is LC Logistics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). LC Logistics's Average Total Inventories for the six months ended in Dec. 2023 was HK$7 Mil. LC Logistics's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,107 Mil. Hence, LC Logistics's Days Inventory for the six months ended in Dec. 2023 was 1.09.

The historical rank and industry rank for LC Logistics's Days Inventory or its related term are showing as below:

HKSE:02490' s Days Inventory Range Over the Past 10 Years
Min: 0.99 Med: 1.42 Max: 2.19
Current: 2.19

During the past 4 years, LC Logistics's highest Days Inventory was 2.19. The lowest was 0.99. And the median was 1.42.

HKSE:02490's Days Inventory is ranked better than
83.48% of 775 companies
in the Transportation industry
Industry Median: 11.57 vs HKSE:02490: 2.19

LC Logistics's Days Inventory increased from Dec. 2021 (0.99) to Dec. 2023 (2.19). It might indicate that LC Logistics's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. LC Logistics's Inventory Turnover for the six months ended in Dec. 2023 was 166.98.

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. LC Logistics's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

LC Logistics Days Inventory Historical Data

The historical data trend for LC Logistics'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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LC Logistics Days Inventory Chart

LC Logistics Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

1.69

0.99

1.14

2.19

LC Logistics Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Days Inventory	1.69	0.99	1.14	2.19

Competitive Comparison of LC Logistics's Days Inventory

For the Integrated Freight & Logistics subindustry, LC Logistics'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.

LC Logistics's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, LC Logistics's Days Inventory distribution charts can be found below:

* The bar in red indicates where LC Logistics's Days Inventory falls into.

LC Logistics Days Inventory Calculation

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

LC Logistics'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
=	( (7.368	+	5.888)	/	2 )	/	1106.743	*	365
=	6.628					/	1106.743	*	365
=	2.19

LC Logistics'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: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7.368	+	5.888)	/	2 )	/	1106.743	*	365 / 2
=	6.628					/	1106.743	*	365 / 2
=	1.09

LC Logistics (HKSE:02490) 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.

LC Logistics's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1106.743	/	6.628
	=	166.98

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.628	/	1354.613
	=	0.00

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.

LC Logistics Days Inventory Related Terms

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

LC Logistics (HKSE:02490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LC Logistics Inc (HKSE:02490) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

9/F, China Stone Building, 37 Hong Kong Middle Road, Shinan District, Shandong Province, Qingdao, CHN

Website

http://www.burnasia.cn

LC Logistics Inc is a company involved in cross-border logistics services. The company provides services cover all major aspects of the cross-border logistics process, including cargo pick-up and sorting, customs clearance, cross-border seaborne transportation, warehouse transit and last-mile delivery.

Executives

Li Yan	2201 Interest of corporation controlled by you
Liu Quanxiang	2201 Interest of corporation controlled by you
Xu Xin	2201 Interest of corporation controlled by you
Grand Sailing Limited	2201 Interest of corporation controlled by you
Lecang Altitude Limited	2101 Beneficial owner
Glorious Sailing Limited	2101 Beneficial owner
Lecang Flourishing Limited	2101 Beneficial owner
Spring Wealth Limited	2201 Interest of corporation controlled by you
Lecang Shining Limited	2101 Beneficial owner
Peace Seaworld Limited	2201 Interest of corporation controlled by you

LC Logistics (HKSE:02490) Headlines

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