CITIC Metal Co (SHSE:601061) Days Inventory : 43.48 (As of Mar. 2024)

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What is CITIC Metal Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CITIC Metal Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥12,575 Mil. CITIC Metal Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥26,390 Mil. Hence, CITIC Metal Co's Days Inventory for the three months ended in Mar. 2024 was 43.48.

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

SHSE:601061' s Days Inventory Range Over the Past 10 Years
Min: 24.4 Med: 29.69 Max: 40.47
Current: 34.12

During the past 6 years, CITIC Metal Co's highest Days Inventory was 40.47. The lowest was 24.40. And the median was 29.69.

SHSE:601061's Days Inventory is ranked better than
85.63% of 661 companies
in the Metals & Mining industry
Industry Median: 88.57 vs SHSE:601061: 34.12

CITIC Metal Co's Days Inventory increased from Mar. 2023 (34.45) to Mar. 2024 (43.48). It might indicate that CITIC Metal Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. CITIC Metal Co's Inventory Turnover for the three months ended in Mar. 2024 was 2.10.

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. CITIC Metal Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.47.

CITIC Metal Co Days Inventory Historical Data

The historical data trend for CITIC Metal 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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CITIC Metal Co Days Inventory Chart

CITIC Metal Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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28.40

24.40

24.65

30.97

33.04

CITIC Metal Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial									34.45	31.08	29.91	33.07	43.48

Competitive Comparison of CITIC Metal Co's Days Inventory

For the Other Industrial Metals & Mining subindustry, CITIC Metal 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.

CITIC Metal Co's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, CITIC Metal Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where CITIC Metal Co's Days Inventory falls into.

CITIC Metal Co Days Inventory Calculation

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

CITIC Metal 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
=	( (10126.777	+	11977.381)	/	2 )	/	122104.748	*	365
=	11052.079					/	122104.748	*	365
=	33.04

CITIC Metal 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
=	( (11977.381	+	13172.342)	/	2 )	/	26389.74	*	365 / 4
=	12574.8615					/	26389.74	*	365 / 4
=	43.48

CITIC Metal Co (SHSE:601061) 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.

CITIC Metal Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	26389.74	/	12574.8615
	=	2.10

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.

CITIC Metal Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12574.8615	/	26831.644
	=	0.47

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.

CITIC Metal Co Days Inventory Related Terms

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

CITIC Metal Co (SHSE:601061) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CITIC Metal Co Ltd (SHSE:601061) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 6 Xinyuan South Road, Room 1903, Jingcheng Building, Chaoyang District, Beijing, CHN, 100004

Website

http://www.metal.citic

CITIC Metal Co Ltd is engaged in the bulk trade business of metal minerals, the main trade products are niobium products, iron ore, non-ferrous metals, steel and so on.

CITIC Metal Co (SHSE:601061) Headlines

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