Guangzhou Automobile Group Co (SHSE:601238) Days Inventory : 78.64 (As of Mar. 2024)

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What is Guangzhou Automobile Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Guangzhou Automobile Group Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥17,112 Mil. Guangzhou Automobile Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥19,856 Mil. Hence, Guangzhou Automobile Group Co's Days Inventory for the three months ended in Mar. 2024 was 78.64.

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

SHSE:601238' s Days Inventory Range Over the Past 10 Years
Min: 19.45 Med: 37.59 Max: 46.85
Current: 46.85

During the past 13 years, Guangzhou Automobile Group Co's highest Days Inventory was 46.85. The lowest was 19.45. And the median was 37.59.

SHSE:601238's Days Inventory is ranked better than
78.79% of 1254 companies
in the Vehicles & Parts industry
Industry Median: 80.76 vs SHSE:601238: 46.85

Guangzhou Automobile Group Co's Days Inventory increased from Mar. 2023 (47.68) to Mar. 2024 (78.64). It might indicate that Guangzhou Automobile Group Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Guangzhou Automobile Group Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.16.

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. Guangzhou Automobile Group Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.79.

Guangzhou Automobile Group Co Days Inventory Historical Data

The historical data trend for Guangzhou Automobile 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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Guangzhou Automobile Group Co Days Inventory Chart

Guangzhou Automobile Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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45.10

42.07

38.82

36.36

44.25

Guangzhou Automobile Group 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															47.68	36.18	35.20	46.73	78.64

Competitive Comparison of Guangzhou Automobile Group Co's Days Inventory

For the Auto Manufacturers subindustry, Guangzhou Automobile 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.

Guangzhou Automobile Group Co's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Guangzhou Automobile Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Guangzhou Automobile Group Co's Days Inventory falls into.

Guangzhou Automobile Group Co Days Inventory Calculation

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

Guangzhou Automobile 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
=	( (12361.83	+	16720.313)	/	2 )	/	119949.603	*	365
=	14541.0715					/	119949.603	*	365
=	44.25

Guangzhou Automobile Group 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
=	( (16720.313	+	17503.388)	/	2 )	/	19855.977	*	365 / 4
=	17111.8505					/	19855.977	*	365 / 4
=	78.64

Guangzhou Automobile Group Co (SHSE:601238) 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.

Guangzhou Automobile Group Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19855.977	/	17111.8505
	=	1.16

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.

Guangzhou Automobile Group Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	17111.8505	/	21566.434
	=	0.79

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.

Guangzhou Automobile Group Co Days Inventory Related Terms

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

Guangzhou Automobile Group Co (SHSE:601238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Guangzhou Automobile Group Co Ltd (SHSE:601238) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GNZUF:USA 02238:Hong Kong 02G:Germany

Address

18 Whitfield Road, Room 808, Citicorp Centre, Causeway Bay, Hong Kong, HKG

Website

https://www.gac.com.cn

Guangzhou Automobile Group Co Ltd is a state-controlled producer of passenger vehicles, motorcycles, and auto parts. The company's activities are broadly classified into two segments; The vehicles and related operations segment include the production and sale of a variety of passenger vehicles, commercial vehicles, automotive parts, and related operations, and the Others segment includes mainly the production and sale of motorcycles, automobile finance, and insurance, other financing services, and investing businesses. The firm's operations are spread across Mainland China and Hong Kong. Its vehicles segment generates a majority of the revenues for the company. Geographically, it derives a majority of its revenue from Mainland China.

Guangzhou Automobile Group Co (SHSE:601238) Headlines

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