Canvest Environmental Protection Group Co (HKSE:01381) Days Inventory : 5.66 (As of Dec. 2023)

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What is Canvest Environmental Protection Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Canvest Environmental Protection Group Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$33 Mil. Canvest Environmental Protection Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,053 Mil. Hence, Canvest Environmental Protection Group Co's Days Inventory for the six months ended in Dec. 2023 was 5.66.

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

HKSE:01381' s Days Inventory Range Over the Past 10 Years
Min: 0.21 Med: 0.84 Max: 4.02
Current: 4.02

During the past 13 years, Canvest Environmental Protection Group Co's highest Days Inventory was 4.02. The lowest was 0.21. And the median was 0.84.

HKSE:01381's Days Inventory is ranked better than
87.2% of 211 companies
in the Waste Management industry
Industry Median: 23.5 vs HKSE:01381: 4.02

Canvest Environmental Protection Group Co's Days Inventory increased from Dec. 2022 (1.89) to Dec. 2023 (5.66). It might indicate that Canvest Environmental Protection Group Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Canvest Environmental Protection Group Co's Inventory Turnover for the six months ended in Dec. 2023 was 32.25.

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. Canvest Environmental Protection Group Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.

Canvest Environmental Protection Group Co Days Inventory Historical Data

The historical data trend for Canvest Environmental Protection 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.

* Premium members only.

Canvest Environmental Protection Group Co Days Inventory Chart

Canvest Environmental Protection Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

0.84

1.16

1.47

1.69

3.91

Canvest Environmental Protection 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															1.32	1.62	1.89	3.17	5.66

Competitive Comparison of Canvest Environmental Protection Group Co's Days Inventory

For the Waste Management subindustry, Canvest Environmental Protection 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.

Canvest Environmental Protection Group Co's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Canvest Environmental Protection Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Canvest Environmental Protection Group Co's Days Inventory falls into.

Canvest Environmental Protection Group Co Days Inventory Calculation

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

Canvest Environmental Protection 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
=	( (30.569	+	31.625)	/	2 )	/	2900.661	*	365
=	31.097					/	2900.661	*	365
=	3.91

Canvest Environmental Protection 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
=	( (33.673	+	31.625)	/	2 )	/	1052.843	*	365 / 2
=	32.649					/	1052.843	*	365 / 2
=	5.66

Canvest Environmental Protection Group Co (HKSE:01381) 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.

Canvest Environmental Protection 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
	=	1052.843	/	32.649
	=	32.25

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.

Canvest Environmental Protection Group Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	32.649	/	1999.139
	=	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.

Canvest Environmental Protection Group Co Days Inventory Related Terms

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

Canvest Environmental Protection Group Co (HKSE:01381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Canvest Environmental Protection Group Co Ltd (HKSE:01381) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

0XC:Germany

Address

2 San Yuan Road, Level 24, Canvest Tower, Nan Cheng District, Guangdong, Dongguan, CHN

Website

http://www.canvestenvironment.com

Canvest Environmental Protection Group Co Ltd develops and operates waste-to-energy plants. Incineration systems and technologies help treat waste and process components into energy. The company sells energy to clients, and continues to monitor applications and work toward reducing emissions of carbon dioxide. Revenues can be broken down into four business areas: Power sales, Waste treatment fees, Construction, and Finance income. It treats various types of waste, including sludge, ash from incineration systems, industrial sold waste, and wastewater. The majority of the company's revenue and assets are generated and located in China.

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