Tian Lun Gas Holdings (HKSE:01600) Days Inventory : 11.44 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Tian Lun Gas Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tian Lun Gas Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$201 Mil. Tian Lun Gas Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,203 Mil. Hence, Tian Lun Gas Holdings's Days Inventory for the six months ended in Dec. 2023 was 11.44.

The historical rank and industry rank for Tian Lun Gas Holdings's Days Inventory or its related term are showing as below:

HKSE:01600' s Days Inventory Range Over the Past 10 Years
Min: 6.72 Med: 10.92 Max: 35.53
Current: 9.68

During the past 13 years, Tian Lun Gas Holdings's highest Days Inventory was 35.53. The lowest was 6.72. And the median was 10.92.

HKSE:01600's Days Inventory is ranked better than
72.73% of 462 companies
in the Utilities - Regulated industry
Industry Median: 23.27 vs HKSE:01600: 9.68

Tian Lun Gas Holdings's Days Inventory increased from Dec. 2022 (9.66) to Dec. 2023 (11.44). It might indicate that Tian Lun Gas Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tian Lun Gas Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 15.95.

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. Tian Lun Gas Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.05.

Tian Lun Gas Holdings Days Inventory Historical Data

The historical data trend for Tian Lun Gas Holdings'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.

Tian Lun Gas Holdings Days Inventory Chart

Tian Lun Gas Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

15.41

12.09

8.29

8.87

9.10

Tian Lun Gas Holdings 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															9.08	9.95	9.66	8.68	11.44

Competitive Comparison of Tian Lun Gas Holdings's Days Inventory

For the Utilities - Regulated Gas subindustry, Tian Lun Gas Holdings'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.

Tian Lun Gas Holdings's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Tian Lun Gas Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tian Lun Gas Holdings's Days Inventory falls into.

Tian Lun Gas Holdings Days Inventory Calculation

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

Tian Lun Gas Holdings'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
=	( (144.347	+	197.798)	/	2 )	/	6860.839	*	365
=	171.0725					/	6860.839	*	365
=	9.10

Tian Lun Gas Holdings'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
=	( (203.676	+	197.798)	/	2 )	/	3202.646	*	365 / 2
=	200.737					/	3202.646	*	365 / 2
=	11.44

Tian Lun Gas Holdings (HKSE:01600) 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.

Tian Lun Gas Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3202.646	/	200.737
	=	15.95

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.

Tian Lun Gas Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	200.737	/	4111.293
	=	0.05

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.

Tian Lun Gas Holdings Days Inventory Related Terms

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

Tian Lun Gas Holdings (HKSE:01600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tian Lun Gas Holdings Ltd (HKSE:01600) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TLJ:Germany

Address

No. 6 Huang He East Road, 4th Floor, Tian Lun Group Building, Zheng Dong Xin District, Henan Province, Zhengzhou City, CHN, 450003

Website

https://www.tianlungas.com

Tian Lun Gas Holdings Ltd is a Chinese investment holding company whose subsidiaries are engaged in the investment, operation and management of gas pipeline connections, transportation, distribution and sales of gas, construction and operation of gas filling stations, and production and sales of LNG in the People's Republic of China. The segments of the company are sale of natural gas in cylinders, sale of natural gas in bulk and engineering construction services. The company derives majority of its revenue from the sale of natural gas.

Tian Lun Gas Holdings (HKSE:01600) Headlines

No Headlines