China Gas Industry Investment Holdings Co (HKSE:01940) Days Inventory : 2.81 (As of Dec. 2023)

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What is China Gas Industry Investment Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Gas Industry Investment Holdings Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$10 Mil. China Gas Industry Investment Holdings Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$673 Mil. Hence, China Gas Industry Investment Holdings Co's Days Inventory for the six months ended in Dec. 2023 was 2.81.

The historical rank and industry rank for China Gas Industry Investment Holdings Co's Days Inventory or its related term are showing as below:

HKSE:01940' s Days Inventory Range Over the Past 10 Years
Min: 2.83 Med: 3.4 Max: 4.04
Current: 3.24

During the past 7 years, China Gas Industry Investment Holdings Co's highest Days Inventory was 4.04. The lowest was 2.83. And the median was 3.40.

HKSE:01940's Days Inventory is ranked better than
87.39% of 460 companies
in the Utilities - Regulated industry
Industry Median: 23.485 vs HKSE:01940: 3.24

China Gas Industry Investment Holdings Co's Days Inventory declined from Dec. 2022 (3.10) to Dec. 2023 (2.81).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Gas Industry Investment Holdings Co's Inventory Turnover for the six months ended in Dec. 2023 was 64.94.

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. China Gas Industry Investment Holdings Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.01.

China Gas Industry Investment Holdings Co Days Inventory Historical Data

The historical data trend for China Gas Industry Investment Holdings 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.

China Gas Industry Investment Holdings Co Days Inventory Chart

China Gas Industry Investment Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

3.23

4.04

3.74

3.64

3.40

China Gas Industry Investment Holdings Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial							4.30	3.78	3.10	3.54	2.81

Competitive Comparison of China Gas Industry Investment Holdings Co's Days Inventory

For the Utilities - Regulated Gas subindustry, China Gas Industry Investment Holdings 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.

China Gas Industry Investment Holdings Co's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Gas Industry Investment Holdings Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Gas Industry Investment Holdings Co's Days Inventory falls into.

China Gas Industry Investment Holdings Co Days Inventory Calculation

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

China Gas Industry Investment Holdings 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
=	( (12.994	+	10.619)	/	2 )	/	1267.746	*	365
=	11.8065					/	1267.746	*	365
=	3.40

China Gas Industry Investment Holdings 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
=	( (10.099	+	10.619)	/	2 )	/	672.757	*	365 / 2
=	10.359					/	672.757	*	365 / 2
=	2.81

China Gas Industry Investment Holdings Co (HKSE:01940) 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.

China Gas Industry Investment Holdings Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	672.757	/	10.359
	=	64.94

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.

China Gas Industry Investment Holdings Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.359	/	856.512
	=	0.01

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.

China Gas Industry Investment Holdings Co Days Inventory Related Terms

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

China Gas Industry Investment Holdings Co (HKSE:01940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Gas Industry Investment Holdings Co Ltd (HKSE:01940) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Binhe Road, Lubei District, Hebei Province, Tangshan, CHN

Website

https://www.cgiiholdings.com

China Gas Industry Investment Holdings Co Ltd is an industrial gas supplier in the Jing-Jin-Ji Region. It is focused on the supply of pipeline industrial gas and liquefied industrial gas and also operates an LNG-related business which includes the supply of LNG and provision of gas transmission service relatively small scale. The company produces and supplies liquefied industrial gas to offsite independent end-user customers. Its segments include the Supply of industrial gas; Liquefied natural gas (LNG) and gas transmission service.

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