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Binhai Investment Co (HKSE:02886) Days Inventory : 7.18 (As of Dec. 2023)


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What is Binhai Investment Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Binhai Investment Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$115 Mil. Binhai Investment Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,923 Mil. Hence, Binhai Investment Co's Days Inventory for the six months ended in Dec. 2023 was 7.18.

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

HKSE:02886' s Days Inventory Range Over the Past 10 Years
Min: 7.93   Med: 10.97   Max: 15.75
Current: 7.93

During the past 13 years, Binhai Investment Co's highest Days Inventory was 15.75. The lowest was 7.93. And the median was 10.97.

HKSE:02886's Days Inventory is ranked better than
76.41% of 462 companies
in the Utilities - Regulated industry
Industry Median: 23.27 vs HKSE:02886: 7.93

Binhai Investment Co's Days Inventory declined from Dec. 2022 (9.07) to Dec. 2023 (7.18).

Inventory Turnover measures how fast the company turns over its inventory within a year. Binhai Investment Co's Inventory Turnover for the six months ended in Dec. 2023 was 25.41.

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. Binhai Investment Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.03.


Binhai Investment Co Days Inventory Historical Data

The historical data trend for Binhai Investment 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.

Binhai Investment Co Days Inventory Chart

Binhai Investment Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.48 15.75 13.31 9.61 7.96

Binhai Investment 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.81 9.78 9.07 8.71 7.18

Competitive Comparison of Binhai Investment Co's Days Inventory

For the Utilities - Regulated Gas subindustry, Binhai Investment 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.


Binhai Investment Co's Days Inventory Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Binhai Investment Co's Days Inventory falls into.



Binhai Investment Co Days Inventory Calculation

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

Binhai Investment 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
=( (138.853 + 107.863) / 2 ) / 5657.702*365
=123.358 / 5657.702*365
=7.96

Binhai Investment 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
=( (122.196 + 107.863) / 2 ) / 2922.814*365 / 2
=115.0295 / 2922.814*365 / 2
=7.18

* 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.


Binhai Investment Co  (HKSE:02886) 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.

Binhai Investment Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

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.

Binhai Investment Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

* 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.


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.


Binhai Investment Co Days Inventory Related Terms

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


Binhai Investment Co (HKSE:02886) Business Description

Traded in Other Exchanges
Address
1 Matheson Street, Causeway Bay, Suites 3205-07, 32nd Floor, Tower Two, Times Square, Hong Kong, HKG
Binhai Investment Co Ltd is an investment holding company engaged in the sales of piped natural gas, construction, and gas pipeline installation service, gas passing through service, and sales of bottled natural gas. It derives a majority of its revenue from construction, and gas pipeline installation services in which the group constructs gas pipelines for its clients and connects such pipelines to the group's main gas pipeline networks and charges construction and gas pipeline installation service fees from industrial and commercial customers, property developers and property management companies.

Binhai Investment Co (HKSE:02886) Headlines

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