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JiaXing Gas Group Co (HKSE:09908) Days Inventory : 12.13 (As of Dec. 2023)


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What is JiaXing Gas Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). JiaXing Gas Group Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$114 Mil. JiaXing Gas Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,723 Mil. Hence, JiaXing Gas Group Co's Days Inventory for the six months ended in Dec. 2023 was 12.13.

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

HKSE:09908' s Days Inventory Range Over the Past 10 Years
Min: 2.15   Med: 2.78   Max: 12.07
Current: 12.07

During the past 7 years, JiaXing Gas Group Co's highest Days Inventory was 12.07. The lowest was 2.15. And the median was 2.78.

HKSE:09908's Days Inventory is ranked better than
67.6% of 463 companies
in the Utilities - Regulated industry
Industry Median: 23.36 vs HKSE:09908: 12.07

JiaXing Gas Group Co's Days Inventory increased from Dec. 2022 (3.50) to Dec. 2023 (12.13). It might indicate that JiaXing Gas Group Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. JiaXing Gas Group Co's Inventory Turnover for the six months ended in Dec. 2023 was 15.05.

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. JiaXing Gas Group Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.06.

JiaXing Gas Group Co Days Inventory Historical Data

The historical data trend for JiaXing Gas 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.

JiaXing Gas Group Co Days Inventory Chart

JiaXing Gas Group Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 2.61 2.78 7.14 6.79 5.09

JiaXing Gas Group Co Semi-Annual Data
Dec17 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 6.49 6.48 3.50 20.39 12.13

Competitive Comparison of JiaXing Gas Group Co's Days Inventory

For the Utilities - Regulated Gas subindustry, JiaXing Gas 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.

JiaXing Gas Group Co's Days Inventory Distribution in the Utilities - Regulated Industry

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

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


JiaXing Gas Group Co Days Inventory Calculation

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

JiaXing Gas 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
=( (62.974 + 19.148) / 2 ) / 2943.271*365
=41.061 / 2943.271*365
=5.09

JiaXing Gas 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
=( (209.833 + 19.148) / 2 ) / 1722.616*365 / 2
=114.4905 / 1722.616*365 / 2
=12.13

* 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.

JiaXing Gas Group Co  (HKSE:09908) 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.

JiaXing Gas 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
=1722.616 / 114.4905
=15.05

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.

JiaXing Gas Group Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=114.4905 / 1901.401
=0.06

* 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.

JiaXing Gas Group Co Days Inventory Related Terms

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

JiaXing Gas Group Co (HKSE:09908) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JiaXing Gas Group Co Ltd (HKSE:09908) » Definitions » Days Inventory
Comparable Companies
HKSE:06661 HKSE:06828 HKSE:01940 HKSE:01265 HKSE:01407 HKSE:00681 HKSE:02886 HKSE:01600 XMAD:NTGY ASX:APA ATO MIL:SRG HKSE:00003 NI TSE:9531 BOM:532155 HKSE:02688 TSE:9532 BOM:542066 XKLS:6033
Traded in Other Exchanges
N/A
Address
5th Floor, Building 3, Hualong Plaza,No. 32 Qinyi Road, Economic and Technological Development Zone, Zhejiang Province, Jiaxing, CHN
Website
http://www.jxrqgs.com
JiaXing Gas Group Co Ltd is a piped natural gas (PNG) operator in Jiaxing. The company engages in sales of gas, PNG in Jiaxing, LNG and LPG; construction and installation services to construct and install end-user pipeline network and gas facilities; and provision of natural gas transportation services, sales of vapour and construction materials, and leasing of properties. Its customers include residential and non-residential users, property developers and owners or occupants of residential and non-residential properties.

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