China Gas Holdings (HKSE:00384) Total Inventories : HK$5,215 Mil (As of Sep. 2023)

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What is China Gas Holdings Total Inventories?

China Gas Holdings's total inventories for the quarter that ended in Sep. 2023 was HK$5,215 Mil. China Gas Holdings's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was HK$5,435 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Gas Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-14.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Gas Holdings's Days Inventory for the six months ended in Sep. 2023 was 32.71.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Gas Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 5.58.

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 Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.15.

China Gas Holdings Total Inventories Historical Data

The historical data trend for China Gas Holdings's Total Inventories 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.

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China Gas Holdings Total Inventories Chart

China Gas Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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3,411.92

3,246.23

5,302.27

5,701.22

5,655.45

China Gas Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial															5,474.84	5,701.22	5,479.18	5,655.45	5,214.91

China Gas Holdings Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

China Gas Holdings (HKSE:00384) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

China Gas Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(11009.954	+	0.75 * 5527.963	+	0.5 * 5214.914	-	88037.404
-	0	-	6646.339)	/	5435.57
=	-14.15

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

China Gas Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	5435.1795	/	30325.581	*	365 / 2
	=	32.71

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

China Gas Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	30325.581	/	5435.1795
	=	5.58

4. 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 Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	5435.1795	/	36049.154
	=	0.15

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

China Gas Holdings Total Inventories Related Terms

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China Gas Holdings (HKSE:00384) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Gas Holdings Ltd (HKSE:00384) » Definitions » Total Inventories

Comparable Companies

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CGHOF:USA CGHLY:USA EBZ:Germany

Address

151 Gloucester Road, Room 1601, 16th Floor, Capital Centre, Wan Chai, Hong Kong, HKG

Website

http://www.chinagasholdings.com.hk

China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2023 (ended March 31, 2023), the group had secured a total of 661 piped gas concessions, 533 compressed natural gas/liquefied natural gas refilling stations for vehicles, and 106 LPG distribution projects in China. In total, CGH has connected 45.4 million residential households and achieved a penetration rate of 68.6%.

Executives

Liu Ming Hui	2101 Beneficial owner
Beijing Enterprises Group Company Limited
Beijing Enterprises Holdings Limited
Chiu Tat Jung Daniel	2201 Interest of corporation controlled by you
First Level Holdings Limited	2201 Interest of corporation controlled by you
Fortune Dynasty Holdings Limited	2201 Interest of corporation controlled by you
Fortune Oil Limited	2201 Interest of corporation controlled by you
Fortune Oil Prc Holdings Limited	2101 Beneficial owner
Joint Coast Alliance Market Development Limited	2201 Interest of corporation controlled by you
China Gas Group Limited	2101 Beneficial owner

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