Guangzhou Development Group (SHSE:600098) Days Inventory : 18.53 (As of Mar. 2024)

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What is Guangzhou Development Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Guangzhou Development Group's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,939 Mil. Guangzhou Development Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥9,548 Mil. Hence, Guangzhou Development Group's Days Inventory for the three months ended in Mar. 2024 was 18.53.

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

SHSE:600098' s Days Inventory Range Over the Past 10 Years
Min: 13.08 Med: 25.73 Max: 29.63
Current: 16.88

During the past 13 years, Guangzhou Development Group's highest Days Inventory was 29.63. The lowest was 13.08. And the median was 25.73.

SHSE:600098's Days Inventory is ranked better than
79.13% of 115 companies
in the Other Energy Sources industry
Industry Median: 32.53 vs SHSE:600098: 16.88

Guangzhou Development Group's Days Inventory increased from Mar. 2023 (17.13) to Mar. 2024 (18.53). It might indicate that Guangzhou Development Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Guangzhou Development Group's Inventory Turnover for the three months ended in Mar. 2024 was 4.92.

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. Guangzhou Development Group's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.18.

Guangzhou Development Group Days Inventory Historical Data

The historical data trend for Guangzhou Development Group'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.

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Guangzhou Development Group Days Inventory Chart

Guangzhou Development Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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26.05

29.63

20.75

13.08

13.94

Guangzhou Development Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															17.13	16.62	18.41	13.96	18.53

Competitive Comparison of Guangzhou Development Group's Days Inventory

For the Thermal Coal subindustry, Guangzhou Development Group'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.

Guangzhou Development Group's Days Inventory Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Guangzhou Development Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Guangzhou Development Group's Days Inventory falls into.

Guangzhou Development Group Days Inventory Calculation

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

Guangzhou Development Group'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
=	( (1499.352	+	1687.196)	/	2 )	/	41716.717	*	365
=	1593.274					/	41716.717	*	365
=	13.94

Guangzhou Development Group's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1687.196	+	2191.329)	/	2 )	/	9547.554	*	365 / 4
=	1939.2625					/	9547.554	*	365 / 4
=	18.53

Guangzhou Development Group (SHSE:600098) 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.

Guangzhou Development Group's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9547.554	/	1939.2625
	=	4.92

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.

Guangzhou Development Group's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1939.2625	/	10694.409
	=	0.18

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.

Guangzhou Development Group Days Inventory Related Terms

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

Guangzhou Development Group (SHSE:600098) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Guangzhou Development Group Inc (SHSE:600098) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

28/F, Development Center, No. 3 Linjiang Avenue, Zhujiang Xincheng, Guangzhou, CHN

Website

http://www.gdg.com.cn

Guangzhou Development Group Incorporated is a China-based company operating in the integrated energy business. It is engaged in the investment, construction, development, and operation of electric power, coal, oil products, natural gas and new energy. The company is also involved in the energy logistics business.

Executives

Wu Xu	Director
Feng Kai Yun	Director
Li Shuang Yin	Supervisors
Yang Dan De	Director

Guangzhou Development Group (SHSE:600098) Headlines

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