Anhui Province Natural Gas Development Co (SHSE:603689) Days Inventory : 2.87 (As of Mar. 2024)

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What is Anhui Province Natural Gas Development Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Anhui Province Natural Gas Development Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥43 Mil. Anhui Province Natural Gas Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,369 Mil. Hence, Anhui Province Natural Gas Development Co's Days Inventory for the three months ended in Mar. 2024 was 2.87.

The historical rank and industry rank for Anhui Province Natural Gas Development Co's Days Inventory or its related term are showing as below:

SHSE:603689' s Days Inventory Range Over the Past 10 Years
Min: 2.45 Med: 2.87 Max: 3.35
Current: 2.82

During the past 13 years, Anhui Province Natural Gas Development Co's highest Days Inventory was 3.35. The lowest was 2.45. And the median was 2.87.

SHSE:603689's Days Inventory is ranked better than
93.7% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs SHSE:603689: 2.82

Anhui Province Natural Gas Development Co's Days Inventory increased from Mar. 2023 (2.28) to Mar. 2024 (2.87). It might indicate that Anhui Province Natural Gas Development Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Anhui Province Natural Gas Development Co's Inventory Turnover for the three months ended in Mar. 2024 was 31.83.

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. Anhui Province Natural Gas Development Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.03.

Anhui Province Natural Gas Development Co Days Inventory Historical Data

The historical data trend for Anhui Province Natural Gas Development 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.

Anhui Province Natural Gas Development Co Days Inventory Chart

Anhui Province Natural Gas Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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2.88

2.94

2.85

2.45

2.66

Anhui Province Natural Gas Development Co 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															2.28	3.04	3.33	2.97	2.87

Competitive Comparison of Anhui Province Natural Gas Development Co's Days Inventory

For the Oil & Gas Midstream subindustry, Anhui Province Natural Gas Development 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.

Anhui Province Natural Gas Development Co's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Anhui Province Natural Gas Development Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Anhui Province Natural Gas Development Co's Days Inventory falls into.

Anhui Province Natural Gas Development Co Days Inventory Calculation

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

Anhui Province Natural Gas Development 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
=	( (37.992	+	40.973)	/	2 )	/	5421.858	*	365
=	39.4825					/	5421.858	*	365
=	2.66

Anhui Province Natural Gas Development Co'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
=	( (40.973	+	45.03)	/	2 )	/	1368.634	*	365 / 4
=	43.0015					/	1368.634	*	365 / 4
=	2.87

Anhui Province Natural Gas Development Co (SHSE:603689) 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.

Anhui Province Natural Gas Development Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1368.634	/	43.0015
	=	31.83

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.

Anhui Province Natural Gas Development Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	43.0015	/	1568.036
	=	0.03

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.

Anhui Province Natural Gas Development Co Days Inventory Related Terms

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

Anhui Province Natural Gas Development Co (SHSE:603689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Anhui Province Natural Gas Development Co Ltd (SHSE:603689) » Definitions » Days Inventory

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Traded in Other Exchanges

N/A

Address

No. 9 Dalian Road, Baohe Industrial Zone, Anhui Province, Hefei, CHN, 230051

Website

http://www.ahtrq.com

Anhui Province Natural Gas Development Co Ltd is a natural gas pipeline operator. It invests, constructs, operates and manages natural gas pipelines in Anhui Province. The company also participates in the development and construction of natural gas pipeline network in urban areas; manages natural gas resources on behalf of Anhui Province; sells natural gas; and market and competitive investment in other natural gas, CBM and other energy applications and related projects. The other business activities of the company are to invest in the development of natural gas and coal seams in the province Gas resources projects; other energy development projects; and to engage in other auxiliary businesses.

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