China HK Power Smart Energy Group (HKSE:00931) Days Inventory : 12.15 (As of Sep. 2023)

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What is China HK Power Smart Energy Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China HK Power Smart Energy Group's Average Total Inventories for the six months ended in Sep. 2023 was HK$8.6 Mil. China HK Power Smart Energy Group's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$129.9 Mil. Hence, China HK Power Smart Energy Group's Days Inventory for the six months ended in Sep. 2023 was 12.15.

The historical rank and industry rank for China HK Power Smart Energy Group's Days Inventory or its related term are showing as below:

HKSE:00931' s Days Inventory Range Over the Past 10 Years
Min: 3.14 Med: 7.38 Max: 68.29
Current: 15.7

During the past 13 years, China HK Power Smart Energy Group's highest Days Inventory was 68.29. The lowest was 3.14. And the median was 7.38.

HKSE:00931's Days Inventory is ranked better than
68.31% of 729 companies
in the Oil & Gas industry
Industry Median: 31.29 vs HKSE:00931: 15.70

China HK Power Smart Energy Group's Days Inventory declined from Sep. 2022 (13.96) to Sep. 2023 (12.15).

Inventory Turnover measures how fast the company turns over its inventory within a year. China HK Power Smart Energy Group's Inventory Turnover for the six months ended in Sep. 2023 was 15.03.

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 HK Power Smart Energy Group's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.07.

China HK Power Smart Energy Group Days Inventory Historical Data

The historical data trend for China HK Power Smart Energy 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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China HK Power Smart Energy Group Days Inventory Chart

China HK Power Smart Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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3.14

4.91

7.38

15.20

China HK Power Smart Energy Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															5.67	12.43	13.96	20.39	12.15

Competitive Comparison of China HK Power Smart Energy Group's Days Inventory

For the Oil & Gas Refining & Marketing subindustry, China HK Power Smart Energy 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.

China HK Power Smart Energy Group's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China HK Power Smart Energy Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where China HK Power Smart Energy Group's Days Inventory falls into.

China HK Power Smart Energy Group Days Inventory Calculation

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

China HK Power Smart Energy Group's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (9.958	+	9.033)	/	2 )	/	227.951	*	365
=	9.4955					/	227.951	*	365
=	15.20

China HK Power Smart Energy Group's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (9.033	+	8.259)	/	2 )	/	129.914	*	365 / 2
=	8.646					/	129.914	*	365 / 2
=	12.15

China HK Power Smart Energy Group (HKSE:00931) 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.

China HK Power Smart Energy Group's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	129.914	/	8.646
	=	15.03

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.

China HK Power Smart Energy Group's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.646	/	128.622
	=	0.07

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.

China HK Power Smart Energy Group Days Inventory Related Terms

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

China HK Power Smart Energy Group (HKSE:00931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China HK Power Smart Energy Group Ltd (HKSE:00931) » Definitions » Days Inventory

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Address

33 Garden Road, St. John's Building, 8th Floor, Central, Hong Kong, HKG

Website

https://www.chinalng.todayir.com/en/index.php

China HK Power Smart Energy Group Ltd Formerly China LNG Group Ltd is engaged in the development of new energy businesses, which include investment, construction & operation of liquefied natural gas infrastructure, and financial leasing services. Its segments include financial services through finance leasing services for LNG vehicles, vessels, and equipment, provision of LNG in the downstream market, provision of commercial vehicle platform services, trading of securities, properties investment, and financial services through the provision of money lending business & LNG business which is Sales & distribution of LNG including wholesale of LNG, point-to-point supply of LNG, LNG pipeline network and provision of LNG logistic services in the PRC. The majority of revenue is from LNG business.

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