Central New Energy Holding Group (HKSE:01735) Days Inventory : 15.32 (As of Dec. 2023)

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What is Central New Energy Holding Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Central New Energy Holding Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$190 Mil. Central New Energy Holding Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,262 Mil. Hence, Central New Energy Holding Group's Days Inventory for the six months ended in Dec. 2023 was 15.32.

The historical rank and industry rank for Central New Energy Holding Group's Days Inventory or its related term are showing as below:

HKSE:01735' s Days Inventory Range Over the Past 10 Years
Min: 15.43 Med: 23.24 Max: 32.59
Current: 15.43

During the past 9 years, Central New Energy Holding Group's highest Days Inventory was 32.59. The lowest was 15.43. And the median was 23.24.

HKSE:01735's Days Inventory is ranked better than
71.28% of 1396 companies
in the Construction industry
Industry Median: 49.04 vs HKSE:01735: 15.43

Central New Energy Holding Group's Days Inventory declined from Dec. 2022 (17.08) to Dec. 2023 (15.32).

Inventory Turnover measures how fast the company turns over its inventory within a year. Central New Energy Holding Group's Inventory Turnover for the six months ended in Dec. 2023 was 11.91.

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. Central New Energy Holding Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.08.

Central New Energy Holding Group Days Inventory Historical Data

The historical data trend for Central New Energy Holding 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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Central New Energy Holding Group Days Inventory Chart

Central New Energy Holding Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Days Inventory

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32.59

23.24

16.81

Central New Energy Holding Group Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial											22.11	29.14	17.08	13.92	15.32

Competitive Comparison of Central New Energy Holding Group's Days Inventory

For the Engineering & Construction subindustry, Central New Energy Holding 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.

Central New Energy Holding Group's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Central New Energy Holding Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Central New Energy Holding Group's Days Inventory falls into.

Central New Energy Holding Group Days Inventory Calculation

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

Central New Energy Holding 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
=	( (109.13	+	245.972)	/	2 )	/	3855.486	*	365
=	177.551					/	3855.486	*	365
=	16.81

Central New Energy Holding Group'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
=	( (133.896	+	245.972)	/	2 )	/	2261.985	*	365 / 2
=	189.934					/	2261.985	*	365 / 2
=	15.32

Central New Energy Holding Group (HKSE:01735) 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.

Central New Energy Holding Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2261.985	/	189.934
	=	11.91

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.

Central New Energy Holding Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	189.934	/	2368.228
	=	0.08

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.

Central New Energy Holding Group Days Inventory Related Terms

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Central New Energy Holding Group (HKSE:01735) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Central New Energy Holding Group Ltd (HKSE:01735) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

191 Java Road, 21th Floor, Unit 2102–03, 10–12, Central K.Wah Centre, North Point, Hong Kong, HKG

Website

http://www.chghk.com

Central New Energy Holding Group Ltd, formerly Central Holding Group Co Ltd is an investment holding company. The company's operating segment includes Building works and construction-related business, superstructure building works, and construction materials supplies; which provide piling works, excavation and lateral support works, and pile cap construction and building works in relation to the parts of the structure above the ground level and supplying of construction materials; Property development and investment; Property management; F&B supply chain; Health and wellness; New energy and EPC; and Smart logistic and information system. The company's geographical segments include Hong Kong and China, of which China accounts for the majority of its revenue.

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