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Sino Gas Holdings Group (HKSE:01759) Days Inventory : 0.78 (As of Dec. 2023)


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What is Sino Gas Holdings Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sino Gas Holdings Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$3 Mil. Sino Gas Holdings Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$724 Mil. Hence, Sino Gas Holdings Group's Days Inventory for the six months ended in Dec. 2023 was 0.78.

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

HKSE:01759' s Days Inventory Range Over the Past 10 Years
Min: 0.52   Med: 0.99   Max: 2
Current: 0.72

During the past 9 years, Sino Gas Holdings Group's highest Days Inventory was 2.00. The lowest was 0.52. And the median was 0.99.

HKSE:01759's Days Inventory is ranked better than
99.35% of 1069 companies
in the Retail - Cyclical industry
Industry Median: 110.79 vs HKSE:01759: 0.72

Sino Gas Holdings Group's Days Inventory increased from Dec. 2022 (0.53) to Dec. 2023 (0.78). It might indicate that Sino Gas Holdings Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sino Gas Holdings Group's Inventory Turnover for the six months ended in Dec. 2023 was 232.85.

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. Sino Gas Holdings Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.


Sino Gas Holdings Group Days Inventory Historical Data

The historical data trend for Sino Gas Holdings 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.

* Premium members only.

Sino Gas Holdings Group Days Inventory Chart

Sino Gas Holdings Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only 0.99 0.81 0.61 0.52 0.65

Sino Gas Holdings Group Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.61 0.46 0.53 0.73 0.78

Competitive Comparison of Sino Gas Holdings Group's Days Inventory

For the Specialty Retail subindustry, Sino Gas Holdings 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.


Sino Gas Holdings Group's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sino Gas Holdings Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sino Gas Holdings Group's Days Inventory falls into.



Sino Gas Holdings Group Days Inventory Calculation

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

Sino Gas Holdings 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
=( (2.342 + 2.819) / 2 ) / 1445.411*365
=2.5805 / 1445.411*365
=0.65

Sino Gas Holdings 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
=( (3.399 + 2.819) / 2 ) / 723.938*365 / 2
=3.109 / 723.938*365 / 2
=0.78

* 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.


Sino Gas Holdings Group  (HKSE:01759) 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.

Sino Gas Holdings Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

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.

Sino Gas Holdings Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

* 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.


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.


Sino Gas Holdings Group Days Inventory Related Terms

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


Sino Gas Holdings Group (HKSE:01759) Business Description

Traded in Other Exchanges
N/A
Address
13 Haian Road, Room 3103, Block A1, Caifu Shi Ji Plaza, Tianhe District, Guangzhou, CHN
Sino Gas Holdings Group Ltd is an integrated LPG and natural gas supplier in China. The company's segments include Retail and Wholesale. The Retail segment generates revenue from the sale of LPG, CNG, and LNG to vehicular end users by operating gas refueling stations, industrial customers, and bottled LPG end-users whereas, the Wholesale segment generates revenue from the sale of LPG, CNG, and LNG to gas merchants. The firm generates a majority of its revenue from the Wholesale segment in the People's Republic of China.
Executives
China Full Limited 2101 Beneficial owner
Petrochemical Gas Group Limited 2201 Interest of corporation controlled by you
Sino Gas Holdings Group Limited 2201 Interest of corporation controlled by you
Ubs Trustees (b.v.i.) Limited 2301 Trustee
Petrochemical Gas Energy Group Limited 2101 Beneficial owner
Petrochemical Gas Energy Limited 2101 Beneficial owner
Ji Guang 2501 Other
Yang Ling 2202 Interest of your spouse

Sino Gas Holdings Group (HKSE:01759) Headlines

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