China Boqi Environmental (Holding) Co (HKSE:02377) Days Inventory : 6.89 (As of Dec. 2023)

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What is China Boqi Environmental (Holding) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Boqi Environmental (Holding) Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$37 Mil. China Boqi Environmental (Holding) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$988 Mil. Hence, China Boqi Environmental (Holding) Co's Days Inventory for the six months ended in Dec. 2023 was 6.89.

The historical rank and industry rank for China Boqi Environmental (Holding) Co's Days Inventory or its related term are showing as below:

HKSE:02377' s Days Inventory Range Over the Past 10 Years
Min: 6.03 Med: 8.13 Max: 18.64
Current: 7.29

During the past 10 years, China Boqi Environmental (Holding) Co's highest Days Inventory was 18.64. The lowest was 6.03. And the median was 8.13.

HKSE:02377's Days Inventory is ranked better than
98.8% of 2908 companies
in the Industrial Products industry
Industry Median: 120.82 vs HKSE:02377: 7.29

China Boqi Environmental (Holding) Co's Days Inventory declined from Dec. 2022 (7.08) to Dec. 2023 (6.89).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Boqi Environmental (Holding) Co's Inventory Turnover for the six months ended in Dec. 2023 was 26.51.

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 Boqi Environmental (Holding) Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.03.

China Boqi Environmental (Holding) Co Days Inventory Historical Data

The historical data trend for China Boqi Environmental (Holding) 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.

China Boqi Environmental (Holding) Co Days Inventory Chart

China Boqi Environmental (Holding) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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8.06

7.66

6.03

7.92

7.18

China Boqi Environmental (Holding) Co Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial												5.67	10.76	7.08	7.87	6.89

Competitive Comparison of China Boqi Environmental (Holding) Co's Days Inventory

For the Pollution & Treatment Controls subindustry, China Boqi Environmental (Holding) 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.

China Boqi Environmental (Holding) Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Boqi Environmental (Holding) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Boqi Environmental (Holding) Co's Days Inventory falls into.

China Boqi Environmental (Holding) Co Days Inventory Calculation

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

China Boqi Environmental (Holding) 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
=	( (36.996	+	36.24)	/	2 )	/	1861.72	*	365
=	36.618					/	1861.72	*	365
=	7.18

China Boqi Environmental (Holding) Co'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
=	( (38.33	+	36.24)	/	2 )	/	988.249	*	365 / 2
=	37.285					/	988.249	*	365 / 2
=	6.89

China Boqi Environmental (Holding) Co (HKSE:02377) 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 Boqi Environmental (Holding) Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	988.249	/	37.285
	=	26.51

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 Boqi Environmental (Holding) Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	37.285	/	1244.188
	=	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.

China Boqi Environmental (Holding) Co Days Inventory Related Terms

Thank you for viewing the detailed overview of China Boqi Environmental (Holding) Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

China Boqi Environmental (Holding) Co (HKSE:02377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Boqi Environmental (Holding) Co Ltd (HKSE:02377) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. Jia 8, Xinglongzhuang, Floor 2, Guoben Culture Building, Chaoyang District, Beijing, CHN, 100123

Website

http://www.chinaboqi.com

China Boqi Environmental (Holding) Co Ltd is an investment holding company. It operates in four segments: Environmental protection facilities, mainly including EPC, which consists of project design, procurement of equipment and materials, project construction and equipment installment, and testing services; Operation & maintenance segment comprises of operation service and regular maintenance service for desulfurization and denitrification facilities and dust removal facilities; Concession operations segment includes the construction of infrastructure or acquisition of existing infrastructure from the grantor and operation and maintenance of flue gas treatment project; and Others segment consists of the sale of by-products and others. The group primarily operates in the PRC.

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