Huzhou Gas Co (HKSE:06661) Days Inventory : 2.87 (As of Dec. 2023)

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What is Huzhou Gas Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Huzhou Gas Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$19 Mil. Huzhou Gas Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,233 Mil. Hence, Huzhou Gas Co's Days Inventory for the six months ended in Dec. 2023 was 2.87.

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

HKSE:06661' s Days Inventory Range Over the Past 10 Years
Min: 3.66 Med: 4.55 Max: 5.87
Current: 3.66

During the past 5 years, Huzhou Gas Co's highest Days Inventory was 5.87. The lowest was 3.66. And the median was 4.55.

HKSE:06661's Days Inventory is not ranked
in the Utilities - Regulated industry.
Industry Median: 23.46 vs HKSE:06661: 3.66

Huzhou Gas Co's Days Inventory declined from Dec. 2022 (4.39) to Dec. 2023 (2.87).

Inventory Turnover measures how fast the company turns over its inventory within a year. Huzhou Gas Co's Inventory Turnover for the six months ended in Dec. 2023 was 63.61.

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. Huzhou Gas Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.01.

Huzhou Gas Co Days Inventory Historical Data

The historical data trend for Huzhou Gas 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.

Huzhou Gas Co Days Inventory Chart

Huzhou Gas Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

4.49

5.87

5.82

4.55

3.86

Huzhou Gas Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			5.94	4.12	4.39	4.32	2.87

Competitive Comparison of Huzhou Gas Co's Days Inventory

For the Utilities - Regulated Gas subindustry, Huzhou Gas 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.

Huzhou Gas Co's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Huzhou Gas Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Huzhou Gas Co's Days Inventory falls into.

Huzhou Gas Co Days Inventory Calculation

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

Huzhou Gas 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
=	( (32.668	+	17.476)	/	2 )	/	2372.01	*	365
=	25.072					/	2372.01	*	365
=	3.86

Huzhou Gas 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
=	( (21.298	+	17.476)	/	2 )	/	1233.136	*	365 / 2
=	19.387					/	1233.136	*	365 / 2
=	2.87

Huzhou Gas Co (HKSE:06661) 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.

Huzhou Gas Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1233.136	/	19.387
	=	63.61

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.

Huzhou Gas Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19.387	/	1396.762
	=	0.01

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.

Huzhou Gas Co Days Inventory Related Terms

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

Huzhou Gas Co (HKSE:06661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Huzhou Gas Co Ltd (HKSE:06661) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

227 Sizhong Road, Zhejiang Province, Huzhou, CHN

Website

https://www.hzrqgf.com

Huzhou Gas Co Ltd is the largest piped natural gas distributor. The principal business of the company comprises of sale of gas, mainly PNG under the Concessions; provision of construction and installation services to construct and install end-user pipeline network and gas facilities for customers such as property developers and owners or occupants of residential and non-residential properties; and others, including sale of household gas appliances.

Huzhou Gas Co (HKSE:06661) Headlines

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