TL Natural Gas Holdings (HKSE:08536) Days Inventory : 0.49 (As of Dec. 2023)

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What is TL Natural Gas Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). TL Natural Gas Holdings's Average Total Inventories for the three months ended in Dec. 2023 was HK$0.14 Mil. TL Natural Gas Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$26.53 Mil. Hence, TL Natural Gas Holdings's Days Inventory for the three months ended in Dec. 2023 was 0.49.

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

HKSE:08536' s Days Inventory Range Over the Past 10 Years
Min: 0.13 Med: 0.26 Max: 0.92
Current: 0.7

During the past 9 years, TL Natural Gas Holdings's highest Days Inventory was 0.92. The lowest was 0.13. And the median was 0.26.

HKSE:08536's Days Inventory is ranked better than
99.44% of 1070 companies
in the Retail - Cyclical industry
Industry Median: 110.775 vs HKSE:08536: 0.70

TL Natural Gas Holdings's Days Inventory declined from Dec. 2022 (1.32) to Dec. 2023 (0.49).

Inventory Turnover measures how fast the company turns over its inventory within a year. TL Natural Gas Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 186.80.

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. TL Natural Gas Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

TL Natural Gas Holdings Days Inventory Historical Data

The historical data trend for TL Natural Gas Holdings'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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TL Natural Gas Holdings Days Inventory Chart

TL Natural Gas Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.28

0.34

0.24

0.83

0.92

TL Natural Gas Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															1.32	1.53	0.34	0.27	0.49

Competitive Comparison of TL Natural Gas Holdings's Days Inventory

For the Specialty Retail subindustry, TL Natural Gas Holdings'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.

TL Natural Gas Holdings's Days Inventory Distribution in the Retail - Cyclical Industry

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

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

TL Natural Gas Holdings Days Inventory Calculation

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

TL Natural Gas Holdings'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
=	( (0.246	+	0.142)	/	2 )	/	77.073	*	365
=	0.194					/	77.073	*	365
=	0.92

TL Natural Gas Holdings'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0.142)	/	1 )	/	26.525	*	365 / 4
=	0.142					/	26.525	*	365 / 4
=	0.49

TL Natural Gas Holdings (HKSE:08536) 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.

TL Natural Gas Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	26.525	/	0.142
	=	186.80

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.

TL Natural Gas Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.142	/	28.51
	=	0.00

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.

TL Natural Gas Holdings Days Inventory Related Terms

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

TL Natural Gas Holdings (HKSE:08536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » TL Natural Gas Holdings Ltd (HKSE:08536) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dong Fang Road, Jingzhou Primary Station, Economic Development Zone, Hubei Province, Jingzhou, CHN

Website

http://www.tl-cng.com

TL Natural Gas Holdings Ltd is engaged in the sale of compressed natural gas and automated car wash service. The company operates in four different segments the sale of natural gas; the automated car wash service; the provision of digital marketing service and the provision of fast food catering service. The company derives revenue from the sale of compressed natural gas. The revenue comes from the distribution of CNG to retail customers mainly vehicle end users and wholesale customers town gas companies, gas station operators, and industrial users.

Executives

Hongsheng Enterprise Limited	2101 Beneficial owner
Liu Yongcheng	2103 Interests held jointly with another person
Liu Yongqiang	2201 Interest of corporation controlled by you
Yongsheng Enterprise Limited	2103 Interests held jointly with another person
Yu Ting Hin	2101 Beneficial owner
Lee Kwok Wah	2101 Beneficial owner
Stable Development Company Limited	2101 Beneficial owner
Yu Kin Wai Perway	2201 Interest of corporation controlled by you
Fai Wai Lap Felip	2101 Beneficial owner

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