Tianjin Capital Environmental Protection Group Co (SHSE:600874) Days Inventory : 5.92 (As of Mar. 2024)

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What is Tianjin Capital Environmental Protection Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tianjin Capital Environmental Protection Group Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥42 Mil. Tianjin Capital Environmental Protection Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥646 Mil. Hence, Tianjin Capital Environmental Protection Group Co's Days Inventory for the three months ended in Mar. 2024 was 5.92.

The historical rank and industry rank for Tianjin Capital Environmental Protection Group Co's Days Inventory or its related term are showing as below:

SHSE:600874' s Days Inventory Range Over the Past 10 Years
Min: 2.25 Med: 3.77 Max: 12.18
Current: 4.39

During the past 13 years, Tianjin Capital Environmental Protection Group Co's highest Days Inventory was 12.18. The lowest was 2.25. And the median was 3.77.

SHSE:600874's Days Inventory is ranked better than
85.78% of 211 companies
in the Waste Management industry
Industry Median: 23.54 vs SHSE:600874: 4.39

Tianjin Capital Environmental Protection Group Co's Days Inventory increased from Mar. 2023 (4.64) to Mar. 2024 (5.92). It might indicate that Tianjin Capital Environmental Protection Group Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tianjin Capital Environmental Protection Group Co's Inventory Turnover for the three months ended in Mar. 2024 was 15.42.

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. Tianjin Capital Environmental Protection Group Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.04.

Tianjin Capital Environmental Protection Group Co Days Inventory Historical Data

The historical data trend for Tianjin Capital Environmental Protection Group 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.

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Tianjin Capital Environmental Protection Group Co Days Inventory Chart

Tianjin Capital Environmental Protection Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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2.71

2.69

2.25

3.24

4.29

Tianjin Capital Environmental Protection Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															4.64	3.75	3.53	4.02	5.92

Competitive Comparison of Tianjin Capital Environmental Protection Group Co's Days Inventory

For the Waste Management subindustry, Tianjin Capital Environmental Protection Group 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.

Tianjin Capital Environmental Protection Group Co's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Tianjin Capital Environmental Protection Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tianjin Capital Environmental Protection Group Co's Days Inventory falls into.

Tianjin Capital Environmental Protection Group Co Days Inventory Calculation

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

Tianjin Capital Environmental Protection Group 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
=	( (31.144	+	35.685)	/	2 )	/	2844.517	*	365
=	33.4145					/	2844.517	*	365
=	4.29

Tianjin Capital Environmental Protection Group Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (35.685	+	48.124)	/	2 )	/	646.288	*	365 / 4
=	41.9045					/	646.288	*	365 / 4
=	5.92

Tianjin Capital Environmental Protection Group Co (SHSE:600874) 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.

Tianjin Capital Environmental Protection Group Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	646.288	/	41.9045
	=	15.42

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.

Tianjin Capital Environmental Protection Group Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	41.9045	/	1080.278
	=	0.04

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.

Tianjin Capital Environmental Protection Group Co Days Inventory Related Terms

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

Tianjin Capital Environmental Protection Group Co (SHSE:600874) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Tianjin Capital Environmental Protection Group Co Ltd (SHSE:600874) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

01065:Hong Kong TIA:Germany

Address

No. 76, Weijin South Road, 12th Floor, TCEP Building, Nankai District, Tianjin, CHN, 300381

Website

https://www.tjcep.com

Tianjin Capital Environmental Protection Group Co Ltd is a Chinese company mainly engaged in water utility business, new energy cooling and heating supply business. It provides sewage water treatment, construction and management of the related facility, the supply of tap water, recycled water. The company also provides a heating and cooling supply service which includes design, construction, operations, and transfer of centralized heating and cooling infrastructures, and provision of heating and cooling services. The company manages is business mainly in five segments; Sewage processing and facility, recycled water and pipeline connection, heating and cooling services, tap water operations and sale of environmental protection equipment. The company earns majority of its revenue from China.

Tianjin Capital Environmental Protection Group Co (SHSE:600874) Headlines

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