Shenzhen Gas (SHSE:601139) Days Inventory : 27.18 (As of Mar. 2024)

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What is Shenzhen Gas Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shenzhen Gas's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,734 Mil. Shenzhen Gas's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,821 Mil. Hence, Shenzhen Gas's Days Inventory for the three months ended in Mar. 2024 was 27.18.

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

SHSE:601139' s Days Inventory Range Over the Past 10 Years
Min: 13.44 Med: 17.62 Max: 29.42
Current: 23.92

During the past 13 years, Shenzhen Gas's highest Days Inventory was 29.42. The lowest was 13.44. And the median was 17.62.

SHSE:601139's Days Inventory is ranked worse than
50.76% of 463 companies
in the Utilities - Regulated industry
Industry Median: 23.46 vs SHSE:601139: 23.92

Shenzhen Gas's Days Inventory increased from Mar. 2023 (25.70) to Mar. 2024 (27.18). It might indicate that Shenzhen Gas's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shenzhen Gas's Inventory Turnover for the three months ended in Mar. 2024 was 3.36.

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. Shenzhen Gas's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.25.

Shenzhen Gas Days Inventory Historical Data

The historical data trend for Shenzhen Gas'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.

Shenzhen Gas Days Inventory Chart

Shenzhen Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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16.33

13.44

18.60

26.04

29.42

Shenzhen Gas 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															25.70	23.19	23.65	24.75	27.18

Competitive Comparison of Shenzhen Gas's Days Inventory

For the Utilities - Regulated Gas subindustry, Shenzhen Gas'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.

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

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

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

Shenzhen Gas Days Inventory Calculation

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

Shenzhen Gas'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
=	( (2264.846	+	1948.1)	/	2 )	/	26135.511	*	365
=	2106.473					/	26135.511	*	365
=	29.42

Shenzhen Gas'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
=	( (1948.1	+	1519.901)	/	2 )	/	5820.75	*	365 / 4
=	1734.0005					/	5820.75	*	365 / 4
=	27.18

Shenzhen Gas (SHSE:601139) 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.

Shenzhen Gas's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5820.75	/	1734.0005
	=	3.36

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.

Shenzhen Gas's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1734.0005	/	6862.512
	=	0.25

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.

Shenzhen Gas Days Inventory Related Terms

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

Shenzhen Gas (SHSE:601139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shenzhen Gas Corp Ltd (SHSE:601139) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Mei Road 268, Futian District, Guangdong Province, Shenzhen, CHN, 518049

Website

http://www.szgas.com.cn

Shenzhen Gas Corp Ltd is engaged in urban pipeline gas supply, liquefied petroleum gas wholesale, and bottled liquefied petroleum gas retail activities in China and internationally. It serves approximately 2.54 million pipeline gas customers. The company also holds rights for pipeline gas business in around 29 cities under the Shenzhen gas brand.

Executives

Zhuo Fan	Directors, senior managers
Wang Wen Jie	Director
Liu Zhao Yan	senior management
Guo Jia Jing	senior management
Yang Jin Biao	Supervisors
Liu Qiu Hui	Director
Yang Guang	senior management
Xue Bo	senior management
Li Zhen	Director
Zhang Wen He	senior management
Chen Qiu Xiong	Director
Sun Ping Gui	senior management
Ou Da Jiang	Director
Li Qing Ping	senior management

Shenzhen Gas (SHSE:601139) Headlines

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