China Gas Industry Investment Holdings Co (HKSE:01940) Total Inventories : HK$11 Mil (As of Dec. 2023)

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What is China Gas Industry Investment Holdings Co Total Inventories?

China Gas Industry Investment Holdings Co's total inventories for the quarter that ended in Dec. 2023 was HK$11 Mil. China Gas Industry Investment Holdings Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$10 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Gas Industry Investment Holdings Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Gas Industry Investment Holdings Co's Days Inventory for the six months ended in Dec. 2023 was 2.81.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Gas Industry Investment Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 64.94.

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 Gas Industry Investment Holdings Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

China Gas Industry Investment Holdings Co Total Inventories Historical Data

The historical data trend for China Gas Industry Investment Holdings Co's Total Inventories 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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China Gas Industry Investment Holdings Co Total Inventories Chart

China Gas Industry Investment Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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12.37

11.72

12.43

12.99

10.62

China Gas Industry Investment Holdings Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial							12.43	11.54	12.99	10.10	10.62

China Gas Industry Investment Holdings Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

China Gas Industry Investment Holdings Co (HKSE:01940) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

China Gas Industry Investment Holdings Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(221.619	+	0.75 * 594.926	+	0.5 * 10.619	-	1049.515
-	0	-	0)	/	1200
=	-0.31

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

China Gas Industry Investment Holdings Co's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	10.359	/	672.757	*	365 / 2
	=	2.81

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

China Gas Industry Investment Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	672.757	/	10.359
	=	64.94

4. 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 Gas Industry Investment Holdings Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	10.359	/	856.512
	=	0.01

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

China Gas Industry Investment Holdings Co Total Inventories Related Terms

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China Gas Industry Investment Holdings Co (HKSE:01940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Gas Industry Investment Holdings Co Ltd (HKSE:01940) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

No. 9 Binhe Road, Lubei District, Hebei Province, Tangshan, CHN

Website

https://www.cgiiholdings.com

China Gas Industry Investment Holdings Co Ltd is an industrial gas supplier in the Jing-Jin-Ji Region. It is focused on the supply of pipeline industrial gas and liquefied industrial gas and also operates an LNG-related business which includes the supply of LNG and provision of gas transmission service relatively small scale. The company produces and supplies liquefied industrial gas to offsite independent end-user customers. Its segments include the Supply of industrial gas; Liquefied natural gas (LNG) and gas transmission service.

Executives

Hong Kong Kaiyuan Import & Export Co., Limited	2101 Beneficial owner
Temasek Holdings (private) Limited
Shang Hai Hui Tang Zhi He Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
He Gang Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
He Gang Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Han Dan Gang Tie Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Huitang Zhihe (hong Kong) Co., Limited	2101 Beneficial owner
Thomson Capital Pte. Ltd.
Tembusu Capital Pte. Ltd.
Anderson Investments Pte. Ltd.
Springleaf Investments Pte. Ltd.
Huang He Investment Limited	2201 Interest of corporation controlled by you
Citp Gp I Ltd	2201 Interest of corporation controlled by you
China Infrastructure Partners, L.p.	2201 Interest of corporation controlled by you
China Gas Investors Ltd.	2101 Beneficial owner

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