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Hong Kong and China Gas Co (Hong Kong and China Gas Co) Days Inventory : 27.81 (As of Dec. 2023)


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What is Hong Kong and China Gas Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hong Kong and China Gas Co's Average Total Inventories for the six months ended in Dec. 2023 was $330 Mil. Hong Kong and China Gas Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $2,164 Mil. Hence, Hong Kong and China Gas Co's Days Inventory for the six months ended in Dec. 2023 was 27.81.

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

HOKCY' s Days Inventory Range Over the Past 10 Years
Min: 29.85   Med: 43.31   Max: 63.2
Current: 29.85

During the past 13 years, Hong Kong and China Gas Co's highest Days Inventory was 63.20. The lowest was 29.85. And the median was 43.31.

HOKCY's Days Inventory is ranked worse than
60.65% of 465 companies
in the Utilities - Regulated industry
Industry Median: 22.67 vs HOKCY: 29.85

Hong Kong and China Gas Co's Days Inventory declined from Dec. 2022 (30.73) to Dec. 2023 (27.81).

Inventory Turnover measures how fast the company turns over its inventory within a year. Hong Kong and China Gas Co's Inventory Turnover for the six months ended in Dec. 2023 was 6.56.

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. Hong Kong and China Gas Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.09.


Hong Kong and China Gas Co Days Inventory Historical Data

The historical data trend for Hong Kong and China 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.

Hong Kong and China Gas Co Days Inventory Chart

Hong Kong and China Gas Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.51 41.66 32.63 30.46 31.31

Hong Kong and China Gas Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.10 30.48 30.73 30.45 27.81

Competitive Comparison of Hong Kong and China Gas Co's Days Inventory

For the Utilities - Regulated Gas subindustry, Hong Kong and China 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.


Hong Kong and China Gas Co's Days Inventory Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Hong Kong and China Gas Co's Days Inventory falls into.



Hong Kong and China Gas Co Days Inventory Calculation

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

Hong Kong and China 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
=( (440.093 + 328.69) / 2 ) / 4481.037*365
=384.3915 / 4481.037*365
=31.31

Hong Kong and China 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
=( (330.844 + 328.69) / 2 ) / 2164.166*365 / 2
=329.767 / 2164.166*365 / 2
=27.81

* 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.


Hong Kong and China Gas Co  (OTCPK:HOKCY) 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.

Hong Kong and China Gas Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

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.

Hong Kong and China Gas Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

* 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.


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.


Hong Kong and China Gas Co Days Inventory Related Terms

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


Hong Kong and China Gas Co (Hong Kong and China Gas Co) Business Description

Traded in Other Exchanges
Address
363 Java Road, 23rd Floor, North Point, Hong Kong, HKG
Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company's core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. In the mainland, the company has a gas distribution business with 267 projects across 26 provinces. HKCG is also investing in water, upstream gas, and new energies. The business mix is approximately 90% gas utilities and 10% new energy. HKCG also holds a 15.8% stake in International Financial Center, a Grade A office building in the Hong Kong central business district.

Hong Kong and China Gas Co (Hong Kong and China Gas Co) Headlines

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