Hong Kong and China Gas Co (Hong Kong and China Gas Co) Inventory Turnover

: 5.99 (As of Jun. 2023)

View and export this data going back to . Start your Free Trial

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Hong Kong and China Gas Co's Cost of Goods Sold for the six months ended in Jun. 2023 was $2,310 Mil. Hong Kong and China Gas Co's Average Total Inventories for the quarter that ended in Jun. 2023 was $385 Mil. Hong Kong and China Gas Co's Inventory Turnover for the quarter that ended in Jun. 2023 was 5.99.

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 six months ended in Jun. 2023 was 30.45.

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 quarter that ended in Jun. 2023 was 0.10.

Hong Kong and China Gas Co Inventory Turnover Historical Data

The historical data trend for Hong Kong and China Gas Co's Inventory Turnover 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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 9.01 [6] => 8.76 [7] => 11.18 [8] => 11.98 [9] => 11.66 )

Hong Kong and China Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

9.01

8.76

11.18

11.98

11.66

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
Inventory Turnover																6.27	5.99	5.94	5.99	6.56

Hong Kong and China Gas Co Inventory Turnover Calculation

Hong Kong and China Gas Co's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	5049.053	/ (	(402.705	+	440.093)	/	2 )
=	5049.053	/	421.399
=	11.98

Hong Kong and China Gas Co's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	2310.009	/ (	(440.093	+	330.844)	/	2 )
=	2310.009	/	385.4685
=	5.99

Hong Kong and China Gas Co (OTCPK:HOKCY) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	385.4685	/	2310.009	*	365 / 2
	=	30.45

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 quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	385.4685	/	3724.959
	=	0.10

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Hong Kong and China Gas Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Hong Kong and China Gas Co's Inventory Turnover 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

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hong Kong and China Gas Co Ltd (OTCPK:HOKCY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HOKCF:USA 00003:Hong Kong HCG:Germany

Address

363 Java Road, 23rd Floor, North Point, Hong Kong, HKG

Website

http://www.towngas.com

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

From GuruFocus

TERA-Award offers US$1 million prize, applications to close 31 August

By PRNewswire PRNewswire • 08-20-2021

US$1 Million Prize by Towngas for Smart Energy Technology Proposals

By PRNewswire PRNewswire • 06-22-2021