China Glass Holdings (HKSE:03300) Days Inventory : 69.17 (As of Dec. 2023)

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What is China Glass Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Glass Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$1,247 Mil. China Glass Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,290 Mil. Hence, China Glass Holdings's Days Inventory for the six months ended in Dec. 2023 was 69.17.

The historical rank and industry rank for China Glass Holdings's Days Inventory or its related term are showing as below:

HKSE:03300' s Days Inventory Range Over the Past 10 Years
Min: 64.77 Med: 76.45 Max: 98.55
Current: 82.14

During the past 13 years, China Glass Holdings's highest Days Inventory was 98.55. The lowest was 64.77. And the median was 76.45.

HKSE:03300's Days Inventory is ranked better than
51.22% of 369 companies
in the Building Materials industry
Industry Median: 83.57 vs HKSE:03300: 82.14

China Glass Holdings's Days Inventory declined from Dec. 2022 (104.94) to Dec. 2023 (69.17).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Glass Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 2.64.

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 Glass Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.36.

China Glass Holdings Days Inventory Historical Data

The historical data trend for China Glass Holdings'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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China Glass Holdings Days Inventory Chart

China Glass Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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92.13

75.89

71.62

98.55

75.94

China Glass Holdings 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															60.23	116.72	104.94	109.40	69.17

Competitive Comparison of China Glass Holdings's Days Inventory

For the Building Materials subindustry, China Glass Holdings'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.

China Glass Holdings's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, China Glass Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Glass Holdings's Days Inventory falls into.

China Glass Holdings Days Inventory Calculation

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

China Glass Holdings'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
=	( (1204.803	+	1074.772)	/	2 )	/	5478.096	*	365
=	1139.7875					/	5478.096	*	365
=	75.94

China Glass Holdings'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
=	( (1418.767	+	1074.772)	/	2 )	/	3289.722	*	365 / 2
=	1246.7695					/	3289.722	*	365 / 2
=	69.17

China Glass Holdings (HKSE:03300) 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.

China Glass Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3289.722	/	1246.7695
	=	2.64

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.

China Glass Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1246.7695	/	3500.982
	=	0.36

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.

China Glass Holdings Days Inventory Related Terms

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

China Glass Holdings (HKSE:03300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Glass Holdings Ltd (HKSE:03300) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road, Unit 2608, 26th Floor, West Tower, Shun Tak Centre, Central, Hong Kong, HKG

Website

https://www.chinaglassholdings.com

China Glass Holdings Ltd is engaged in the production, marketing, and distribution of float glass, reflective glass, and other glass products. It has five business segments, Clear glass products; Painted glass products; Coated glass products; Energy saving and new energy glass products, such as ultra clear glass, low emission coated glass and photovoltaic battery module products; and Designing and installation services of pharmaceutical glass production lines. Geographically, the company has operations in Mainland China, Hong Kong, the Middle East, Nigeria, Italy, Kazakhstan and other countries. It generates a majority of its revenues from the Clear glass products segment.

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