China Natural Gas (China Natural Gas) Days Inventory

: 12.04 (As of Sep. 2013)

View and export this data going back to 2003. Start your Free Trial

Days Inventory is also known as Days Sales of Inventory (DSI). China Natural Gas's Average Total Inventories for the three months ended in Sep. 2013 was $3.0 Mil. China Natural Gas's Cost of Goods Sold for the three months ended in Sep. 2013 was $22.5 Mil. Hence, China Natural Gas's Days Inventory for the three months ended in Sep. 2013 was 12.04.

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

CHNGQ's Days Inventory is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 22.67
* Ranked among companies with meaningful Days Inventory only.

China Natural Gas's Days Inventory declined from Sep. 2012 (14.63) to Sep. 2013 (12.04).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Natural Gas's Inventory Turnover for the three months ended in Sep. 2013 was 7.58.

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 Natural Gas's Inventory-to-Revenue for the three months ended in Sep. 2013 was 0.09.

China Natural Gas Days Inventory Historical Data

The historical data trend for China Natural 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.

China Natural Gas Annual Data

Trend

Jul03

Jul04

Jul05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Days Inventory

Get a 7-Day Free Trial

3.92

6.08

5.99

6.62

8.41

China Natural Gas Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Days Inventory	Get a 7-Day Free Trial															14.63	9.31	11.15	11.82	12.04

Competitive Comparison

For the Utilities - Regulated Gas subindustry, China Natural 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.

China Natural Gas Days Inventory Distribution

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

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

China Natural Gas Days Inventory Calculation

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

China Natural Gas's Days Inventory for the fiscal year that ended in Dec. 2012 is calculated as

	Days Inventory (A: Dec. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2012 )	*	Days in Period
=	( (1.939	+	2.474)	/	2 )	/	95.744	*	365
=	2.2065					/	95.744	*	365
=	8.41

China Natural Gas's Days Inventory for the quarter that ended in Sep. 2013 is calculated as:

	Days Inventory (Q: Sep. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2013 )	+	Total Inventories (Q: Sep. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2013 )	*	Days in Period
=	( (2.917	+	3.012)	/	2 )	/	22.465	*	365 / 4
=	2.9645					/	22.465	*	365 / 4
=	12.04

China Natural Gas (OTCPK:CHNGQ) 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 Natural Gas's Inventory Turnover for the three months ended in Sep. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	22.465	/	2.9645
	=	7.58

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 Natural Gas's Inventory to Revenue for the three months ended in Sep. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.9645	/	32.031
	=	0.09

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 Natural Gas Days Inventory Related Terms

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

China Natural Gas (China Natural Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Natural Gas Inc (OTCPK:CHNGQ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

35 Tang Yan Road, 19th Floor Building B, Van Metropolis, Hi-Tech Zone, Shaanxi Province, Xian, CHN, 710065

Website

http://www.naturalgaschina.com

China Natural Gas Inc through its subsidiaries engages in sales & distribution of natural gas and gasoline to commercial, industrial & residential customers, construction of pipeline networks, installation of natural gas fittings & parts for end-users.

Executives

Frank Waung	director	72 GREAT HILLS RD., SHORT HILLS NJ 07078
Lawrence W. Leighton	director	TANG XING SHU MA BUILDING, SUITE 418, TANG XING ROAD, XIAN, SHAANXI PROVINCE F4 710065
Xiaogang Zhu	officer: Chief Financial Officer	SUITE 909, TOWER B, CHANG AN INTL BLDG, NO. 88 NAN GUAN ZHEN XIE, XI AN CITY, SHAN XI PROVINCE F4 710068

China Natural Gas (China Natural Gas) Headlines

No Headlines