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E-Commodities Holdings (HKSE:01733) Days Inventory : 20.58 (As of Dec. 2023)


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What is E-Commodities Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). E-Commodities Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$2,222 Mil. E-Commodities Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$19,701 Mil. Hence, E-Commodities Holdings's Days Inventory for the six months ended in Dec. 2023 was 20.58.

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

HKSE:01733' s Days Inventory Range Over the Past 10 Years
Min: 10.1   Med: 16.47   Max: 41.62
Current: 20.43

During the past 13 years, E-Commodities Holdings's highest Days Inventory was 41.62. The lowest was 10.10. And the median was 16.47.

HKSE:01733's Days Inventory is ranked better than
67.83% of 115 companies
in the Other Energy Sources industry
Industry Median: 29.96 vs HKSE:01733: 20.43

E-Commodities Holdings's Days Inventory declined from Dec. 2022 (23.20) to Dec. 2023 (20.58).

Inventory Turnover measures how fast the company turns over its inventory within a year. E-Commodities Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 8.87.

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. E-Commodities Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.10.


E-Commodities Holdings Days Inventory Historical Data

The historical data trend for E-Commodities 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.

* Premium members only.

E-Commodities Holdings Days Inventory Chart

E-Commodities Holdings 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 15.77 18.40 15.92 24.27 25.60

E-Commodities 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 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 13.53 27.94 23.20 14.70 20.58

Competitive Comparison of E-Commodities Holdings's Days Inventory

For the Thermal Coal subindustry, E-Commodities 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.


E-Commodities Holdings's Days Inventory Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, E-Commodities Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where E-Commodities Holdings's Days Inventory falls into.



E-Commodities Holdings Days Inventory Calculation

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

E-Commodities 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
=( (1749.316 + 3424.955) / 2 ) / 36887.007*365
=2587.1355 / 36887.007*365
=25.60

E-Commodities 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
=( (1019.193 + 3424.955) / 2 ) / 19701.284*365 / 2
=2222.074 / 19701.284*365 / 2
=20.58

* 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.


E-Commodities Holdings  (HKSE:01733) 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.

E-Commodities Holdings'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.

E-Commodities Holdings'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.


E-Commodities Holdings Days Inventory Related Terms

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


E-Commodities Holdings (HKSE:01733) Business Description

Traded in Other Exchanges
Address
Room 706, Tower B, Tianrun Fortune Center, No. 58, Dongzongbu Hutong, Dongcheng District, Beijing, CHN, 100005
E-Commodities Holdings Ltd is a company principally engaged in the processing and trading of coking coal and other products and rendering of logistics services. The group has two business divisions. The processing and trading of coking coal and other products segment manages and operates coal processing plants and generates income from processing and trading of coking coal and other products to external customers. Rendering of integrated supply chain services segment constructs, manages and operates processing factories and logistics parks and generates income from rendering of warehousing. Majority of the firm's revenue comes from the processing and trading of coking coal and other products segment.

E-Commodities Holdings (HKSE:01733) Headlines

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