HK Electric Investments and HK Electric Investments (HKSE:02638) Days Inventory : 70.33 (As of Dec. 2023)

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What is HK Electric Investments and HK Electric Investments Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). HK Electric Investments and HK Electric Investments's Average Total Inventories for the six months ended in Dec. 2023 was HK$1,110 Mil. HK Electric Investments and HK Electric Investments's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,879 Mil. Hence, HK Electric Investments and HK Electric Investments's Days Inventory for the six months ended in Dec. 2023 was 70.33.

The historical rank and industry rank for HK Electric Investments and HK Electric Investments's Days Inventory or its related term are showing as below:

HKSE:02638' s Days Inventory Range Over the Past 10 Years
Min: 52.86 Med: 63.83 Max: 82.82
Current: 82.82

During the past 11 years, HK Electric Investments and HK Electric Investments's highest Days Inventory was 82.82. The lowest was 52.86. And the median was 63.83.

HKSE:02638's Days Inventory is ranked worse than
88.82% of 465 companies
in the Utilities - Regulated industry
Industry Median: 22.67 vs HKSE:02638: 82.82

HK Electric Investments and HK Electric Investments's Days Inventory declined from Dec. 2022 (104.38) to Dec. 2023 (70.33).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. HK Electric Investments and HK Electric Investments's Inventory Turnover for the six months ended in Dec. 2023 was 2.59.

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. HK Electric Investments and HK Electric Investments's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.18.

HK Electric Investments and HK Electric Investments Days Inventory Historical Data

The historical data trend for HK Electric Investments and HK Electric Investments'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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HK Electric Investments and HK Electric Investments Days Inventory Chart

HK Electric Investments and HK Electric Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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60.16

52.86

54.12

79.95

83.01

HK Electric Investments and HK Electric Investments 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															51.86	95.87	104.38	96.97	70.33

Competitive Comparison of HK Electric Investments and HK Electric Investments's Days Inventory

For the Utilities - Regulated Electric subindustry, HK Electric Investments and HK Electric Investments'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.

HK Electric Investments and HK Electric Investments's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, HK Electric Investments and HK Electric Investments's Days Inventory distribution charts can be found below:

* The bar in red indicates where HK Electric Investments and HK Electric Investments's Days Inventory falls into.

HK Electric Investments and HK Electric Investments Days Inventory Calculation

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

HK Electric Investments and HK Electric Investments'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
=	( (1446	+	1003)	/	2 )	/	5384	*	365
=	1224.5					/	5384	*	365
=	83.01

HK Electric Investments and HK Electric Investments'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
=	( (1216	+	1003)	/	2 )	/	2879	*	365 / 2
=	1109.5					/	2879	*	365 / 2
=	70.33

HK Electric Investments and HK Electric Investments (HKSE:02638) 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.

HK Electric Investments and HK Electric Investments's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2879	/	1109.5
	=	2.59

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.

HK Electric Investments and HK Electric Investments's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1109.5	/	6177
	=	0.18

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.

HK Electric Investments and HK Electric Investments Days Inventory Related Terms

Thank you for viewing the detailed overview of HK Electric Investments and HK Electric Investments's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

HK Electric Investments and HK Electric Investments (HKSE:02638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » HK Electric Investments and HK Electric Investments Ltd (HKSE:02638) » Definitions » Days Inventory

Comparable Companies

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HKVTY:USA HKCVF:USA HKT:Germany

Address

44 Kennedy Road, Hong Kong Electric Centre, Hong Kong, HKG

Website

https://www.hkelectric.com

HK ELECTRIC INVESTMENTS LIMITED is a fixed single investment trust in Hong Kong with a focus on the power industry. The Company is a vertically integrated power utility and its operations comprise the generation, transmission, distribution and supply of electricity to Hong Kong Island and Lamma Island. Its principal operating subsidiary is The Hongkong Electric Company, Limited (HEC). HEC's sole power generation facility is the Lamma Power Station which has an aggregate installed capacity of approximately 3,700 megawatt (MW). The Company provides electricity to approximately 568,000 registered customers on Hong Kong Island and Lamma Island.

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