China Longyuan Power Group (China Longyuan Power Group) Days Inventory : 10.53 (As of Dec. 2023)

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What is China Longyuan Power Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Longyuan Power Group's Average Total Inventories for the three months ended in Dec. 2023 was $106 Mil. China Longyuan Power Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $920 Mil. Hence, China Longyuan Power Group's Days Inventory for the three months ended in Dec. 2023 was 10.53.

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

CLPXF' s Days Inventory Range Over the Past 10 Years
Min: 10.58 Med: 19.07 Max: 31.47
Current: 11.83

During the past 13 years, China Longyuan Power Group's highest Days Inventory was 31.47. The lowest was 10.58. And the median was 19.07.

CLPXF's Days Inventory is ranked better than
75.23% of 323 companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.07 vs CLPXF: 11.83

China Longyuan Power Group's Days Inventory declined from Dec. 2022 (11.66) to Dec. 2023 (10.53).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Longyuan Power Group's Inventory Turnover for the three months ended in Dec. 2023 was 8.67.

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 Longyuan Power Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.08.

China Longyuan Power Group Days Inventory Historical Data

The historical data trend for China Longyuan Power Group'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 Longyuan Power Group Days Inventory Chart

China Longyuan Power Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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18.14

15.94

11.13

11.08

11.39

China Longyuan Power Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															11.66	11.86	12.99	12.87	10.53

Competitive Comparison of China Longyuan Power Group's Days Inventory

For the Utilities - Renewable subindustry, China Longyuan Power Group'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 Longyuan Power Group's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Longyuan Power Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Longyuan Power Group's Days Inventory falls into.

China Longyuan Power Group Days Inventory Calculation

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

China Longyuan Power Group'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
=	( (107.571	+	101.845)	/	2 )	/	3355.137	*	365
=	104.708					/	3355.137	*	365
=	11.39

China Longyuan Power Group'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (110.485	+	101.845)	/	2 )	/	920.271	*	365 / 4
=	106.165					/	920.271	*	365 / 4
=	10.53

China Longyuan Power Group (OTCPK:CLPXF) 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 Longyuan Power Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	920.271	/	106.165
	=	8.67

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 Longyuan Power Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	106.165	/	1335.741
	=	0.08

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 Longyuan Power Group Days Inventory Related Terms

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China Longyuan Power Group (China Longyuan Power Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Longyuan Power Group Corp Ltd (OTCPK:CLPXF) » Definitions » Days Inventory

Traded in Other Exchanges

CLPXY:USA 00916:Hong Kong 6WX:Germany 001289:China

Address

6 Fuchengmen North Street, Room 2006, 20th Floor, Block C, Xicheng District, Beijing, CHN

Website

http://www.clypg.com.cn

Longyuan is China's largest wind farm operator, with consolidated installed wind capacity of 26.2 gigawatts as of end-2022, representing about 7% of nationwide wind capacity. It has more than 400 wind farms spread across China, and has also expanded into other countries such as Canada and South Africa. Longyuan owns two coal-fired power plants in Jiangsu and operates other renewable assets such as solar, geothermal, and tidal energy on a limited scale. The consolidated installed capacity mix is about 84% wind, 6% thermal, and the remainder in other renewables. China Energy Investment, which was created through the merger of China Guodian Corporation and China Shenhua Group, is the major shareholder with a controlling stake of about 58.6%.