China Three Gorges Renewables (Group) Co (SHSE:600905) Days Inventory : 7.36 (As of Sep. 2023)

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What is China Three Gorges Renewables (Group) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Three Gorges Renewables (Group) Co's Average Total Inventories for the three months ended in Sep. 2023 was ¥240 Mil. China Three Gorges Renewables (Group) Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥2,982 Mil. Hence, China Three Gorges Renewables (Group) Co's Days Inventory for the three months ended in Sep. 2023 was 7.36.

The historical rank and industry rank for China Three Gorges Renewables (Group) Co's Days Inventory or its related term are showing as below:

SHSE:600905' s Days Inventory Range Over the Past 10 Years
Min: 5.32 Med: 10.6 Max: 258.67
Current: 7.15

During the past 13 years, China Three Gorges Renewables (Group) Co's highest Days Inventory was 258.67. The lowest was 5.32. And the median was 10.60.

SHSE:600905's Days Inventory is ranked better than
85.8% of 324 companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.105 vs SHSE:600905: 7.15

China Three Gorges Renewables (Group) Co's Days Inventory declined from Sep. 2022 (7.45) to Sep. 2023 (7.36).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Three Gorges Renewables (Group) Co's Inventory Turnover for the three months ended in Sep. 2023 was 12.40.

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 Three Gorges Renewables (Group) Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.04.

China Three Gorges Renewables (Group) Co Days Inventory Historical Data

The historical data trend for China Three Gorges Renewables (Group) Co'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 Three Gorges Renewables (Group) Co Days Inventory Chart

China Three Gorges Renewables (Group) Co Annual Data

Trend

Dec08

Dec09

Dec10

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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6.93

5.43

5.32

5.86

6.51

China Three Gorges Renewables (Group) Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															7.45	6.44	7.25	7.50	7.36

Competitive Comparison of China Three Gorges Renewables (Group) Co's Days Inventory

For the Utilities - Renewable subindustry, China Three Gorges Renewables (Group) Co'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 Three Gorges Renewables (Group) Co's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Three Gorges Renewables (Group) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Three Gorges Renewables (Group) Co's Days Inventory falls into.

China Three Gorges Renewables (Group) Co Days Inventory Calculation

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

China Three Gorges Renewables (Group) Co's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (130.963	+	222.203)	/	2 )	/	9906.2	*	365
=	176.583					/	9906.2	*	365
=	6.51

China Three Gorges Renewables (Group) Co's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (236.658	+	244.263)	/	2 )	/	2981.987	*	365 / 4
=	240.4605					/	2981.987	*	365 / 4
=	7.36

China Three Gorges Renewables (Group) Co (SHSE:600905) 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 Three Gorges Renewables (Group) Co's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2981.987	/	240.4605
	=	12.40

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 Three Gorges Renewables (Group) Co's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	240.4605	/	5585.32
	=	0.04

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 Three Gorges Renewables (Group) Co Days Inventory Related Terms

Thank you for viewing the detailed overview of China Three Gorges Renewables (Group) Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

China Three Gorges Renewables (Group) Co (SHSE:600905) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Three Gorges Renewables (Group) Co Ltd (SHSE:600905) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 1, Gongyuan Street, Room 206-23, 2nd Floor, Building 1, Tongzhou District, Beijing, CHN, 101149

Website

https://www.ctgne.com

China Three Gorges Renewables, or CTGR, is one of China's largest renewable energy producers. The firm operates wind farms, photovoltaic power plants, hydro-electric power plants, and energy storage projects. CTGR has a total generation capacity of about 26.5 gigawatts as of the end of 2022. In particular, the firm is also one of the largest offshore wind farm operators in China, with 4.9 GW of installed capacity at the end of 2022, representing about 16% of China's total capacity. Parent company, China Three Gorges, a state-owned enterprise, owns approximately 52.4% of CTGR's issued shares as of the end of 2022.

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