China Zenith Chemical Group (HKSE:00362) Days Inventory : 68.65 (As of Dec. 2023)

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What is China Zenith Chemical Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Zenith Chemical Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$6.54 Mil. China Zenith Chemical Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$17.38 Mil. Hence, China Zenith Chemical Group's Days Inventory for the six months ended in Dec. 2023 was 68.65.

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

HKSE:00362' s Days Inventory Range Over the Past 10 Years
Min: 13.52 Med: 48.22 Max: 319.07
Current: 77.97

During the past 13 years, China Zenith Chemical Group's highest Days Inventory was 319.07. The lowest was 13.52. And the median was 48.22.

HKSE:00362's Days Inventory is ranked worse than
86.55% of 461 companies
in the Utilities - Regulated industry
Industry Median: 23.51 vs HKSE:00362: 77.97

China Zenith Chemical Group's Days Inventory increased from Dec. 2022 (26.66) to Dec. 2023 (68.65). It might indicate that China Zenith Chemical Group's sales slowed down.

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. China Zenith Chemical Group's Inventory Turnover for the six months ended in Dec. 2023 was 2.66.

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 Zenith Chemical Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.26.

China Zenith Chemical Group Days Inventory Historical Data

The historical data trend for China Zenith Chemical 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 Zenith Chemical Group Days Inventory Chart

China Zenith Chemical Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

Get a 7-Day Free Trial

48.93

47.50

13.52

30.67

41.90

China Zenith Chemical Group 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															30.03	89.84	26.66	59.97	68.65

Competitive Comparison of China Zenith Chemical Group's Days Inventory

For the Utilities - Regulated Electric subindustry, China Zenith Chemical 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 Zenith Chemical Group's Days Inventory Distribution in the Utilities - Regulated Industry

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

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

China Zenith Chemical Group Days Inventory Calculation

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

China Zenith Chemical Group's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (22.197	+	2.125)	/	2 )	/	105.947	*	365
=	12.161					/	105.947	*	365
=	41.90

China Zenith Chemical 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.125	+	10.948)	/	2 )	/	17.376	*	365 / 2
=	6.5365					/	17.376	*	365 / 2
=	68.65

China Zenith Chemical Group (HKSE:00362) 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 Zenith Chemical Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	17.376	/	6.5365
	=	2.66

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 Zenith Chemical Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.5365	/	24.733
	=	0.26

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 Zenith Chemical Group Days Inventory Related Terms

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

China Zenith Chemical Group (HKSE:00362) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Zenith Chemical Group Ltd (HKSE:00362) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 4007, 40th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.chinazenith.com.hk

China Zenith Chemical Group Ltd is an investment holding company which is engaged in the generation and supply of heat and power. The company's operating segments are Heat and power, Chemical products for agriculture, Calcium carbide, and Construction services. It generates maximum revenue from the Calcium carbide segment. The Calcium carbide segment is engaged in manufacture and sale of calcium carbide and lime powder. Geographically, it derives revenue from the People's Republic of China.

Executives

Cheung Hung	2101 Beneficial owner
Zhong Kuang Lian He Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
Chiau Che Kong	2101 Beneficial owner
Tang Yiduan	2101 Beneficial owner
Chin Chun Hin	2101 Beneficial owner
Chan Yuen Tung	2101 Beneficial owner
Cheng Ka Kui Arnold	2101 Beneficial owner
Cha Jung Hoon	2101 Beneficial owner
Sze Ching Lau

China Zenith Chemical Group (HKSE:00362) Headlines

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