China Environmental Technology Holdings (HKSE:00646) Days Inventory : 0.00 (As of Jun. 2024)

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What is China Environmental Technology Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Environmental Technology Holdings's Average Total Inventories for the six months ended in Jun. 2024 was HK$0.00 Mil. China Environmental Technology Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$12.07 Mil. Hence, China Environmental Technology Holdings's Days Inventory for the six months ended in Jun. 2024 was 0.00.

The historical rank and industry rank for China Environmental Technology Holdings's Days Inventory or its related term are showing as below:

During the past 13 years, China Environmental Technology Holdings's highest Days Inventory was 68.89. The lowest was 7.09. And the median was 52.61.

HKSE:00646's Days Inventory is not ranked ^*
in the Waste Management industry.
Industry Median: 20.88
* Ranked among companies with meaningful Days Inventory only.

China Environmental Technology Holdings's Days Inventory stayed the same from Jun. 2023 (0.00) to Jun. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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 Environmental Technology Holdings's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.00.

China Environmental Technology Holdings Days Inventory Historical Data

The historical data trend for China Environmental Technology 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.

China Environmental Technology Holdings Days Inventory Chart

China Environmental Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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7.09

China Environmental Technology Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of China Environmental Technology Holdings's Days Inventory

For the Waste Management subindustry, China Environmental Technology 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.

China Environmental Technology Holdings's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, China Environmental Technology Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Environmental Technology Holdings's Days Inventory falls into.

China Environmental Technology Holdings Days Inventory Calculation

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

China Environmental Technology 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
=	( (0	+	0)	/	1 )	/	9.195	*	365
=	0					/	9.195	*	365
=	0.00

China Environmental Technology Holdings's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	12.072	*	365 / 2
=	0					/	12.072	*	365 / 2
=	0.00

China Environmental Technology Holdings (HKSE:00646) 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 Environmental Technology Holdings's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12.072	/	0
	=

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 Environmental Technology Holdings's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	19.099
	=	0.00

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 Environmental Technology Holdings Days Inventory Related Terms

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

China Environmental Technology Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Environmental Technology Holdings Ltd (HKSE:00646) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 Tai Yau Street, Unit 901, New Tech Plaza, San Po Kong, Kowloon, Hong Kong, HKG

Website

http://www.cethl.com/en/Home

China Environmental Technology Holdings Ltd is engaged in the environmental protection business including trading of machinery and equipment, environmental protection technology, equipment system integration, cities and town wastewater treatment and project technical service, and health-related products and services. It operates through two segments, the Wastewater Treatment segment that engages in the provision of wastewater treatment plants construction and operation services, as well as the trading of wastewater treatment facilities and machinery and the provision for related services; the Healthcare segment engages in the provision of healthcare services. It mainly operates businesses in China and generates a vast majority of its revenues from the Wastewater treatment segment.

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