China Qinfa Group (HKSE:00866) Days Inventory : 38.40 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is China Qinfa Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Qinfa Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$243 Mil. China Qinfa Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,154 Mil. Hence, China Qinfa Group's Days Inventory for the six months ended in Dec. 2023 was 38.40.

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

HKSE:00866' s Days Inventory Range Over the Past 10 Years
Min: 9.25 Med: 19.53 Max: 49.08
Current: 42.24

During the past 13 years, China Qinfa Group's highest Days Inventory was 49.08. The lowest was 9.25. And the median was 19.53.

HKSE:00866's Days Inventory is ranked worse than
65.22% of 115 companies
in the Other Energy Sources industry
Industry Median: 31.06 vs HKSE:00866: 42.24

China Qinfa Group's Days Inventory declined from Dec. 2022 (54.65) to Dec. 2023 (38.40).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Qinfa Group's Inventory Turnover for the six months ended in Dec. 2023 was 4.75.

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 Qinfa Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.14.

China Qinfa Group Days Inventory Historical Data

The historical data trend for China Qinfa 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 Qinfa Group Days Inventory Chart

China Qinfa Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

9.35

10.76

18.92

49.08

46.11

China Qinfa 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															19.22	32.01	54.65	41.64	38.40

Competitive Comparison of China Qinfa Group's Days Inventory

For the Thermal Coal subindustry, China Qinfa 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 Qinfa Group's Days Inventory Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, China Qinfa Group's Days Inventory distribution charts can be found below:

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

China Qinfa Group Days Inventory Calculation

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

China Qinfa 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
=	( (490.654	+	219.9)	/	2 )	/	2812.282	*	365
=	355.277					/	2812.282	*	365
=	46.11

China Qinfa 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
=	( (265.855	+	219.9)	/	2 )	/	1154.359	*	365 / 2
=	242.8775					/	1154.359	*	365 / 2
=	38.40

China Qinfa Group (HKSE:00866) 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 Qinfa Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1154.359	/	242.8775
	=	4.75

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	242.8775	/	1687.983
	=	0.14

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 Qinfa Group Days Inventory Related Terms

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

China Qinfa Group (HKSE:00866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » China Qinfa Group Ltd (HKSE:00866) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 1 Pazhou Avenue East, Unit Nos. 2201 to 2208, Level 22, South Tower, Poly International Plaza, Haizhu District, Guangzhou, CHN

Website

http://www.qinfagroup.com

China Qinfa Group Ltd is a Hong-Kong based firm engaged in coal operation business involving coal mining, purchases and sales, filtering, storage, the blending of coal in the PRC, and shipping transportation. The company operates its business through two segments namely Coal and Shipping transportation segments. Coal business segment covers coal mining, purchases and sales, filtering, storage and blending of coal in the PRC, and Shipping transportation segment provides services of time charter and voyage charter of vessels. It has a business presence in the PRC and other countries, of which the majority of the revenue is generated within the PRC.

China Qinfa Group (HKSE:00866) Headlines

No Headlines