Weigang Environmental Technology Holding Group (HKSE:01845) Days Inventory : 16.91 (As of Dec. 2023)

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What is Weigang Environmental Technology Holding Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Weigang Environmental Technology Holding Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$13.6 Mil. Weigang Environmental Technology Holding Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$146.7 Mil. Hence, Weigang Environmental Technology Holding Group's Days Inventory for the six months ended in Dec. 2023 was 16.91.

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

HKSE:01845' s Days Inventory Range Over the Past 10 Years
Min: 0.04 Med: 3.38 Max: 21.77
Current: 21.77

During the past 9 years, Weigang Environmental Technology Holding Group's highest Days Inventory was 21.77. The lowest was 0.04. And the median was 3.38.

HKSE:01845's Days Inventory is not ranked
in the Waste Management industry.
Industry Median: 22.63 vs HKSE:01845: 21.77

Weigang Environmental Technology Holding Group's Days Inventory declined from Dec. 2022 (25.54) to Dec. 2023 (16.91).

Inventory Turnover measures how fast the company turns over its inventory within a year. Weigang Environmental Technology Holding Group's Inventory Turnover for the six months ended in Dec. 2023 was 10.79.

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. Weigang Environmental Technology Holding Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.07.

Weigang Environmental Technology Holding Group Days Inventory Historical Data

The historical data trend for Weigang Environmental Technology Holding 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.

Weigang Environmental Technology Holding Group Days Inventory Chart

Weigang Environmental Technology Holding Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

3.38

4.78

8.86

17.85

17.13

Weigang Environmental Technology Holding Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial											13.51	20.13	25.54	40.52	16.91

Competitive Comparison of Weigang Environmental Technology Holding Group's Days Inventory

For the Waste Management subindustry, Weigang Environmental Technology Holding 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.

Weigang Environmental Technology Holding Group's Days Inventory Distribution in the Waste Management Industry

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

* The bar in red indicates where Weigang Environmental Technology Holding Group's Days Inventory falls into.

Weigang Environmental Technology Holding Group Days Inventory Calculation

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

Weigang Environmental Technology Holding 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
=	( (10.524	+	9.261)	/	2 )	/	210.797	*	365
=	9.8925					/	210.797	*	365
=	17.13

Weigang Environmental Technology Holding 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
=	( (17.927	+	9.261)	/	2 )	/	146.72	*	365 / 2
=	13.594					/	146.72	*	365 / 2
=	16.91

Weigang Environmental Technology Holding Group (HKSE:01845) 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.

Weigang Environmental Technology Holding Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	146.72	/	13.594
	=	10.79

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.

Weigang Environmental Technology Holding Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	13.594	/	182.352
	=	0.07

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.

Weigang Environmental Technology Holding Group Days Inventory Related Terms

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

Weigang Environmental Technology Holding Group (HKSE:01845) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Weigang Environmental Technology Holding Group Ltd (HKSE:01845) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 181 Science Boulevard, 14-15 Floor, Block A4, Guangdong Province, Guangzhou, CHN

Website

http://www.gzweigang.com

Weigang Environmental Technology Holding Group Ltd is a comprehensive hazardous waste incineration turnkey solution provider in China. The company focuses on the research, design, integration, and commissioning of solid waste treatment systems, for hazardous waste incineration. It has registered patents and has pending registration in the PRC relating to hazardous waste incineration technologies and also owns registered software copyrights in the PRC relating to the monitoring and control of hazardous waste incineration systems. The operating segments of the group are hazardous waste incineration solutions, oilfield auxiliary services and thermal desorption of oil sludge, cement plant parallel kiln cotreatment services and pyrolysis solid waste treatment solutions.

Executives

Zhang Weiyang	2201 Interest of corporation controlled by you
Weigang Green Technology Limited	2201 Interest of corporation controlled by you
Weigang Technology Limited	2101 Beneficial owner
Zhou Wenying	2202 Interest of your spouse
Dhw Holdings Limited	2101 Beneficial owner
Cai Zhuhua	2201 Interest of corporation controlled by you
Huang Ying	2202 Interest of your spouse

Weigang Environmental Technology Holding Group (HKSE:01845) Headlines

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