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Chenqi Technology (HKSE:09680) Days Inventory : 1.75 (As of Jun. 2024)


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What is Chenqi Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chenqi Technology's Average Total Inventories for the six months ended in Jun. 2024 was HK$11 Mil. Chenqi Technology's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$1,151 Mil. Hence, Chenqi Technology's Days Inventory for the six months ended in Jun. 2024 was 1.75.

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

HKSE:09680' s Days Inventory Range Over the Past 10 Years
Min: 1.12   Med: 1.87   Max: 2.02
Current: 1.12

During the past 4 years, Chenqi Technology's highest Days Inventory was 2.02. The lowest was 1.12. And the median was 1.87.

HKSE:09680's Days Inventory is ranked better than
89.23% of 678 companies
in the Business Services industry
Industry Median: 30.61 vs HKSE:09680: 1.12

Chenqi Technology's Days Inventory increased from Jun. 2023 (1.35) to Jun. 2024 (1.75). It might indicate that Chenqi Technology's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chenqi Technology's Inventory Turnover for the six months ended in Jun. 2024 was 103.99.

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. Chenqi Technology's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.01.


Chenqi Technology Days Inventory Historical Data

The historical data trend for Chenqi Technology'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.

Chenqi Technology Days Inventory Chart

Chenqi Technology Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Days Inventory
- 1.72 2.02 1.55

Chenqi Technology Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24
Days Inventory Get a 7-Day Free Trial - 1.35 2.52 1.75 0.28

Competitive Comparison of Chenqi Technology's Days Inventory

For the Rental & Leasing Services subindustry, Chenqi Technology'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.


Chenqi Technology's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Chenqi Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chenqi Technology's Days Inventory falls into.


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Chenqi Technology Days Inventory Calculation

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

Chenqi Technology'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
=( (7.976 + 20.028) / 2 ) / 2528.279*365
=14.002 / 2528.279*365
=2.02

Chenqi Technology'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
=( (20.028 + 2.115) / 2 ) / 1151.361*365 / 2
=11.0715 / 1151.361*365 / 2
=1.75

* 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.


Chenqi Technology  (HKSE:09680) 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.

Chenqi Technology's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

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.

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

* 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.


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.


Chenqi Technology Days Inventory Related Terms

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


Chenqi Technology Business Description

Traded in Other Exchanges
N/A
Address
Kaitai Avenue, No. 30-4, Huangpu District, Guangdong Province, Guangzhou, CHN
Chenqi Technology Ltd a mobility service company in China primarily offering ride-hailing services. It serve and connect various participants of the mobility industry including the riders, drivers, automobile OEMs, vehicle service providers and autonomous driving solution providers, The company operates three reportable segments: Mobility services business, Technology services business and Fleet sale and maintenance business. Key revenue is generated from Mobility services business which includes provision of ride-hailing services, Robotaxi services, hitch services and other related services.
Executives
Tencent Holdings Limited
Tencent Mobility Limited
Guangzhou Automobile Industry Group Co., Ltd. 2201 Interest of corporation controlled by you
China Lounge Investments Limited 2101 Beneficial owner
Guangzhou Automobile Group Co., Ltd. 2201 Interest of corporation controlled by you
Didi Global Inc. 2201 Interest of corporation controlled by you
Hongkong Pony Ai Limited 2101 Beneficial owner
Peng Jun 2201 Interest of corporation controlled by you
Pony Ai Inc. 2201 Interest of corporation controlled by you

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