Hengsheng Energy Co (SHSE:605580) Days Inventory : 25.55 (As of Mar. 2024)

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What is Hengsheng Energy Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hengsheng Energy Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥40.9 Mil. Hengsheng Energy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥146.2 Mil. Hence, Hengsheng Energy Co's Days Inventory for the three months ended in Mar. 2024 was 25.55.

The historical rank and industry rank for Hengsheng Energy Co's Days Inventory or its related term are showing as below:

SHSE:605580' s Days Inventory Range Over the Past 10 Years
Min: 16.42 Med: 24.05 Max: 27.71
Current: 23.32

During the past 7 years, Hengsheng Energy Co's highest Days Inventory was 27.71. The lowest was 16.42. And the median was 24.05.

SHSE:605580's Days Inventory is ranked better than
59.02% of 327 companies
in the Utilities - Independent Power Producers industry
Industry Median: 30.41 vs SHSE:605580: 23.32

Hengsheng Energy Co's Days Inventory increased from Mar. 2023 (25.25) to Mar. 2024 (25.55). It might indicate that Hengsheng Energy Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hengsheng Energy Co's Inventory Turnover for the three months ended in Mar. 2024 was 3.57.

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. Hengsheng Energy Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.22.

Hengsheng Energy Co Days Inventory Historical Data

The historical data trend for Hengsheng Energy Co'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.

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Hengsheng Energy Co Days Inventory Chart

Hengsheng Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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16.42

25.96

22.16

24.05

27.71

Hengsheng Energy Co Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															25.25	21.28	26.26	19.36	25.55

Competitive Comparison of Hengsheng Energy Co's Days Inventory

For the Utilities - Renewable subindustry, Hengsheng Energy Co'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.

Hengsheng Energy Co's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Hengsheng Energy Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hengsheng Energy Co's Days Inventory falls into.

Hengsheng Energy Co Days Inventory Calculation

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

Hengsheng Energy Co'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
=	( (56.086	+	31.739)	/	2 )	/	578.493	*	365
=	43.9125					/	578.493	*	365
=	27.71

Hengsheng Energy Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (31.739	+	50.134)	/	2 )	/	146.195	*	365 / 4
=	40.9365					/	146.195	*	365 / 4
=	25.55

Hengsheng Energy Co (SHSE:605580) 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.

Hengsheng Energy Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	146.195	/	40.9365
	=	3.57

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.

Hengsheng Energy Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	40.9365	/	184.255
	=	0.22

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.

Hengsheng Energy Co Days Inventory Related Terms

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

Hengsheng Energy Co (SHSE:605580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Hengsheng Energy Co Ltd (SHSE:605580) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 10 Xingbei Road, Longyou Industrial Park, Longyou County, Zhejiang Province, Quzhou, CHN, 324400

Website

Hengsheng Energy Co Ltd is engaged in the production and supply of steam, the production and sale of electricity.

Hengsheng Energy Co (SHSE:605580) Headlines

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