Great Taipei Gas (TPE:9908) Days Inventory : 19.53 (As of Mar. 2024)

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What is Great Taipei Gas Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Great Taipei Gas's Average Total Inventories for the three months ended in Mar. 2024 was NT$153 Mil. Great Taipei Gas's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$716 Mil. Hence, Great Taipei Gas's Days Inventory for the three months ended in Mar. 2024 was 19.53.

The historical rank and industry rank for Great Taipei Gas's Days Inventory or its related term are showing as below:

TPE:9908' s Days Inventory Range Over the Past 10 Years
Min: 11.3 Med: 20.08 Max: 27.07
Current: 21.6

During the past 13 years, Great Taipei Gas's highest Days Inventory was 27.07. The lowest was 11.30. And the median was 20.08.

TPE:9908's Days Inventory is ranked better than
52.68% of 467 companies
in the Utilities - Regulated industry
Industry Median: 23.36 vs TPE:9908: 21.60

Great Taipei Gas's Days Inventory declined from Mar. 2023 (19.85) to Mar. 2024 (19.53).

Inventory Turnover measures how fast the company turns over its inventory within a year. Great Taipei Gas's Inventory Turnover for the three months ended in Mar. 2024 was 4.67.

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. Great Taipei Gas's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.16.

Great Taipei Gas Days Inventory Historical Data

The historical data trend for Great Taipei Gas'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.

Great Taipei Gas Days Inventory Chart

Great Taipei Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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19.62

24.64

27.07

24.10

21.73

Great Taipei Gas Quarterly Data
	Jun19	Sep19	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															19.85	23.73	26.21	18.74	19.53

Competitive Comparison of Great Taipei Gas's Days Inventory

For the Utilities - Regulated Gas subindustry, Great Taipei Gas'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.

Great Taipei Gas's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Great Taipei Gas's Days Inventory distribution charts can be found below:

* The bar in red indicates where Great Taipei Gas's Days Inventory falls into.

Great Taipei Gas Days Inventory Calculation

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

Great Taipei Gas'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
=	( (155.052	+	151.706)	/	2 )	/	2576.434	*	365
=	153.379					/	2576.434	*	365
=	21.73

Great Taipei Gas'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
=	( (151.706	+	154.676)	/	2 )	/	715.919	*	365 / 4
=	153.191					/	715.919	*	365 / 4
=	19.53

Great Taipei Gas (TPE:9908) 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.

Great Taipei Gas's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	715.919	/	153.191
	=	4.67

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.

Great Taipei Gas's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	153.191	/	930.518
	=	0.16

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.

Great Taipei Gas Days Inventory Related Terms

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

Great Taipei Gas (TPE:9908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Great Taipei Gas Corp (TPE:9908) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 35, Lane 11, Guangfu N. Raod, 5th Floor, Songshan District, Taipei, TWN, 105

Website

https://www.taipeigas.com.tw

Great Taipei Gas Corp is a Taiwanese gas utility company that provides natural gas services to districts throughout the city of Taipei, Taiwan. The company's core activity is the selling of a variety of gas utility-related products and supplies, such as natural gas, gas equipment, gas meters, and gas instruments, which are sourced primarily from Europe, America, and Japan. Great Taipei Gas then distributes natural gas to end users in the Taiwanese capital city by operating a network of gas pipelines and storage facilities.

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