Chongqing Gas Group (SHSE:600917) Inventory-to-Revenue : 0.03 (As of Mar. 2024)

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What is Chongqing Gas Group Inventory-to-Revenue?

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. Chongqing Gas Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥69 Mil. Chongqing Gas Group's Revenue for the three months ended in Mar. 2024 was ¥2,703 Mil. Chongqing Gas Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Chongqing Gas Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 stayed the same from Dec. 2023 (0.03) to Dec. 2023 (0.03)

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chongqing Gas Group's Days Inventory for the three months ended in Mar. 2024 was 2.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chongqing Gas Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 38.51.

Chongqing Gas Group Inventory-to-Revenue Historical Data

The historical data trend for Chongqing Gas Group's Inventory-to-Revenue 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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Chongqing Gas Group Inventory-to-Revenue Chart

Chongqing Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.01

Chongqing Gas Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory-to-Revenue	Get a 7-Day Free Trial															0.03	0.04	0.04	0.03	0.03

Competitive Comparison of Chongqing Gas Group's Inventory-to-Revenue

For the Utilities - Regulated Gas subindustry, Chongqing Gas Group's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

Chongqing Gas Group's Inventory-to-Revenue Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Chongqing Gas Group's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Chongqing Gas Group's Inventory-to-Revenue falls into.

Chongqing Gas Group Inventory-to-Revenue Calculation

Chongqing Gas Group's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (60.885	+	71.418)	/	2 )	/	10204.512
=	66.1515					/	10204.512
=	0.01

Chongqing Gas Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

	Inventory-to-Revenue (Q: Mar. 2024 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Revenue (Q: Mar. 2024 )
=	( (71.418	+	65.75)	/	2 )	/	2702.817
=	68.584					/	2702.817
=	0.03

Chongqing Gas Group (SHSE:600917) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Chongqing Gas Group's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	68.584	/	2641.031	*	365 / 4
	=	2.37

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Chongqing Gas Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	2641.031	/	68.584
	=	38.51

Chongqing Gas Group Inventory-to-Revenue Related Terms

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Chongqing Gas Group (SHSE:600917) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chongqing Gas Group Corporation Ltd (SHSE:600917) » Definitions » Inventory-to-Revenue

Traded in Other Exchanges

N/A

Address

Jiangbei District Court, a small village on the 30th, Chongqing, CHN, 400020

Website

http://www.cqgas.cn

Chongqing Gas Group Corporation Ltd engages in the design, manufacture, installation, maintenance, sale, management, and technical consultation of gas supply and pipe network in China. It also supplies, transport, storage, distributes, and sale gas. The company engages in the supply of heating, cooling, and cogeneration; pipe anti-corrosion processing; and gas appliance sales and other business operations.

Executives

Wang Song Qiu	Director
Li Jin Yan	senior management
Fu Xiu Ping	senior management
Wu Can Guang	Director
Jiang Ying Hui	senior management
Wang Ji Wu	Director
Wen Xiao Song	senior management

Chongqing Gas Group (SHSE:600917) Headlines

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