Axelum Resources (PHS:AXLM) Days Inventory : 165.76 (As of Dec. 2023)

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What is Axelum Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Axelum Resources's Average Total Inventories for the three months ended in Dec. 2023 was ₱2,125 Mil. Axelum Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was ₱1,170 Mil. Hence, Axelum Resources's Days Inventory for the three months ended in Dec. 2023 was 165.76.

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

PHS:AXLM' s Days Inventory Range Over the Past 10 Years
Min: 46.5 Med: 113.53 Max: 187.14
Current: 187.14

During the past 9 years, Axelum Resources's highest Days Inventory was 187.14. The lowest was 46.50. And the median was 113.53.

PHS:AXLM's Days Inventory is ranked worse than
85.11% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.23 vs PHS:AXLM: 187.14

Axelum Resources's Days Inventory declined from Dec. 2022 (230.95) to Dec. 2023 (165.76).

Inventory Turnover measures how fast the company turns over its inventory within a year. Axelum Resources's Inventory Turnover for the three months ended in Dec. 2023 was 0.55.

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. Axelum Resources's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.52.

Axelum Resources Days Inventory Historical Data

The historical data trend for Axelum Resources'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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Axelum Resources Days Inventory Chart

Axelum Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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111.37

113.53

134.23

172.04

177.35

Axelum Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															230.95	212.47	197.95	183.16	165.76

Competitive Comparison of Axelum Resources's Days Inventory

For the Packaged Foods subindustry, Axelum Resources'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.

Axelum Resources's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Axelum Resources's Days Inventory distribution charts can be found below:

* The bar in red indicates where Axelum Resources's Days Inventory falls into.

Axelum Resources Days Inventory Calculation

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

Axelum Resources'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
=	( (2563.828	+	2011.916)	/	2 )	/	4708.674	*	365
=	2287.872					/	4708.674	*	365
=	177.35

Axelum Resources'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2237.832	+	2011.916)	/	2 )	/	1169.732	*	365 / 4
=	2124.874					/	1169.732	*	365 / 4
=	165.76

Axelum Resources (PHS:AXLM) 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.

Axelum Resources's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1169.732	/	2124.874
	=	0.55

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.

Axelum Resources's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2124.874	/	1401.789
	=	1.52

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.

Axelum Resources Days Inventory Related Terms

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

Axelum Resources (PHS:AXLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Axelum Resources Corp (PHS:AXLM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tiano-Montalvan Streets, ICS Building, Cagayan de Oro, MSR, PHL, 9000

Website

https://www.axelum.ph

Axelum Resources Corp is engaged in the manufacturing and distributing of high-quality coconut products which are mostly distributed to domestic and international food and beverage companies, confectioneries, bakeries, private label supermarkets and grocery store chains, food service industries, and nutritional and personal care brands. The company's product segments are divided into coconut water, white meat (Desiccated coconut, Coconut milk powder, Coconut cream/milk, sweetened coconut), and by-products. Geographically, it derives a majority of its revenue from the Philippines and also has a presence in the United States of America and Australia.