OCK Group Bhd (XKLS:0172) Days Inventory : 57.95 (As of Sep. 2023)

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What is OCK Group Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). OCK Group Bhd's Average Total Inventories for the three months ended in Sep. 2023 was RM93.7 Mil. OCK Group Bhd's Cost of Goods Sold for the three months ended in Sep. 2023 was RM147.6 Mil. Hence, OCK Group Bhd's Days Inventory for the three months ended in Sep. 2023 was 57.95.

The historical rank and industry rank for OCK Group Bhd's Days Inventory or its related term are showing as below:

XKLS:0172' s Days Inventory Range Over the Past 10 Years
Min: 40.55 Med: 58.94 Max: 77.5
Current: 59.69

During the past 11 years, OCK Group Bhd's highest Days Inventory was 77.50. The lowest was 40.55. And the median was 58.94.

XKLS:0172's Days Inventory is ranked worse than
83.89% of 298 companies
in the Telecommunication Services industry
Industry Median: 19.215 vs XKLS:0172: 59.69

OCK Group Bhd's Days Inventory declined from Sep. 2022 (70.88) to Sep. 2023 (57.95).

Inventory Turnover measures how fast the company turns over its inventory within a year. OCK Group Bhd's Inventory Turnover for the three months ended in Sep. 2023 was 1.57.

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. OCK Group Bhd's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.48.

OCK Group Bhd Days Inventory Historical Data

The historical data trend for OCK Group Bhd'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.

OCK Group Bhd Days Inventory Chart

OCK Group Bhd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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77.50

72.48

66.89

62.43

58.27

OCK Group Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															70.88	56.45	59.71	63.19	57.95

Competitive Comparison of OCK Group Bhd's Days Inventory

For the Telecom Services subindustry, OCK Group Bhd'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.

OCK Group Bhd's Days Inventory Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, OCK Group Bhd's Days Inventory distribution charts can be found below:

* The bar in red indicates where OCK Group Bhd's Days Inventory falls into.

OCK Group Bhd Days Inventory Calculation

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

OCK Group Bhd's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (63.392	+	86.784)	/	2 )	/	470.363	*	365
=	75.088					/	470.363	*	365
=	58.27

OCK Group Bhd's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (91.18	+	96.268)	/	2 )	/	147.579	*	365 / 4
=	93.724					/	147.579	*	365 / 4
=	57.95

OCK Group Bhd (XKLS:0172) 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.

OCK Group Bhd's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	147.579	/	93.724
	=	1.57

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.

OCK Group Bhd's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	93.724	/	196.254
	=	0.48

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.

OCK Group Bhd Days Inventory Related Terms

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

OCK Group Bhd (XKLS:0172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » OCK Group Bhd (XKLS:0172) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Jalan Jurunilai U1/20, Seksyen U1, Hicom Glenmarie Industrial Park, Shah Alam, SGR, MYS, 40150

Website

https://www.ock.com.my

OCK Group Bhd provides telecommunications network services. The company is engaged in the provision of telecommunication services equipped with the ability to provide full turnkey services. The company operates in segments namely Telecommunication Network Services, Green Energy & Power Solutions, Trading, Mechanical & Electrical Engineering Services, and Investment Holding. The majority of the revenue is generated from the Telecommunication Network Services. The company also trades in telecommunication hardware and installation of materials such as antennas, feeder cables, and connectors. The company operates in Malaysia, China, Myanmar, Indonesia, Singapore, and Vietnam, out of which Malaysia accounts for the majority revenue.

OCK Group Bhd (XKLS:0172) Headlines

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