Able View Global (Able View Global) Days Inventory : 61.32 (As of Dec. 2023)

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What is Able View Global Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Able View Global's Average Total Inventories for the six months ended in Dec. 2023 was $16.8 Mil. Able View Global's Cost of Goods Sold for the six months ended in Dec. 2023 was $50.0 Mil. Hence, Able View Global's Days Inventory for the six months ended in Dec. 2023 was 61.32.

The historical rank and industry rank for Able View Global's Days Inventory or its related term are showing as below:

ABLV' s Days Inventory Range Over the Past 10 Years
Min: 32 Med: 42.3 Max: 58.84
Current: 56.8

During the past 4 years, Able View Global's highest Days Inventory was 58.84. The lowest was 32.00. And the median was 42.30.

ABLV's Days Inventory is ranked worse than
63.51% of 655 companies
in the Media - Diversified industry
Industry Median: 26.06 vs ABLV: 56.80

Able View Global's Days Inventory increased from Dec. 2022 (52.72) to Dec. 2023 (61.32). It might indicate that Able View Global's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Able View Global's Inventory Turnover for the six months ended in Dec. 2023 was 2.98.

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. Able View Global's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.25.

Able View Global Days Inventory Historical Data

The historical data trend for Able View Global'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.

Able View Global Days Inventory Chart

Able View Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

38.19

32.00

46.41

58.84

Able View Global Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			34.15	58.05	52.72	51.30	61.32

Competitive Comparison of Able View Global's Days Inventory

For the Advertising Agencies subindustry, Able View Global'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.

Able View Global's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Able View Global's Days Inventory distribution charts can be found below:

* The bar in red indicates where Able View Global's Days Inventory falls into.

Able View Global Days Inventory Calculation

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

Able View Global'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
=	( (18.679	+	17.426)	/	2 )	/	111.991	*	365
=	18.0525					/	111.991	*	365
=	58.84

Able View Global'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (16.174	+	17.426)	/	2 )	/	49.997	*	365 / 2
=	16.8					/	49.997	*	365 / 2
=	61.32

Able View Global (NAS:ABLV) 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.

Able View Global's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	49.997	/	16.8
	=	2.98

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.

Able View Global's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16.8	/	67.336
	=	0.25

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.

Able View Global Days Inventory Related Terms

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

Able View Global (Able View Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Able View Global Inc (NAS:ABLV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168, Middle Xizang Road, Floor 16, Dushi Headquarters Building, Shanghai, CHN, 200001

Website

Able View Global Inc operates as a brand management partner of international beauty and personal care brands in China. It provides full-service solutions covering marketing strategy, branding, digital and social marketing, omni-channel sales, customer service, overseas logistics, warehouse, and fulfillment. The firm generates revenue from product sales by distributing and selling cross-border products from various global brand owners to Chinese consumers.

Able View Global (Able View Global) Headlines

From GuruFocus

Able View Global Inc. Reports Fiscal Year 2023 Results

By ACCESSWIRE • 05-01-2024