Akkhie Prakarn PCL (BKK:AKP) Days Inventory : 2.63 (As of Dec. 2023)

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What is Akkhie Prakarn PCL Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Akkhie Prakarn PCL's Average Total Inventories for the three months ended in Dec. 2023 was ฿2.0 Mil. Akkhie Prakarn PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿70.7 Mil. Hence, Akkhie Prakarn PCL's Days Inventory for the three months ended in Dec. 2023 was 2.63.

The historical rank and industry rank for Akkhie Prakarn PCL's Days Inventory or its related term are showing as below:

BKK:AKP' s Days Inventory Range Over the Past 10 Years
Min: 0.77 Med: 1.22 Max: 1.67
Current: 1.67

During the past 13 years, Akkhie Prakarn PCL's highest Days Inventory was 1.67. The lowest was 0.77. And the median was 1.22.

BKK:AKP's Days Inventory is ranked better than
92.89% of 211 companies
in the Waste Management industry
Industry Median: 23.54 vs BKK:AKP: 1.67

Akkhie Prakarn PCL's Days Inventory increased from Dec. 2022 (0.71) to Dec. 2023 (2.63). It might indicate that Akkhie Prakarn PCL's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Akkhie Prakarn PCL's Inventory Turnover for the three months ended in Dec. 2023 was 34.72.

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. Akkhie Prakarn PCL's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.

Akkhie Prakarn PCL Days Inventory Historical Data

The historical data trend for Akkhie Prakarn PCL'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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Akkhie Prakarn PCL Days Inventory Chart

Akkhie Prakarn PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.77

1.67

Akkhie Prakarn PCL 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															0.71	0.78	-	-	2.63

Competitive Comparison of Akkhie Prakarn PCL's Days Inventory

For the Waste Management subindustry, Akkhie Prakarn PCL'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.

Akkhie Prakarn PCL's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Akkhie Prakarn PCL's Days Inventory distribution charts can be found below:

* The bar in red indicates where Akkhie Prakarn PCL's Days Inventory falls into.

Akkhie Prakarn PCL Days Inventory Calculation

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

Akkhie Prakarn PCL'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
=	( (0.623	+	2.036)	/	2 )	/	290.471	*	365
=	1.3295					/	290.471	*	365
=	1.67

Akkhie Prakarn PCL'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
=	( (0	+	2.036)	/	1 )	/	70.69	*	365 / 4
=	2.036					/	70.69	*	365 / 4
=	2.63

Akkhie Prakarn PCL (BKK:AKP) 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.

Akkhie Prakarn PCL's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	70.69	/	2.036
	=	34.72

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.

Akkhie Prakarn PCL's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.036	/	98.854
	=	0.02

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.

Akkhie Prakarn PCL Days Inventory Related Terms

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

Akkhie Prakarn PCL (BKK:AKP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Akkhie Prakarn PCL (BKK:AKP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

792 Moo 2 Soi 1C/1, Sukhumwit Road, Bang Poo Industrial Estate, Samutprakarn, THA, 10280

Website

http://www.akkhie.com

Akkhie Prakarn PCL is a Thailand based company involved in the waste management business sector. The Company is engaged in providing services on incinerating and destroying industrial wastes, sewage and unused materials, including the improving of quality of industrial wastes, sewage and unused materials to recycle them to substituted energy and raw materials. The company operates in Thailand.