Aveng (JSE:AEG) Days Inventory : 2.65 (As of Dec. 2023)

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What is Aveng Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Aveng's Average Total Inventories for the six months ended in Dec. 2023 was R260 Mil. Aveng's Cost of Goods Sold for the six months ended in Dec. 2023 was R17,920 Mil. Hence, Aveng's Days Inventory for the six months ended in Dec. 2023 was 2.65.

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

JSE:AEG' s Days Inventory Range Over the Past 10 Years
Min: 2.69 Med: 18.7 Max: 30.01
Current: 2.69

During the past 13 years, Aveng's highest Days Inventory was 30.01. The lowest was 2.69. And the median was 18.70.

JSE:AEG's Days Inventory is ranked better than
90.32% of 1395 companies
in the Construction industry
Industry Median: 48.75 vs JSE:AEG: 2.69

Aveng's Days Inventory declined from Dec. 2022 (9.55) to Dec. 2023 (2.65).

Inventory Turnover measures how fast the company turns over its inventory within a year. Aveng's Inventory Turnover for the six months ended in Dec. 2023 was 68.98.

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. Aveng's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.01.

Aveng Days Inventory Historical Data

The historical data trend for Aveng'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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Aveng Days Inventory Chart

Aveng Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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16.34

3.72

3.07

10.88

8.17

Aveng Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															11.78	18.49	9.55	2.84	2.65

Competitive Comparison of Aveng's Days Inventory

For the Engineering & Construction subindustry, Aveng'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.

Aveng's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Aveng's Days Inventory distribution charts can be found below:

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

Aveng Days Inventory Calculation

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

Aveng's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1022.724	+	265.157)	/	2 )	/	28764.185	*	365
=	643.9405					/	28764.185	*	365
=	8.17

Aveng'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
=	( (265.157	+	254.386)	/	2 )	/	17919.777	*	365 / 2
=	259.7715					/	17919.777	*	365 / 2
=	2.65

Aveng (JSE:AEG) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	17919.777	/	259.7715
	=	68.98

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	259.7715	/	18966.756
	=	0.01

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.

Aveng Days Inventory Related Terms

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

Aveng (JSE:AEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Aveng Ltd (JSE:AEG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

UG8K:Germany

Address

10 The High Street, 3rd Floor, Melrose Arch, Johannesburg, GT, ZAF, 2076

Website

https://www.aveng.co.za

Aveng Ltd is in the construction and engineering business. It has the following segments. The Construction and Engineering segment specializes in the construction and maintenance of tunnels and pipelines, construction and Engineering: South Africa and rest of Africa; and mineral construction. It comprises McConnell Dowell and is divided into Australia, New Zealand, and Pacific, Built Environs, and Southeast Asia. The Mining segment comprises Moolmans and operates in the open cut and underground mining sectors. Construction and Engineering South Africa segment, Other and Eliminations segment comprises corporate services, Africa construction, corporate held investments, including properties and consolidation eliminations, and Manufacturing and Processing segment.