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Abundance International (SGX:541) Days Inventory : 7.46 (As of Jun. 2023)


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What is Abundance International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Abundance International's Average Total Inventories for the six months ended in Jun. 2023 was S$15.2 Mil. Abundance International's Cost of Goods Sold for the six months ended in Jun. 2023 was S$371.1 Mil. Hence, Abundance International's Days Inventory for the six months ended in Jun. 2023 was 7.46.

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

SGX:541' s Days Inventory Range Over the Past 10 Years
Min: 6.56   Med: 15.74   Max: 225.16
Current: 9.03

During the past 13 years, Abundance International's highest Days Inventory was 225.16. The lowest was 6.56. And the median was 15.74.

SGX:541's Days Inventory is ranked better than
98.86% of 1491 companies
in the Chemicals industry
Industry Median: 82.8 vs SGX:541: 9.03

Abundance International's Days Inventory declined from Jun. 2022 (9.39) to Jun. 2023 (7.46).

Inventory Turnover measures how fast the company turns over its inventory within a year. Abundance International's Inventory Turnover for the six months ended in Jun. 2023 was 24.46.

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. Abundance International's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.04.


Abundance International Days Inventory Historical Data

The historical data trend for Abundance International'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.

Abundance International Days Inventory Chart

Abundance International Annual Data
Trend Sep12 Sep13 Sep14 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.78 15.93 15.54 7.71 7.95

Abundance International Semi-Annual Data
Mar13 Sep13 Mar14 Sep14 Mar15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.60 8.83 9.39 9.69 7.46

Competitive Comparison of Abundance International's Days Inventory

For the Chemicals subindustry, Abundance International'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.


Abundance International's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Abundance International's Days Inventory distribution charts can be found below:

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



Abundance International Days Inventory Calculation

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

Abundance International'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
=( (18.103 + 13.86) / 2 ) / 734.024*365
=15.9815 / 734.024*365
=7.95

Abundance International's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

Days Inventory (Q: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (13.86 + 16.484) / 2 ) / 371.098*365 / 2
=15.172 / 371.098*365 / 2
=7.46

* 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.


Abundance International  (SGX:541) 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.

Abundance International's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

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.

Abundance International's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

* 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.


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.


Abundance International Days Inventory Related Terms

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


Abundance International (SGX:541) Business Description

Traded in Other Exchanges
N/A
Address
9 Joo Koon Circle, Singapore, SGP, 629041
Abundance International Ltd is engaged in the chemical manufacturing and trading of equipment, accessories, consumables, or peripherals used in the chemical industry and other related businesses. In addition, it is also investing in companies and other entities through equity, securities, and other instruments. It is organized into the following reportable operating segments, Chemicals, Printing, and Investment segment. The company derives the maximum revenue from the Chemicals segment. Its primary geographic markets are China and other countries in Asia of which China contributes most of the total revenue.

Abundance International (SGX:541) Headlines

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