Advanced Holdings (SGX:BLZ) Days Inventory : 5.66 (As of Dec. 2023)

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What is Advanced Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Advanced Holdings's Average Total Inventories for the six months ended in Dec. 2023 was S$0.16 Mil. Advanced Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was S$5.00 Mil. Hence, Advanced Holdings's Days Inventory for the six months ended in Dec. 2023 was 5.66.

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

SGX:BLZ' s Days Inventory Range Over the Past 10 Years
Min: 7.68 Med: 59.04 Max: 512.22
Current: 7.97

During the past 13 years, Advanced Holdings's highest Days Inventory was 512.22. The lowest was 7.68. And the median was 59.04.

SGX:BLZ's Days Inventory is ranked better than
83.38% of 728 companies
in the Oil & Gas industry
Industry Median: 31.185 vs SGX:BLZ: 7.97

Advanced Holdings's Days Inventory declined from Dec. 2022 (573.82) to Dec. 2023 (5.66).

Inventory Turnover measures how fast the company turns over its inventory within a year. Advanced Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 32.26.

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. Advanced Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.03.

Advanced Holdings Days Inventory Historical Data

The historical data trend for Advanced Holdings'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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Advanced Holdings Days Inventory Chart

Advanced Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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36.91

55.43

512.22

185.99

7.68

Advanced Holdings 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															-	325.08	573.82	12.96	5.66

Competitive Comparison of Advanced Holdings's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Advanced Holdings'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.

Advanced Holdings's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Advanced Holdings's Days Inventory distribution charts can be found below:

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

Advanced Holdings Days Inventory Calculation

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

Advanced Holdings'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
=	( (0.183	+	0.134)	/	2 )	/	7.529	*	365
=	0.1585					/	7.529	*	365
=	7.68

Advanced Holdings'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
=	( (0.176	+	0.134)	/	2 )	/	5.001	*	365 / 2
=	0.155					/	5.001	*	365 / 2
=	5.66

Advanced Holdings (SGX:BLZ) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.001	/	0.155
	=	32.26

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.155	/	5.683
	=	0.03

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.

Advanced Holdings Days Inventory Related Terms

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

Advanced Holdings (SGX:BLZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Advanced Holdings Ltd (SGX:BLZ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Woodlands Loop, Singapore, SGP, 738319

Website

https://www.advancedholdings.com

Advanced Holdings Ltd is a Singapore based investment holding company. It designs, manufactures, markets and supplies products and solutions to the oil and gas, chemicals and petrochemicals, iron and steel, and other industries. It has two key business divisions: Engineering services and equipment; and Clean Technologies. Geographically, it operates in China, the United States, Kazakhstan, Singapore, Europe, Middle East, Malaysia, Indonesia, and other Asian countries. The company derives most of its revenue from China, followed by the United States and Kazakhstan.

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