Tiong Woon Holding (SGX:BQM) Days Inventory : 12.09 (As of Dec. 2023)

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What is Tiong Woon Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tiong Woon Holding's Average Total Inventories for the six months ended in Dec. 2023 was S$2.8 Mil. Tiong Woon Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was S$42.4 Mil. Hence, Tiong Woon Holding's Days Inventory for the six months ended in Dec. 2023 was 12.09.

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

SGX:BQM' s Days Inventory Range Over the Past 10 Years
Min: 5.98 Med: 9.99 Max: 18.68
Current: 10.76

During the past 13 years, Tiong Woon Holding's highest Days Inventory was 18.68. The lowest was 5.98. And the median was 9.99.

SGX:BQM's Days Inventory is ranked better than
67.75% of 679 companies
in the Business Services industry
Industry Median: 29.77 vs SGX:BQM: 10.76

Tiong Woon Holding's Days Inventory increased from Dec. 2022 (10.14) to Dec. 2023 (12.09). It might indicate that Tiong Woon Holding's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tiong Woon Holding's Inventory Turnover for the six months ended in Dec. 2023 was 15.10.

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. Tiong Woon Holding's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.04.

Tiong Woon Holding Days Inventory Historical Data

The historical data trend for Tiong Woon Holding'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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Tiong Woon Holding Days Inventory Chart

Tiong Woon Holding Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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9.26

11.07

10.45

10.02

9.96

Tiong Woon Holding 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															10.27	10.11	10.14	9.02	12.09

Competitive Comparison of Tiong Woon Holding's Days Inventory

For the Rental & Leasing Services subindustry, Tiong Woon Holding'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.

Tiong Woon Holding's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Tiong Woon Holding's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tiong Woon Holding's Days Inventory falls into.

Tiong Woon Holding Days Inventory Calculation

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

Tiong Woon Holding'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
=	( (2.128	+	2.329)	/	2 )	/	81.665	*	365
=	2.2285					/	81.665	*	365
=	9.96

Tiong Woon Holding'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
=	( (2.329	+	3.285)	/	2 )	/	42.38	*	365 / 2
=	2.807					/	42.38	*	365 / 2
=	12.09

Tiong Woon Holding (SGX:BQM) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.38	/	2.807
	=	15.10

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.807	/	75.255
	=	0.04

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.

Tiong Woon Holding Days Inventory Related Terms

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Tiong Woon Holding (SGX:BQM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Tiong Woon Corp Holding Ltd (SGX:BQM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15 Pandan Crescent, Singapore, SGP, 128470

Website

http://www.tiongwoon.com

Tiong Woon Corp Holding Ltd is a company engaged in providing integrated specialist services. It also manages turnkey projects from planning to the execution stage. The company operates in three segments. The heavy Lift and Haulage segment, which is the key revenue driver, comprises a wide range of reliable services in Marine Transportation; Marine Transportation comprises the provision of tug and barge services for a wide range of sea transportation projects; The Trading segment comprises trading of new and used equipment. Its revenue comes from the Singapore market, while it has a presence in the Middle East, India, Malaysia, and other countries.

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