Cuong Wood - Working JSC (STC:ACG) Days Inventory : 226.77 (As of Mar. 2024)

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What is Cuong Wood - Working JSC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cuong Wood - Working JSC's Average Total Inventories for the three months ended in Mar. 2024 was ₫1,195,357 Mil. Cuong Wood - Working JSC's Cost of Goods Sold for the three months ended in Mar. 2024 was ₫481,001 Mil. Hence, Cuong Wood - Working JSC's Days Inventory for the three months ended in Mar. 2024 was 226.77.

The historical rank and industry rank for Cuong Wood - Working JSC's Days Inventory or its related term are showing as below:

STC:ACG' s Days Inventory Range Over the Past 10 Years
Min: 144.57 Med: 165.6 Max: 191.3
Current: 183.26

During the past 5 years, Cuong Wood - Working JSC's highest Days Inventory was 191.30. The lowest was 144.57. And the median was 165.60.

STC:ACG's Days Inventory is ranked worse than
85.92% of 277 companies
in the Forest Products industry
Industry Median: 87.89 vs STC:ACG: 183.26

Cuong Wood - Working JSC's Days Inventory declined from Mar. 2023 (281.12) to Mar. 2024 (226.77).

Inventory Turnover measures how fast the company turns over its inventory within a year. Cuong Wood - Working JSC's Inventory Turnover for the three months ended in Mar. 2024 was 0.40.

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. Cuong Wood - Working JSC's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.72.

Cuong Wood - Working JSC Days Inventory Historical Data

The historical data trend for Cuong Wood - Working JSC'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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Cuong Wood - Working JSC Days Inventory Chart

Cuong Wood - Working JSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

144.57

163.64

191.30

165.60

178.85

Cuong Wood - Working JSC Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial									281.12	195.05	185.88	137.21	226.77

Competitive Comparison of Cuong Wood - Working JSC's Days Inventory

For the Lumber & Wood Production subindustry, Cuong Wood - Working JSC'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.

Cuong Wood - Working JSC's Days Inventory Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Cuong Wood - Working JSC's Days Inventory distribution charts can be found below:

* The bar in red indicates where Cuong Wood - Working JSC's Days Inventory falls into.

Cuong Wood - Working JSC Days Inventory Calculation

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

Cuong Wood - Working JSC'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
=	( (1466857.167	+	1134504.137)	/	2 )	/	2654516.189	*	365
=	1300680.652					/	2654516.189	*	365
=	178.85

Cuong Wood - Working JSC's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1134504.137	+	1256209.097)	/	2 )	/	481001.447	*	365 / 4
=	1195356.617					/	481001.447	*	365 / 4
=	226.77

Cuong Wood - Working JSC (STC:ACG) 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.

Cuong Wood - Working JSC's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	481001.447	/	1195356.617
	=	0.40

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.

Cuong Wood - Working JSC's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1195356.617	/	694977.578
	=	1.72

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.

Cuong Wood - Working JSC Days Inventory Related Terms

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Cuong Wood - Working JSC (STC:ACG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Cuong Wood - Working JSC (STC:ACG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

DT 747B Street, Plot 681, map sheet 05, Phuoc Hai Ward, Thai Hoa Ward,, Binh Duong Province,, Tan Uyen Town, VNM

Website

https://www.ancuong.com

Cuong Wood - Working JSC manufacture woodworking and decorative materials. It engages in sawing, planing and preserving wood.; Manufacture of beds, cabinets, tables, and chairs; Processing of interior decoration products; Producing plywood, veneer, plywood, and other thin boards. Its products comprise MFC, Melamine MDF, laminates, acrylic, veneer, and other by-products.

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