NCT Alliance Bhd (XKLS:0056) Days Inventory : 599.87 (As of Dec. 2023)

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What is NCT Alliance Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). NCT Alliance Bhd's Average Total Inventories for the three months ended in Dec. 2023 was RM342.3 Mil. NCT Alliance Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM52.1 Mil. Hence, NCT Alliance Bhd's Days Inventory for the three months ended in Dec. 2023 was 599.87.

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

XKLS:0056' s Days Inventory Range Over the Past 10 Years
Min: 164.59 Med: 476.08 Max: 923.66
Current: 724.48

During the past 13 years, NCT Alliance Bhd's highest Days Inventory was 923.66. The lowest was 164.59. And the median was 476.08.

XKLS:0056's Days Inventory is ranked worse than
98.33% of 1559 companies
in the Software industry
Industry Median: 19.53 vs XKLS:0056: 724.48

NCT Alliance Bhd's Days Inventory declined from Dec. 2022 (887.39) to Dec. 2023 (599.87).

Inventory Turnover measures how fast the company turns over its inventory within a year. NCT Alliance Bhd's Inventory Turnover for the three months ended in Dec. 2023 was 0.15.

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. NCT Alliance Bhd's Inventory-to-Revenue for the three months ended in Dec. 2023 was 4.20.

NCT Alliance Bhd Days Inventory Historical Data

The historical data trend for NCT Alliance Bhd'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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NCT Alliance Bhd Days Inventory Chart

NCT Alliance Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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461.29

490.86

617.15

923.66

731.94

NCT Alliance Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															887.39	974.80	935.18	557.12	599.87

Competitive Comparison of NCT Alliance Bhd's Days Inventory

For the Information Technology Services subindustry, NCT Alliance Bhd'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.

NCT Alliance Bhd's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, NCT Alliance Bhd's Days Inventory distribution charts can be found below:

* The bar in red indicates where NCT Alliance Bhd's Days Inventory falls into.

NCT Alliance Bhd Days Inventory Calculation

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

NCT Alliance Bhd'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
=	( (359.452	+	345.239)	/	2 )	/	175.707	*	365
=	352.3455					/	175.707	*	365
=	731.94

NCT Alliance Bhd'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (339.291	+	345.239)	/	2 )	/	52.064	*	365 / 4
=	342.265					/	52.064	*	365 / 4
=	599.87

NCT Alliance Bhd (XKLS:0056) 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.

NCT Alliance Bhd's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	52.064	/	342.265
	=	0.15

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.

NCT Alliance Bhd's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	342.265	/	81.454
	=	4.20

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.

NCT Alliance Bhd Days Inventory Related Terms

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

NCT Alliance Bhd (XKLS:0056) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NCT Alliance Bhd (XKLS:0056) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan BP 4/9, Menara NCT, Bandar Bukit Puchong, Puchong, SGR, MYS, 47100

Website

https://www.nctalliance.com

NCT Alliance Bhd, formerly Grand-Flo Bhd is an investment holding company, engaged in the provision of data management and collaboration solutions. The business activity of the firm is operated through Enterprise Data Collection and Collation System (EDCCS), Labels, and Property Development. It derives the majority of revenue from the EDCCS segment which involves the supply and installation of Enterprise Data Collection and Collation System and hardware, information technology solutions, computer related accessories and integrating computer system and hardwa. Geographically the business presence of the firm is seen across the region of Malaysia, Hong Kong, and China.

NCT Alliance Bhd (XKLS:0056) Headlines

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