Advancecon Holdings Bhd (XKLS:5281) Days Inventory : 7.45 (As of Dec. 2023)

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What is Advancecon Holdings Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Advancecon Holdings Bhd's Average Total Inventories for the three months ended in Dec. 2023 was RM9.9 Mil. Advancecon Holdings Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM120.8 Mil. Hence, Advancecon Holdings Bhd's Days Inventory for the three months ended in Dec. 2023 was 7.45.

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

XKLS:5281' s Days Inventory Range Over the Past 10 Years
Min: 8.32 Med: 10.68 Max: 11.52
Current: 8.32

During the past 8 years, Advancecon Holdings Bhd's highest Days Inventory was 11.52. The lowest was 8.32. And the median was 10.68.

XKLS:5281's Days Inventory is ranked better than
80.14% of 1395 companies
in the Construction industry
Industry Median: 48.75 vs XKLS:5281: 8.32

Advancecon Holdings Bhd's Days Inventory declined from Dec. 2022 (12.26) to Dec. 2023 (7.45).

Inventory Turnover measures how fast the company turns over its inventory within a year. Advancecon Holdings Bhd's Inventory Turnover for the three months ended in Dec. 2023 was 12.24.

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. Advancecon Holdings Bhd's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.10.

Advancecon Holdings Bhd Days Inventory Historical Data

The historical data trend for Advancecon Holdings 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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Advancecon Holdings Bhd Days Inventory Chart

Advancecon Holdings Bhd Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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11.52

9.83

Advancecon Holdings 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															12.26	9.98	7.70	6.81	7.45

Competitive Comparison of Advancecon Holdings Bhd's Days Inventory

For the Engineering & Construction subindustry, Advancecon Holdings 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.

Advancecon Holdings Bhd's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Advancecon Holdings Bhd's Days Inventory distribution charts can be found below:

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

Advancecon Holdings Bhd Days Inventory Calculation

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

Advancecon Holdings 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
=	( (13.126	+	11.068)	/	2 )	/	449.397	*	365
=	12.097					/	449.397	*	365
=	9.83

Advancecon Holdings 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
=	( (8.664	+	11.068)	/	2 )	/	120.801	*	365 / 4
=	9.866					/	120.801	*	365 / 4
=	7.45

Advancecon Holdings Bhd (XKLS:5281) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	120.801	/	9.866
	=	12.24

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9.866	/	96.664
	=	0.10

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.

Advancecon Holdings Bhd Days Inventory Related Terms

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

Advancecon Holdings Bhd (XKLS:5281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Advancecon Holdings Bhd (XKLS:5281) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 16, 18 & 20, Jalan Pekaka 8/3, Seksyen 8, Kota Damansara, Petaling Jaya, SGR, MYS, 47810

Website

https://www.advancecon.com.my

Advancecon Holdings Bhd is a construction company. It is involved in the provision of earthworks and civil engineering services, which is a sub-sector of the construction industry in Malaysia. The group's wide range of earthworks services encompasses site clearing, excavation and fill, soil investigation, rock blasting works and embankment construction. The company has following reportable segments: Construction and Support Services and Property Investments, Green Energy and Quarry Operations, Centralised Labour Quarter. It derives majority of its revenue from Construction and Support Services segment. Further, it is also involved in the New Energy division, which focuses on development and/or operation of power generation from renewable energy, solar and other renewable energy projects.

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