Asia Enterprises Holding (SGX:A55) Change In Inventory : S$6.95 Mil (TTM As of Dec. 2023)

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What is Asia Enterprises Holding Change In Inventory?

Asia Enterprises Holding's change in inventory for the quarter that ended in Dec. 2023 was S$3.93 Mil. It means Asia Enterprises Holding's inventory declined by S$3.93 Mil from Jun. 2023 to Dec. 2023 .

Asia Enterprises Holding's change in inventory for the fiscal year that ended in Dec. 2023 was S$6.95 Mil. It means Asia Enterprises Holding's inventory declined by S$6.95 Mil from Dec. 2022 to Dec. 2023 .

Asia Enterprises Holding's Total Inventories for the quarter that ended in Dec. 2023 was S$26.76 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asia Enterprises Holding's Days Inventory for the quarter that ended in Dec. 2023 was 198.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. Asia Enterprises Holding's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.92.

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. Asia Enterprises Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.88.

Asia Enterprises Holding Change In Inventory Historical Data

The historical data trend for Asia Enterprises Holding's Change In 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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Asia Enterprises Holding Change In Inventory Chart

Asia Enterprises Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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2.61

1.91

-10.30

-11.17

6.95

Asia Enterprises Holding Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-9.77	0.32	-11.49	3.01	3.93

Asia Enterprises Holding Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$6.95 Mil.

Asia Enterprises Holding (SGX:A55) Change In Inventory Explanation

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

Asia Enterprises Holding's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	28.96	/	26.65	*	365 / 2
	=	198.32

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Asia Enterprises Holding's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	26.65	/	28.96
	=	0.92

3. 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.

Asia Enterprises Holding's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	28.96	/	32.872
	=	0.88

Asia Enterprises Holding Change In Inventory Related Terms

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Asia Enterprises Holding (SGX:A55) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Asia Enterprises Holding Ltd (SGX:A55) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Pioneer Sector Walk, Singapore, SGP, 627897

Website

http://www.asiaenterprises.com.sg

Asia Enterprises Holding Ltd is an investment holding firm. It's in the distribution of steel products to marine and Offshore Industries. The company operates through three segments namely, Steel distribution comprises of procuring, distributing, and trading of steel products; the Provision of steel processing segment is involved in the processing of steel materials for sale and the corporate segment is engaged in investment and management activities. Most of its revenue is earned from the Steel distribution segment. Geographically, it derives majority revenue from the Singapore market, while it also has a presence in Indonesia, Malaysia, and other countries.

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