AVADA Group (ASX:AVD) Days Inventory : 0.00 (As of Dec. 2023)

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What is AVADA Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AVADA Group's Average Total Inventories for the six months ended in Dec. 2023 was A$0.0 Mil. AVADA Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$10.9 Mil. Hence, AVADA Group's Days Inventory for the six months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for AVADA Group's Days Inventory or its related term are showing as below:

During the past 3 years, AVADA Group's highest Days Inventory was 0.18. The lowest was 0.18. And the median was 0.18.

ASX:AVD's Days Inventory is not ranked ^*
in the Construction industry.
Industry Median: 48.55
* Ranked among companies with meaningful Days Inventory only.

AVADA Group's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

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

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. AVADA Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

AVADA Group Days Inventory Historical Data

The historical data trend for AVADA Group'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.

* Premium members only.

AVADA Group Days Inventory Chart

AVADA Group Annual Data

Trend

Jun21

Jun22

Jun23

Days Inventory

0.18

AVADA Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	-	-	-	-	-

Competitive Comparison of AVADA Group's Days Inventory

For the Infrastructure Operations subindustry, AVADA Group'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.

AVADA Group's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, AVADA Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where AVADA Group's Days Inventory falls into.

AVADA Group Days Inventory Calculation

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

AVADA Group'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
=	( (0	+	0)	/	1 )	/	20.492	*	365
=	0					/	20.492	*	365
=	0.00

AVADA Group'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
=	( (0	+	0)	/	1 )	/	10.878	*	365 / 2
=	0					/	10.878	*	365 / 2
=	0.00

AVADA Group (ASX:AVD) 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.

AVADA Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10.878	/	0
	=

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.

AVADA Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	101.633
	=	0.00

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.

AVADA Group Days Inventory Related Terms

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AVADA Group (ASX:AVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AVADA Group Ltd (ASX:AVD) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

116 Ipswich Road, Suite 1, Level 2, Woolloongabba, QLD, AUS, 4102

Website

https://www.avadagroup.com.au

AVADA Group Ltd is an Australian traffic management operator and ancillary service provider with an established network throughout Queensland and New South Wales. The group has two reportable segments: Queensland Traffic Management and New South Wales Traffic Management. Queensland Traffic Management is the key revenue generator for the group. It provides services to government clients and major contractors in the civil infrastructure and maintenance sector.