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Tai Sin Electric (SGX:500) Days Inventory : 112.94 (As of Dec. 2023)


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What is Tai Sin Electric Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tai Sin Electric's Average Total Inventories for the six months ended in Dec. 2023 was S$101.1 Mil. Tai Sin Electric's Cost of Goods Sold for the six months ended in Dec. 2023 was S$163.4 Mil. Hence, Tai Sin Electric's Days Inventory for the six months ended in Dec. 2023 was 112.94.

The historical rank and industry rank for Tai Sin Electric's Days Inventory or its related term are showing as below:

SGX:500' s Days Inventory Range Over the Past 10 Years
Min: 84.95   Med: 100.36   Max: 116.98
Current: 116.98

During the past 13 years, Tai Sin Electric's highest Days Inventory was 116.98. The lowest was 84.95. And the median was 100.36.

SGX:500's Days Inventory is ranked better than
51.67% of 2909 companies
in the Industrial Products industry
Industry Median: 120.85 vs SGX:500: 116.98

Tai Sin Electric's Days Inventory increased from Dec. 2022 (97.71) to Dec. 2023 (112.94). It might indicate that Tai Sin Electric's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tai Sin Electric's Inventory Turnover for the six months ended in Dec. 2023 was 1.62.

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. Tai Sin Electric's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.52.


Tai Sin Electric Days Inventory Historical Data

The historical data trend for Tai Sin Electric'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.

Tai Sin Electric Days Inventory Chart

Tai Sin Electric Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 88.64 115.70 105.68 103.00 102.78

Tai Sin Electric Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 99.90 109.71 97.71 119.54 112.94

Competitive Comparison of Tai Sin Electric's Days Inventory

For the Electrical Equipment & Parts subindustry, Tai Sin Electric'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.


Tai Sin Electric's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tai Sin Electric's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tai Sin Electric's Days Inventory falls into.



Tai Sin Electric Days Inventory Calculation

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

Tai Sin Electric'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
=( (98.809 + 101.168) / 2 ) / 355.072*365
=99.9885 / 355.072*365
=102.78

Tai Sin Electric'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
=( (101.168 + 101.124) / 2 ) / 163.436*365 / 2
=101.146 / 163.436*365 / 2
=112.94

* 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.


Tai Sin Electric  (SGX:500) 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.

Tai Sin Electric's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

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.

Tai Sin Electric's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

* 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.


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.


Tai Sin Electric Days Inventory Related Terms

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


Tai Sin Electric (SGX:500) Business Description

Traded in Other Exchanges
N/A
Address
24 Gul Crescent, Jurong Town, Singapore, SGP, 629531
Tai Sin Electric Ltd is engaged in the manufacturing and distribution of cable and wire products. The company's business segments are Cable and Wire, Electrical Material Distribution, Switchboard and Test and Inspection, with maximum revenue from the Cable and wire segment. The products of the company include fire-resistant cables, molded circuit breakers, safety sensors and personal protection equipment.

Tai Sin Electric (SGX:500) Headlines

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