Abundante (SGX:570) Days Inventory : 27.53 (As of Aug. 2023)

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What is Abundante Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Abundante's Average Total Inventories for the six months ended in Aug. 2023 was S$0.46 Mil. Abundante's Cost of Goods Sold for the six months ended in Aug. 2023 was S$3.05 Mil. Hence, Abundante's Days Inventory for the six months ended in Aug. 2023 was 27.53.

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

SGX:570' s Days Inventory Range Over the Past 10 Years
Min: 16.37 Med: 30.13 Max: 44.44
Current: 29.77

During the past 13 years, Abundante's highest Days Inventory was 44.44. The lowest was 16.37. And the median was 30.13.

SGX:570's Days Inventory is not ranked
in the Business Services industry.
Industry Median: 30.305 vs SGX:570: 29.77

Abundante's Days Inventory declined from Aug. 2022 (35.30) to Aug. 2023 (27.53).

Inventory Turnover measures how fast the company turns over its inventory within a year. Abundante's Inventory Turnover for the six months ended in Aug. 2023 was 6.63.

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. Abundante's Inventory-to-Revenue for the six months ended in Aug. 2023 was 0.11.

Abundante Days Inventory Historical Data

The historical data trend for Abundante'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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Abundante Days Inventory Chart

Abundante Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Inventory

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30.96

30.04

44.44

41.19

30.22

Abundante Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Days Inventory	Get a 7-Day Free Trial															40.44	39.32	35.30	29.37	27.53

Competitive Comparison of Abundante's Days Inventory

For the Rental & Leasing Services subindustry, Abundante'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.

Abundante's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Abundante's Days Inventory distribution charts can be found below:

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

Abundante Days Inventory Calculation

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

Abundante's Days Inventory for the fiscal year that ended in Feb. 2023 is calculated as

	Days Inventory (A: Feb. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (0.632	+	0.418)	/	2 )	/	6.342	*	365
=	0.525					/	6.342	*	365
=	30.22

Abundante's Days Inventory for the quarter that ended in Aug. 2023 is calculated as:

	Days Inventory (Q: Aug. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (0.418	+	0.502)	/	2 )	/	3.049	*	365 / 2
=	0.46					/	3.049	*	365 / 2
=	27.53

Abundante (SGX:570) 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.

Abundante's Inventory Turnover for the six months ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.049	/	0.46
	=	6.63

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.

Abundante's Inventory to Revenue for the six months ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.46	/	4.099
	=	0.11

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.

Abundante Days Inventory Related Terms

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

Abundante (SGX:570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Abundante Ltd (SGX:570) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

160 Paya Lebar Road, No. 07-09 Orion, Singapore, SGP, 409022

Website

https://www.tmcltd.com.sg

Abundante Ltd formerly Transit-Mixed Concrete Ltd is an investment holding company. It is mainly engaged in the business of supplying, concrete pumping services, and liquid waste management. It operates through two business segments, The Concrete Pumping Services segment is involved in the rental of concrete pumping services, and the Waste Management segment is engaged in the provision of waste management services including sewer pipeline inspection with a video camera. It derives income through its concrete pumping services which account for its revenues through its operations in Singapore.

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