Aedge Group (SGX:XVG) Days Inventory : 10.51 (As of Dec. 2023)

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What is Aedge Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Aedge Group's Average Total Inventories for the six months ended in Dec. 2023 was S$0.60 Mil. Aedge Group's Cost of Goods Sold for the six months ended in Dec. 2023 was S$10.38 Mil. Hence, Aedge Group's Days Inventory for the six months ended in Dec. 2023 was 10.51.

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

SGX:XVG' s Days Inventory Range Over the Past 10 Years
Min: 4.05 Med: 6.45 Max: 9.31
Current: 9.31

During the past 6 years, Aedge Group's highest Days Inventory was 9.31. The lowest was 4.05. And the median was 6.45.

SGX:XVG's Days Inventory is ranked better than
69.9% of 681 companies
in the Business Services industry
Industry Median: 28.55 vs SGX:XVG: 9.31

Aedge Group's Days Inventory increased from Dec. 2022 (7.72) to Dec. 2023 (10.51). It might indicate that Aedge Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aedge Group's Inventory Turnover for the six months ended in Dec. 2023 was 17.37.

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. Aedge Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.05.

Aedge Group Days Inventory Historical Data

The historical data trend for Aedge 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.

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Aedge Group Days Inventory Chart

Aedge Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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4.05

5.69

7.20

8.37

Aedge Group Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial						6.70	7.29	7.72	8.78	10.51

Competitive Comparison of Aedge Group's Days Inventory

For the Security & Protection Services subindustry, Aedge 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.

Aedge Group's Days Inventory Distribution in the Business Services Industry

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

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

Aedge Group Days Inventory Calculation

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

Aedge 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
=	( (0.472	+	0.643)	/	2 )	/	24.315	*	365
=	0.5575					/	24.315	*	365
=	8.37

Aedge 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
=	( (0.643	+	0.552)	/	2 )	/	10.378	*	365 / 2
=	0.5975					/	10.378	*	365 / 2
=	10.51

Aedge Group (SGX:XVG) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10.378	/	0.5975
	=	17.37

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.5975	/	11.33
	=	0.05

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.

Aedge Group Days Inventory Related Terms

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

Aedge Group (SGX:XVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aedge Group Ltd (SGX:XVG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4009 Ang Mo Kio Avenue 10, No. 04-33 Techplace 1, Singapore, SGP, 569738

Website

https://www.aedge.com.sg

Aedge Group Ltd is a Singapore-based multi-services provider, focusing on three principal services, namely engineering services, security and manpower services and transport services. The company generates maximum revenue from Security and manpower services which include security services, including security guarding services and security systems integration; cleaning services; and manpower services, including manpower staffing, recruitment and placement services.

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