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Steel Hawk Bhd (XKLS:03049) Days Inventory : 3.85 (As of Dec. 2023)


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What is Steel Hawk Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Steel Hawk Bhd's Average Total Inventories for the six months ended in Dec. 2023 was RM0.60 Mil. Steel Hawk Bhd's Cost of Goods Sold for the six months ended in Dec. 2023 was RM28.27 Mil. Hence, Steel Hawk Bhd's Days Inventory for the six months ended in Dec. 2023 was 3.85.

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

XKLS:03049' s Days Inventory Range Over the Past 10 Years
Min: 1.91   Med: 9.2   Max: 30.61
Current: 3.18

During the past 5 years, Steel Hawk Bhd's highest Days Inventory was 30.61. The lowest was 1.91. And the median was 9.20.

XKLS:03049's Days Inventory is not ranked
in the Oil & Gas industry.
Industry Median: 31.185 vs XKLS:03049: 3.18

Steel Hawk Bhd's Days Inventory increased from Dec. 2022 (1.58) to Dec. 2023 (3.85). It might indicate that Steel Hawk Bhd's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Steel Hawk Bhd's Inventory Turnover for the six months ended in Dec. 2023 was 47.36.

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. Steel Hawk Bhd's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.01.

Steel Hawk Bhd Days Inventory Historical Data

The historical data trend for Steel Hawk Bhd'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.

Steel Hawk Bhd Days Inventory Chart

Steel Hawk Bhd Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
30.61 28.08 9.20 1.91 2.56

Steel Hawk Bhd Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only 8.67 3.86 1.58 3.05 3.85

Competitive Comparison of Steel Hawk Bhd's Days Inventory

For the Oil & Gas Midstream subindustry, Steel Hawk Bhd'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.

Steel Hawk Bhd's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Steel Hawk Bhd's Days Inventory distribution charts can be found below:

* The bar in red indicates where Steel Hawk Bhd's Days Inventory falls into.


Steel Hawk Bhd Days Inventory Calculation

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

Steel Hawk Bhd's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (0.158 + 0.568) / 2 ) / 51.704*365
=0.363 / 51.704*365
=2.56

Steel Hawk Bhd'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
=( (0.626 + 0.568) / 2 ) / 28.273*365 / 2
=0.597 / 28.273*365 / 2
=3.85

* 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.

Steel Hawk Bhd  (XKLS:03049) 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.

Steel Hawk Bhd's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=28.273 / 0.597
=47.36

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.

Steel Hawk Bhd's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.597 / 40.362
=0.01

* 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.

Steel Hawk Bhd Days Inventory Related Terms

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

Steel Hawk Bhd (XKLS:03049) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Steel Hawk Bhd (XKLS:03049) » Definitions » Days Inventory
Comparable Companies
Traded in Other Exchanges
N/A
Address
Dataran Prima, Jalan PJU 1/37, 23-2 & 25-2, Block H, Petaling Jaya, SGR, MYS, 47301
Website
https://www.steelhawk.com.my
Steel Hawk Bhd is engaged in providing technical and engineering support services in the Oil and Gas Industry in Malaysia. It specializes in engineering, scheduled/work pack development, procurement, structural/piping fabrication, electrical/instrumentation installation, pre-commissioning and commissioning and various pipeline maintenance activities.

Steel Hawk Bhd (XKLS:03049) Headlines

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