Southern Steel Bhd (XKLS:5665) Days Inventory : 63.34 (As of Dec. 2023)

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What is Southern Steel Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Southern Steel Bhd's Average Total Inventories for the three months ended in Dec. 2023 was RM379 Mil. Southern Steel Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM546 Mil. Hence, Southern Steel Bhd's Days Inventory for the three months ended in Dec. 2023 was 63.34.

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

XKLS:5665' s Days Inventory Range Over the Past 10 Years
Min: 63.32 Med: 99.41 Max: 113.53
Current: 63.32

During the past 13 years, Southern Steel Bhd's highest Days Inventory was 113.53. The lowest was 63.32. And the median was 99.41.

XKLS:5665's Days Inventory is ranked better than
67.13% of 575 companies
in the Steel industry
Industry Median: 85.74 vs XKLS:5665: 63.32

Southern Steel Bhd's Days Inventory declined from Dec. 2022 (67.60) to Dec. 2023 (63.34).

Inventory Turnover measures how fast the company turns over its inventory within a year. Southern Steel Bhd's Inventory Turnover for the three months ended in Dec. 2023 was 1.44.

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. Southern Steel Bhd's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.67.

Southern Steel Bhd Days Inventory Historical Data

The historical data trend for Southern Steel 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.

Southern Steel Bhd Days Inventory Chart

Southern Steel Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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89.92

100.89

113.53

97.93

74.47

Southern Steel Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															67.60	62.64	68.76	63.02	63.34

Competitive Comparison of Southern Steel Bhd's Days Inventory

For the Steel subindustry, Southern Steel 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.

Southern Steel Bhd's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Southern Steel Bhd's Days Inventory distribution charts can be found below:

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

Southern Steel Bhd Days Inventory Calculation

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

Southern Steel Bhd'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
=	( (568.055	+	408.16)	/	2 )	/	2392.225	*	365
=	488.1075					/	2392.225	*	365
=	74.47

Southern Steel 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (416.528	+	341.831)	/	2 )	/	546.286	*	365 / 4
=	379.1795					/	546.286	*	365 / 4
=	63.34

Southern Steel Bhd (XKLS:5665) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	546.286	/	379.1795
	=	1.44

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	379.1795	/	566.23
	=	0.67

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.

Southern Steel Bhd Days Inventory Related Terms

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

Southern Steel Bhd (XKLS:5665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Southern Steel Bhd (XKLS:5665) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2435, Lorong Perusahaan 12, Prai Industrial Estate, Prai, PNG, MYS, 13600

Website

https://www.southsteel.com

Southern Steel Bhd is an investment holding company. The company's operating segment includes Steel products and Investment holding and others and Hot rolled coil operations. Its Steel products segment includes manufacturing, sale, and trading in billets, steel bars, wire rods, wire mesh, pre-stressed concrete strands, bars and wires, steel pipes, steel wires, and other related products. Geographically, the group has its business in the regions of Malaysia, Taiwan, Papua New Guinea , Philippines, Bangladesh, Japan, Singapore, Indonesia, the United States of America, Australian and others of which majority of the revenue is derived from the Malaysia region.

Southern Steel Bhd (XKLS:5665) Headlines

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