Allegiance Coal (ASX:AHQ) Days Inventory : 170.10 (As of Jun. 2022)

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What is Allegiance Coal Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Allegiance Coal's Average Total Inventories for the six months ended in Jun. 2022 was A$15.65 Mil. Allegiance Coal's Cost of Goods Sold for the six months ended in Jun. 2022 was A$16.79 Mil. Hence, Allegiance Coal's Days Inventory for the six months ended in Jun. 2022 was 170.10.

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

ASX:AHQ's Days Inventory is not ranked ^*
in the Steel industry.
Industry Median: 85.66
* Ranked among companies with meaningful Days Inventory only.

Allegiance Coal's Days Inventory increased from Jun. 2021 (0.00) to Jun. 2022 (170.10). It might indicate that Allegiance Coal's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Allegiance Coal's Inventory Turnover for the six months ended in Jun. 2022 was 1.07.

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. Allegiance Coal's Inventory-to-Revenue for the six months ended in Jun. 2022 was 0.24.

Allegiance Coal Days Inventory Historical Data

The historical data trend for Allegiance Coal'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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Allegiance Coal Days Inventory Chart

Allegiance Coal Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Days Inventory

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251.33

Allegiance Coal Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	170.10

Competitive Comparison of Allegiance Coal's Days Inventory

For the Coking Coal subindustry, Allegiance Coal'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.

Allegiance Coal's Days Inventory Distribution in the Steel Industry

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

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

Allegiance Coal Days Inventory Calculation

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

Allegiance Coal's Days Inventory for the fiscal year that ended in Jun. 2022 is calculated as

	Days Inventory (A: Jun. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2021 )	+	Total Inventories (A: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2022 )	*	Days in Period
=	( (1.168	+	21.957)	/	2 )	/	16.792	*	365
=	11.5625					/	16.792	*	365
=	251.33

Allegiance Coal's Days Inventory for the quarter that ended in Jun. 2022 is calculated as:

	Days Inventory (Q: Jun. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
=	( (9.344	+	21.957)	/	2 )	/	16.791	*	365 / 2
=	15.6505					/	16.791	*	365 / 2
=	170.10

Allegiance Coal (ASX:AHQ) 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.

Allegiance Coal's Inventory Turnover for the six months ended in Jun. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	16.791	/	15.6505
	=	1.07

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.

Allegiance Coal's Inventory to Revenue for the six months ended in Jun. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.6505	/	64.786
	=	0.24

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.

Allegiance Coal Days Inventory Related Terms

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

Allegiance Coal (ASX:AHQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Allegiance Coal Ltd (ASX:AHQ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

109 Pitt Street, Suite 107, Sydney, NSW, AUS, 2000

Website

https://www.allegiancecoal.com.au

Allegiance Coal Ltd is an Australia-based company engaged in the acquisition and exploration of coal tenements. The company's project includes Telkwa Metallurgical Coal, Tenas Metallurgical Coal, Back Creek Project, Black Warrior, New Elk Mine, and Kilmain Project.

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