Days Inventory is also known as Days Sales of Inventory (DSI). Avance Gas Holding's Average Total Inventories for the
three
months ended in Dec. 2023 was $9.4 Mil. Avance Gas Holding's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $46.5 Mil.
Hence, Avance Gas Holding's Days Inventory for the
three
months ended in Dec. 2023 was 18.38.
The historical rank and industry rank for Avance Gas Holding's Days Inventory or its related term are showing as below:
AVACF'
s Days Inventory Range Over the Past 10 Years
Min: 15.61 Med: 18.01 Max: 40.77
Current: 19.32
During the past 11 years, Avance Gas Holding's highest Days Inventory was 40.77. The lowest was 15.61. And the median was 18.01.
AVACF's Days Inventory is ranked better than 64.11% of 730
companies
in the Oil & Gas industry
Industry Median: 31.555
vs AVACF: 19.32
Avance Gas Holding's Days Inventory
increased
from Dec. 2022 (13.44) to Dec. 2023 (18.38).
It might indicate that Avance Gas Holding's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Avance Gas Holding's Inventory Turnover for the
three
months ended in Dec. 2023 was 4.96.
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.
Avance Gas Holding's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.08.
Avance Gas Holding Days Inventory Historical Data
The historical data trend for Avance Gas Holding'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.
Competitive Comparison of Avance Gas Holding's Days Inventory
For the Oil & Gas Midstream subindustry, Avance Gas Holding'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.
Avance Gas Holding's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Avance Gas Holding's Days Inventory distribution charts can be found below:
* The bar in red indicates where Avance Gas Holding's Days Inventory falls into.
Avance Gas Holding Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Avance Gas Holding's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Avance Gas Holding (OTCPK:AVACF) 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.
Avance Gas Holding's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Avance Gas Holding's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
Avance Gas Holding Days Inventory Related Terms
Thank you for viewing the detailed overview of Avance Gas Holding's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Avance Gas Holding (Avance Gas Holding) Business Description
Avance Gas Holding Ltd is engaged in the transportation of liquefied petroleum gas (LPG). It owns and operates very large gas carriers (VLGCs) providing transportation services to oil majors and traders of LPG on a global basis. It operates a fleet of vessels providing customers with global transportation services through the combination of the contract of affreightments and spot market voyages. The company transports liquefied petroleum to destinations in Europe, South America, India, and Asia, mainly loading the Middle East Gulf and the United States Gulf/United States East Coast. The company operates in a single segment that is liquefied petroleum gas.
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