Petronas Chemicals Group Bhd (XKLS:5183) Days Inventory : 55.67 (As of Dec. 2023)

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What is Petronas Chemicals Group Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Petronas Chemicals Group Bhd's Average Total Inventories for the three months ended in Dec. 2023 was RM3,805 Mil. Petronas Chemicals Group Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM6,236 Mil. Hence, Petronas Chemicals Group Bhd's Days Inventory for the three months ended in Dec. 2023 was 55.67.

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

XKLS:5183' s Days Inventory Range Over the Past 10 Years
Min: 43.91 Med: 51.42 Max: 59.59
Current: 56.14

During the past 13 years, Petronas Chemicals Group Bhd's highest Days Inventory was 59.59. The lowest was 43.91. And the median was 51.42.

XKLS:5183's Days Inventory is ranked better than
71.62% of 1494 companies
in the Chemicals industry
Industry Median: 83.765 vs XKLS:5183: 56.14

Petronas Chemicals Group Bhd's Days Inventory increased from Dec. 2022 (41.67) to Dec. 2023 (55.67). It might indicate that Petronas Chemicals Group Bhd's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Petronas Chemicals Group Bhd's Inventory Turnover for the three months ended in Dec. 2023 was 1.64.

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. Petronas Chemicals Group Bhd's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.53.

Petronas Chemicals Group Bhd Days Inventory Historical Data

The historical data trend for Petronas Chemicals Group 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.

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Petronas Chemicals Group Bhd Days Inventory Chart

Petronas Chemicals Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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51.41

58.34

50.78

51.11

55.27

Petronas Chemicals Group 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															41.67	52.08	56.18	62.08	55.67

Competitive Comparison of Petronas Chemicals Group Bhd's Days Inventory

For the Chemicals subindustry, Petronas Chemicals Group 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.

Petronas Chemicals Group Bhd's Days Inventory Distribution in the Chemicals Industry

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

* The bar in red indicates where Petronas Chemicals Group Bhd's Days Inventory falls into.

Petronas Chemicals Group Bhd Days Inventory Calculation

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

Petronas Chemicals Group 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
=	( (3465	+	3767)	/	2 )	/	23882	*	365
=	3616					/	23882	*	365
=	55.27

Petronas Chemicals Group 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
=	( (3842	+	3767)	/	2 )	/	6236	*	365 / 4
=	3804.5					/	6236	*	365 / 4
=	55.67

Petronas Chemicals Group Bhd (XKLS:5183) 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.

Petronas Chemicals Group Bhd's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6236	/	3804.5
	=	1.64

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.

Petronas Chemicals Group Bhd's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3804.5	/	7213
	=	0.53

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.

Petronas Chemicals Group Bhd Days Inventory Related Terms

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

Petronas Chemicals Group Bhd (XKLS:5183) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Petronas Chemicals Group Bhd (XKLS:5183) » Definitions » Days Inventory

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PECGF:USA

Address

Tower 1, Petronas Twin Towers, Kuala Lumpur City Centre, Kuala Lumpur, SGR, MYS, 50088

Website

http://www.petronaschemicals.com

Petronas Chemicals Group Bhd manufactures and sells a variety of petrochemicals. The firm organizes itself into three segments based on product type: Olefins and Derivatives; Fertilizers and Methanol and Specialties. The Olefins and Derivatives segment, which generates the majority of revenue, sells chemicals used in the production of acrylic acids, antifreeze, printing ink, dyes, gas treating solvents, personal care products, and plastics used in packaging films, wires, cables, and ducting. The Fertilizers and Methanol segment sells chemicals used in gasoline additives, plastic resins, ammonia, and fertilizers. The majority of revenue comes from Malaysia.

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