Ava Risk Group (ASX:AVA) Days Inventory : 254.23 (As of Dec. 2023)

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What is Ava Risk Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ava Risk Group's Average Total Inventories for the six months ended in Dec. 2023 was A$7.71 Mil. Ava Risk Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$5.53 Mil. Hence, Ava Risk Group's Days Inventory for the six months ended in Dec. 2023 was 254.23.

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

ASX:AVA' s Days Inventory Range Over the Past 10 Years
Min: 38.61 Med: 173.77 Max: 248.05
Current: 241.39

During the past 9 years, Ava Risk Group's highest Days Inventory was 248.05. The lowest was 38.61. And the median was 173.77.

ASX:AVA's Days Inventory is ranked worse than
92.07% of 681 companies
in the Business Services industry
Industry Median: 28.18 vs ASX:AVA: 241.39

Ava Risk Group's Days Inventory increased from Dec. 2022 (205.30) to Dec. 2023 (254.23). It might indicate that Ava Risk Group's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ava Risk Group's Inventory Turnover for the six months ended in Dec. 2023 was 0.72.

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. Ava Risk Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.54.

Ava Risk Group Days Inventory Historical Data

The historical data trend for Ava Risk Group'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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Ava Risk Group Days Inventory Chart

Ava Risk Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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92.12

63.90

38.61

175.70

188.24

Ava Risk Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial													193.72	169.21	205.30	228.63	254.23

Competitive Comparison of Ava Risk Group's Days Inventory

For the Security & Protection Services subindustry, Ava Risk Group'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.

Ava Risk Group's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ava Risk Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ava Risk Group's Days Inventory falls into.

Ava Risk Group Days Inventory Calculation

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

Ava Risk Group'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
=	( (3.256	+	7.464)	/	2 )	/	10.393	*	365
=	5.36					/	10.393	*	365
=	188.24

Ava Risk Group'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
=	( (7.464	+	7.954)	/	2 )	/	5.534	*	365 / 2
=	7.709					/	5.534	*	365 / 2
=	254.23

Ava Risk Group (ASX:AVA) 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.

Ava Risk Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.534	/	7.709
	=	0.72

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.

Ava Risk Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.709	/	14.159
	=	0.54

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.

Ava Risk Group Days Inventory Related Terms

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

Ava Risk Group (ASX:AVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ava Risk Group Ltd (ASX:AVA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Hartnett Close, Mulgrave, VIC, AUS, 3170

Website

https://www.theavagroup.com

Ava Risk Group Ltd is engaged in risk management services and technologies. The Group operates in Detect, Access, and Illuminate, which are its reportable segments. The group provides a range of complementary solutions such as intrusion detection and location for perimeters, pipelines and data networks, biometric and card access control as well to provide secure international logistics of high-risk valuables, precious metals & currency. Its geographical areas include Australia, Asia Pacific, India, Middle East & North Africa, Europe, the United States, and the Rest of the world.