AB Builders Group (HKSE:01615) Days Inventory : 2.63 (As of Dec. 2023)

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What is AB Builders Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AB Builders Group's Average Total Inventories for the six months ended in Dec. 2023 was HK$0.8 Mil. AB Builders Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$54.5 Mil. Hence, AB Builders Group's Days Inventory for the six months ended in Dec. 2023 was 2.63.

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

HKSE:01615' s Days Inventory Range Over the Past 10 Years
Min: 2.24 Med: 3.67 Max: 4.82
Current: 2.54

During the past 10 years, AB Builders Group's highest Days Inventory was 4.82. The lowest was 2.24. And the median was 3.67.

HKSE:01615's Days Inventory is ranked better than
90.8% of 1392 companies
in the Construction industry
Industry Median: 49.255 vs HKSE:01615: 2.54

AB Builders Group's Days Inventory declined from Dec. 2022 (9.67) to Dec. 2023 (2.63).

Inventory Turnover measures how fast the company turns over its inventory within a year. AB Builders Group's Inventory Turnover for the six months ended in Dec. 2023 was 69.34.

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. AB Builders Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.01.

AB Builders Group Days Inventory Historical Data

The historical data trend for AB Builders 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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AB Builders Group Days Inventory Chart

AB Builders Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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4.82

2.62

4.72

2.24

AB Builders Group Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial												2.06	3.37	9.67	2.73	2.63

Competitive Comparison of AB Builders Group's Days Inventory

For the Engineering & Construction subindustry, AB Builders 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.

AB Builders Group's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, AB Builders Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where AB Builders Group's Days Inventory falls into.

AB Builders Group Days Inventory Calculation

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

AB Builders Group'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
=	( (1.122	+	0.465)	/	2 )	/	129.044	*	365
=	0.7935					/	129.044	*	365
=	2.24

AB Builders 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
=	( (1.107	+	0.465)	/	2 )	/	54.499	*	365 / 2
=	0.786					/	54.499	*	365 / 2
=	2.63

AB Builders Group (HKSE:01615) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	54.499	/	0.786
	=	69.34

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.786	/	61.835
	=	0.01

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.

AB Builders Group Days Inventory Related Terms

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

AB Builders Group (HKSE:01615) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AB Builders Group Ltd (HKSE:01615) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 126, Rua De Pequim, Edf. Commercial I Tak, 10th Floor, Macao, MAC

Website

http://www.abbuildersgroup.com

AB Builders Group Ltd operates as a construction contractor, focused on providing structural works, including substructure and superstructure works such as foundation works, basement works, piling and pile cap work, and the construction of high rise buildings, and fitting-out works. The company's reportable segments are Fitting-out works; Structural works; and Air purification business. It generates a vast majority of its revenue from the Fitting-out works segment. The company's operations are located in Macau and Hong Kong, of which key revenue is derived from Macau.

Executives

Lao Chio Seng	2201 Interest of corporation controlled by you
Wong Hio Mei	2202 Interest of your spouse
Laos International Holdings Limited	2101 Beneficial owner
Ip Kin Wa	2101 Beneficial owner
Whm Holdings Limited	2101 Beneficial owner

AB Builders Group (HKSE:01615) Headlines

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