Adcorp Holdings (JSE:ADR) Days Inventory : 0.00 (As of Aug. 2023)

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What is Adcorp Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Adcorp Holdings's Average Total Inventories for the six months ended in Aug. 2023 was R0 Mil. Adcorp Holdings's Cost of Goods Sold for the six months ended in Aug. 2023 was R5,830 Mil. Hence, Adcorp Holdings's Days Inventory for the six months ended in Aug. 2023 was 0.00.

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

JSE:ADR's Days Inventory is not ranked ^*
in the Business Services industry.
Industry Median: 30.28
* Ranked among companies with meaningful Days Inventory only.

Adcorp Holdings's Days Inventory stayed the same from Aug. 2022 (0.00) to Aug. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Adcorp Holdings's Inventory-to-Revenue for the six months ended in Aug. 2023 was 0.00.

Adcorp Holdings Days Inventory Historical Data

The historical data trend for Adcorp Holdings'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.

* Premium members only.

Adcorp Holdings Days Inventory Chart

Adcorp Holdings Annual Data

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Days Inventory

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Adcorp Holdings Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Adcorp Holdings's Days Inventory

For the Staffing & Employment Services subindustry, Adcorp Holdings'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.

Adcorp Holdings's Days Inventory Distribution in the Business Services Industry

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

* The bar in red indicates where Adcorp Holdings's Days Inventory falls into.

Adcorp Holdings Days Inventory Calculation

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

Adcorp Holdings's Days Inventory for the fiscal year that ended in Feb. 2023 is calculated as

	Days Inventory (A: Feb. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	10766.543	*	365
=	0					/	10766.543	*	365
=	0.00

Adcorp Holdings's Days Inventory for the quarter that ended in Aug. 2023 is calculated as:

	Days Inventory (Q: Aug. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	5830.389	*	365 / 2
=	0					/	5830.389	*	365 / 2
=	0.00

Adcorp Holdings (JSE:ADR) 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.

Adcorp Holdings's Inventory Turnover for the six months ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5830.389	/	0
	=

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.

Adcorp Holdings's Inventory to Revenue for the six months ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	6458.108
	=	0.00

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.

Adcorp Holdings Days Inventory Related Terms

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

Adcorp Holdings (JSE:ADR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Adcorp Holdings Ltd (JSE:ADR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Western Service Road, Adcorp Place, Gallo Manor Ext 6, Johannesburg, GT, ZAF, 2191

Website

https://www.adcorpgroup.com

Adcorp Holdings Ltd is engaged in providing workplace solutions. The company renders services in the fields of permanent recruitment and flexible staffing sectors, professional IT services, as well as the provision of business process outsourcing, training, and financial services. Its operating segments are Industrial Services, Professional Services, Training Services, and Australia. The geographical segments are South Africa and International.

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