Albemarle & Bond Holdings (LSE:ABM) Days Inventory : 149.08 (As of Jun. 2013)

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What is Albemarle & Bond Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Albemarle & Bond Holdings's Average Total Inventories for the six months ended in Jun. 2013 was £19.4 Mil. Albemarle & Bond Holdings's Cost of Goods Sold for the six months ended in Jun. 2013 was £47.5 Mil. Hence, Albemarle & Bond Holdings's Days Inventory for the six months ended in Jun. 2013 was 74.54.

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

LSE:ABM's Days Inventory is not ranked ^*
in the Credit Services industry.
Industry Median: 40.46
* Ranked among companies with meaningful Days Inventory only.

Albemarle & Bond Holdings's Days Inventory increased from Jun. 2011 (106.13) to Jun. 2013 (149.08). It might indicate that Albemarle & Bond Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Albemarle & Bond Holdings's Inventory Turnover for the six months ended in Jun. 2013 was 2.45.

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. Albemarle & Bond Holdings's Inventory-to-Revenue for the six months ended in Jun. 2013 was 0.18.

Albemarle & Bond Holdings Days Inventory Historical Data

The historical data trend for Albemarle & Bond 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.

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Albemarle & Bond Holdings Days Inventory Chart

Albemarle & Bond Holdings Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Days Inventory

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411.54

167.14

106.13

114.54

149.08

Albemarle & Bond Holdings Semi-Annual Data
	Jun92	Jun93	Jun94	Jun95	Jun96	Jun97	Jun98	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Days Inventory	Get a 7-Day Free Trial															411.54	167.14	106.13	114.54	149.08

Competitive Comparison of Albemarle & Bond Holdings's Days Inventory

For the Credit Services subindustry, Albemarle & Bond 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.

Albemarle & Bond Holdings's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Albemarle & Bond Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Albemarle & Bond Holdings's Days Inventory falls into.

Albemarle & Bond Holdings Days Inventory Calculation

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

Albemarle & Bond Holdings's Days Inventory for the fiscal year that ended in Jun. 2013 is calculated as

	Days Inventory (A: Jun. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2012 )	+	Total Inventories (A: Jun. 2013 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2013 )	*	Days in Period
=	( (18.383	+	20.454)	/	2 )	/	47.542	*	365
=	19.4185					/	47.542	*	365
=	149.08

Albemarle & Bond Holdings's Days Inventory for the quarter that ended in Jun. 2013 is calculated as:

	Days Inventory (Q: Jun. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2012 )	+	Total Inventories (Q: Jun. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2013 )	*	Days in Period
=	( (18.383	+	20.454)	/	2 )	/	47.542	*	365 / 2
=	19.4185					/	47.542	*	365 / 2
=	74.54

Albemarle & Bond Holdings (LSE:ABM) 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.

Albemarle & Bond Holdings's Inventory Turnover for the six months ended in Jun. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	47.542	/	19.4185
	=	2.45

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.

Albemarle & Bond Holdings's Inventory to Revenue for the six months ended in Jun. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19.4185	/	107.069
	=	0.18

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.

Albemarle & Bond Holdings Days Inventory Related Terms

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Albemarle & Bond Holdings (LSE:ABM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Albemarle & Bond Holdings PLC (LSE:ABM) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Website

http://www.albemarlebondplc.com

Albemarle & Bond Holdings PLC was incorporated on January 17, 1986. The Company is a holding company engaged in pawnbroking, retail jewellery sales, gold purchasing, unsecured lending, including cheque cashing and other financial services. It has approximately 230 stores and 1,000 employees. Operating under the two brands, Albemarle Bond and Herbert Brown, it provides its customers with a range of services including jewellery retailing, pawnbroking loans, gold purchasing and a range of unsecured loan products. The pawn loan is secured against jewellery for a maximum of six months. The customer can redeem their jewellery by repaying the loan and interest owing at any time without incurring penalties for early redemption. The Company provides short-term loans through three products, PayDay Advances, Speedloans, and Cheque Cashing. PayDay Advances offer customers short-term unsecured loans to meet their cash flow requirements until wages are received. Speedloans provide customers with immediately available installment loans over a longer term of between six and 18 months and Cheque Cashing provides access to their cash for customers who have received cheques. The Company offers a range of new and second hand jewellery. Herbert Brown offers a range of new, second hand and antique jewellery.