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Ocean Sky International (SGX:1B6) Days Inventory : 3.77 (As of Jun. 2024)


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What is Ocean Sky International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ocean Sky International's Average Total Inventories for the six months ended in Jun. 2024 was S$0.25 Mil. Ocean Sky International's Cost of Goods Sold for the six months ended in Jun. 2024 was S$11.89 Mil. Hence, Ocean Sky International's Days Inventory for the six months ended in Jun. 2024 was 3.77.

The historical rank and industry rank for Ocean Sky International's Days Inventory or its related term are showing as below:

SGX:1B6' s Days Inventory Range Over the Past 10 Years
Min: 3.15   Med: 24.65   Max: 106.82
Current: 3.52

During the past 13 years, Ocean Sky International's highest Days Inventory was 106.82. The lowest was 3.15. And the median was 24.65.

SGX:1B6's Days Inventory is ranked better than
88.34% of 1458 companies
in the Construction industry
Industry Median: 47.125 vs SGX:1B6: 3.52

Ocean Sky International's Days Inventory increased from Jun. 2023 (2.88) to Jun. 2024 (3.77). It might indicate that Ocean Sky International's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ocean Sky International's Inventory Turnover for the six months ended in Jun. 2024 was 48.41.

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. Ocean Sky International's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.02.


Ocean Sky International Days Inventory Historical Data

The historical data trend for Ocean Sky International'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.

Ocean Sky International Days Inventory Chart

Ocean Sky International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 106.82 56.39 3.67 3.15 3.18

Ocean Sky International Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.44 3.37 2.88 3.18 3.77

Competitive Comparison of Ocean Sky International's Days Inventory

For the Engineering & Construction subindustry, Ocean Sky International'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.


Ocean Sky International's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ocean Sky International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ocean Sky International's Days Inventory falls into.



Ocean Sky International Days Inventory Calculation

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

Ocean Sky International'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
=( (0.254 + 0.222) / 2 ) / 27.347*365
=0.238 / 27.347*365
=3.18

Ocean Sky International's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (0.222 + 0.269) / 2 ) / 11.885*365 / 2
=0.2455 / 11.885*365 / 2
=3.77

* 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.


Ocean Sky International  (SGX:1B6) 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.

Ocean Sky International's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

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.

Ocean Sky International's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

* 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.


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.


Ocean Sky International Days Inventory Related Terms

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


Ocean Sky International Business Description

Traded in Other Exchanges
Address
29 Tuas South Street 1, Singapore, SGP, 638036
Ocean Sky International Ltd is an investment holding company engages in civil engineering, construction, and related services businesses. It operates through the Construction segment, and Property segment. The Construction segment which contributes the majority of revenue involved in the business of building and civil engineering contractors. The property segment is in the business of leasing of properties and developing of properties. The company offers engineering services, such as earthwork, roadwork, drainage work, basement work, and structural works comprising demolition and underground infrastructure works, as well as other general building works.

Ocean Sky International Headlines

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