Advancer Global (SGX:43Q) Days Inventory : 5.44 (As of Dec. 2023)

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What is Advancer Global Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Advancer Global's Average Total Inventories for the six months ended in Dec. 2023 was S$0.80 Mil. Advancer Global's Cost of Goods Sold for the six months ended in Dec. 2023 was S$26.71 Mil. Hence, Advancer Global's Days Inventory for the six months ended in Dec. 2023 was 5.44.

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

SGX:43Q' s Days Inventory Range Over the Past 10 Years
Min: 0.25 Med: 5.41 Max: 8.36
Current: 5.73

During the past 11 years, Advancer Global's highest Days Inventory was 8.36. The lowest was 0.25. And the median was 5.41.

SGX:43Q's Days Inventory is ranked better than
74.96% of 679 companies
in the Business Services industry
Industry Median: 29.67 vs SGX:43Q: 5.73

Advancer Global's Days Inventory declined from Dec. 2022 (6.26) to Dec. 2023 (5.44).

Inventory Turnover measures how fast the company turns over its inventory within a year. Advancer Global's Inventory Turnover for the six months ended in Dec. 2023 was 33.54.

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. Advancer Global's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.

Advancer Global Days Inventory Historical Data

The historical data trend for Advancer Global'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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Advancer Global Days Inventory Chart

Advancer Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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5.06

8.36

6.82

5.75

Advancer Global Semi-Annual Data
	Dec13	Dec14	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															6.99	5.73	6.26	6.00	5.44

Competitive Comparison of Advancer Global's Days Inventory

For the Staffing & Employment Services subindustry, Advancer Global'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.

Advancer Global's Days Inventory Distribution in the Business Services Industry

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

* The bar in red indicates where Advancer Global's Days Inventory falls into.

Advancer Global Days Inventory Calculation

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

Advancer Global'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
=	( (0.873	+	0.778)	/	2 )	/	52.367	*	365
=	0.8255					/	52.367	*	365
=	5.75

Advancer Global'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
=	( (0.815	+	0.778)	/	2 )	/	26.712	*	365 / 2
=	0.7965					/	26.712	*	365 / 2
=	5.44

Advancer Global (SGX:43Q) 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.

Advancer Global's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	26.712	/	0.7965
	=	33.54

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.

Advancer Global's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.7965	/	33.695
	=	0.02

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.

Advancer Global Days Inventory Related Terms

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

Advancer Global (SGX:43Q) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Advancer Global Ltd (SGX:43Q) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 Jurong Gateway Road, Number 05-317, Singapore, SGP, 600135

Website

https://www.advancer.sg

Advancer Global Ltd is engaged in providing employment services, facilities management services, and security services. The company operates in three business segment that is Employment Services Business, which provide services for the sourcing, employment and training of FDWs to households, Building Management Services, which provides integrated building facility management services including property consultancy, property and facilities management services, property valuation, and Security Services Business, which provide manpower and technology for security solutions and services to, amongst others, commercial, industrial and residential properties. The Building Management Services Segment generates maximum revenue for the company.

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