HG Metal Manufacturing (SGX:BTG) Days Inventory: 28.74 (As of Mar. 2026) — 74% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SGX:BTG HG Metal Manufacturing Ltd SGX:BTG
41 GF Score
Price S$0.49
GF Value S$0.19
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is HG Metal Manufacturing Days Inventory?

HG Metal Manufacturing SGX:BTG 41 Days Inventory is 28.74 as of Mar. 2026, which is 74% below its 10-year median of 109.84. GuruFocus rates SGX:BTG with a GF Score™ of 41/100 and a GF Value™ of S$0.19 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 582 Steel companies, HG Metal Manufacturing ranks better than 92.27% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). HG Metal Manufacturing's Average Total Inventories for the six months ended in Mar. 2026 was S$10.6 Mil. HG Metal Manufacturing's Cost of Goods Sold for the six months ended in Mar. 2026 was S$67.2 Mil. Hence, HG Metal Manufacturing's Days Inventory for the six months ended in Mar. 2026 was 28.74.

The historical rank and industry rank for HG Metal Manufacturing's Days Inventory or its related term are showing as below:

SGX:BTG' s Days Inventory Range Over the Past 10 Years
Min: 26.88   Med: 109.84   Max: 161.29
Current: 26.88

During the past 13 years, HG Metal Manufacturing's highest Days Inventory was 161.29. The lowest was 26.88. And the median was 109.84.

SGX:BTG's Days Inventory is ranked better than
92.27% of 582 companies
in the Steel industry
Industry Median: 86.355 vs SGX:BTG: 26.88

HG Metal Manufacturing's Days Inventory declined from Dec. 2024 (40.24) to Mar. 2026 (28.74).

Inventory Turnover measures how fast the company turns over its inventory within a year. HG Metal Manufacturing's Inventory Turnover for the six months ended in Mar. 2026 was 6.35.

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. HG Metal Manufacturing's Inventory-to-Revenue for the six months ended in Mar. 2026 was 0.13.


HG Metal Manufacturing  (SGX:BTG) 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.

HG Metal Manufacturing's Inventory Turnover for the six months ended in Mar. 2026 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.

HG Metal Manufacturing's Inventory to Revenue for the six months ended in Mar. 2026 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.


HG Metal Manufacturing Days Inventory Related Terms


HG Metal Manufacturing Days Inventory Historical Data

* Premium members only.

The historical data trend for HG Metal Manufacturing'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.

HG Metal Manufacturing Days Inventory Chart

HG Metal Manufacturing 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 108.98 161.29 119.26 144.54 110.70

HG Metal Manufacturing Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Mar26
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 57.27 63.99 40.24 30.03 28.74

SGX:BTG vs NUE, STLD, RS: Days Inventory Comparison

For the Steel subindustry, HG Metal Manufacturing'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.


HG Metal Manufacturing Days Inventory vs Steel Industry

For the Steel industry and Basic Materials sector, HG Metal Manufacturing's Days Inventory distribution charts can be found below:

* The bar in red indicates where HG Metal Manufacturing's Days Inventory falls into.


SGX:BTG
41GF Score
HG Metal Manufacturing Ltd SGX:BTG
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HG Metal Manufacturing Days Inventory Calculation

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

HG Metal Manufacturing'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
=( (58.851 + 24.228) / 2 ) / 136.968*365
=41.5395 / 136.968*365
=110.70

HG Metal Manufacturing's Days Inventory for the quarter that ended in Mar. 2026 is calculated as:

Days Inventory (Q: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (13.252 + 7.905) / 2 ) / 67.164*365 / 2
=10.5785 / 67.164*365 / 2
=28.74

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 28.74 mean?
HG Metal Manufacturing (SGX:BTG) has a Days Inventory of 28.74 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on HG Metal Manufacturing and its competitors. This is 74% below median its historical median of 109.84. Over the past decade, HG Metal Manufacturing's Days Inventory has ranged from 26.88 to 161.29. According to the industry distribution chart, HG Metal Manufacturing ranks #45 out of 582 companies in the Steel industry, placing it in the top 7.7%.
Is HG Metal Manufacturing's Days Inventory too high?
HG Metal Manufacturing's current Days Inventory of 28.74 is 74% below median its 10-year median of 109.84. Over the past 10 years, this metric has ranged from a low of 26.88 to a high of 161.29. The Steel industry median Days Inventory is 86.36. HG Metal Manufacturing's value of 28.74 is 66.7% below this industry median. Based on the distribution chart, HG Metal Manufacturing ranks #45 out of 582 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, HG Metal Manufacturing has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HG Metal Manufacturing's Days Inventory compare to NUE and STLD?
According to the Steel industry distribution chart, HG Metal Manufacturing ranks #45 out of 582 companies for Days Inventory. This places HG Metal Manufacturing in the top 8% of its industry — outperforming the majority of peers. The industry median Days Inventory is 86.36. HG Metal Manufacturing's value of 28.74 is 66.7% below this benchmark. Historically, HG Metal Manufacturing's own Days Inventory has ranged from 26.88 to 161.29 over the past decade. While the company's 10-year median is 109.84 vs. the industry median of 86.36, HG Metal Manufacturing has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Steel company?
The median Days Inventory among Steel companies is 86.36, based on 582 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HG Metal Manufacturing's current Days Inventory of 28.74 is 66.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on HG Metal Manufacturing and its competitors. For the Steel industry, the median Days Inventory is 86.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HG Metal Manufacturing's current Days Inventory is 28.74, which is 74% below median its own 10-year median of 109.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HG Metal Manufacturing stock overvalued right now?
Based on GuruFocus' analysis, HG Metal Manufacturing (SGX:BTG) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.19, compared to a current price of S$0.49 — trading 157.9% above its estimated fair value. The current Days Inventory is 28.74, which is 74% below median its 10-year median of 109.84 and 66.7% below the Steel industry median of 86.36. HG Metal Manufacturing's overall GF Score™ is 41/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For HG Metal Manufacturing (SGX:BTG), the current Days Inventory is 28.74 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is HG Metal Manufacturing (SGX:BTG) Overvalued in 2026?

Based on GuruFocus' analysis, HG Metal Manufacturing stock appears to be overvalued. The current stock price of S$0.49 is trading 157.9% above its estimated GF Value™ of S$0.19. GuruFocus considers HG Metal Manufacturing to be Significantly Overvalued.

Key valuation signals for SGX:BTG:

  • Days Inventory: 28.74 (74% below median its 10-year median of 109.84)
  • GF Value™: S$0.19 vs. price of S$0.49 (157.9% above fair value)
  • GF Score™: 41/100 with 4 warning signs
  • Industry Position: 66.7% below the Steel median (#45 of 582)

No single metric tells the full story. See the SGX:BTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HG Metal Manufacturing Business Description

Address 28 Jalan Buroh, Singapore, SGP, 619484
HG Metal Manufacturing Ltd is involved in the steel business. The Company operates through business units including HG Distribution, HG Construction Steel, HG Coupler, and Thread. Its operating segments comprise the Trading segment, the Manufacturing segment, and Others. The Trading segment supplies steel products and includes investments in subsidiaries engaged in steel distribution and the provision of industrial steel services. The Manufacturing segment produces construction steel products and provides related engineering services. The Others segment includes activities that do not fall under the Trading or Manufacturing segments. The majority of the Company's revenue is generated from the Manufacturing segment, with the maximum of its revenue derived from Singapore.
41GF Score

Get the complete analysis for SGX:BTG

Days Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$0.49
Price
S$0.19
GF Value