Oiltek International (SGX:HQU) Days Inventory : 1.19 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Oiltek International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Oiltek International's Average Total Inventories for the six months ended in Dec. 2023 was S$0.18 Mil. Oiltek International's Cost of Goods Sold for the six months ended in Dec. 2023 was S$28.25 Mil. Hence, Oiltek International's Days Inventory for the six months ended in Dec. 2023 was 1.19.

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

SGX:HQU' s Days Inventory Range Over the Past 10 Years
Min: 1.38 Med: 2.59 Max: 5.27
Current: 1.44

During the past 6 years, Oiltek International's highest Days Inventory was 5.27. The lowest was 1.38. And the median was 2.59.

SGX:HQU's Days Inventory is ranked better than
99.79% of 2904 companies
in the Industrial Products industry
Industry Median: 121.99 vs SGX:HQU: 1.44

Oiltek International's Days Inventory declined from Dec. 2022 (2.12) to Dec. 2023 (1.19).

Inventory Turnover measures how fast the company turns over its inventory within a year. Oiltek International's Inventory Turnover for the six months ended in Dec. 2023 was 153.97.

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. Oiltek International's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.01.

Oiltek International Days Inventory Historical Data

The historical data trend for Oiltek 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.

Oiltek International Days Inventory Chart

Oiltek International Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

3.05

5.27

4.71

2.12

1.38

Oiltek International Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial					3.60	2.50	2.12	1.93	1.19

Competitive Comparison of Oiltek International's Days Inventory

For the Specialty Industrial Machinery subindustry, Oiltek 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.

Oiltek International's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Oiltek International's Days Inventory distribution charts can be found below:

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

Oiltek International Days Inventory Calculation

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

Oiltek 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
=	( (0.185	+	0.164)	/	2 )	/	46.293	*	365
=	0.1745					/	46.293	*	365
=	1.38

Oiltek International'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
=	( (0.203	+	0.164)	/	2 )	/	28.254	*	365 / 2
=	0.1835					/	28.254	*	365 / 2
=	1.19

Oiltek International (SGX:HQU) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	28.254	/	0.1835
	=	153.97

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.1835	/	35.572
	=	0.01

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.

Oiltek International Days Inventory Related Terms

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

Oiltek International (SGX:HQU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Oiltek International Ltd (SGX:HQU) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kawasan MIEL Phase 10, Lot 6, Jalan Pasaran 23/5, Section 23, Selangor Darul Ehsan, Shah Alam, SGR, MYS, 40300

Website

https://www.oiltek.com.my

Oiltek International Ltd is an integrated process technology and renewable energy solutions provider in the vegetable oils industry. It is engaged in the supply and provision of engineering design and commissioning of oil extraction equipment and plant. The company provides solutions that cater to all types of vegetable oils, including palm oil, soybean oil, and rapeseed oil, which are some of the major agricultural commodities in the world.

Oiltek International (SGX:HQU) Headlines

No Headlines