Serial System (SGX:S69) Days Inventory : 68.36 (As of Dec. 2023)

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What is Serial System Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Serial System's Average Total Inventories for the six months ended in Dec. 2023 was S$180 Mil. Serial System's Cost of Goods Sold for the six months ended in Dec. 2023 was S$479 Mil. Hence, Serial System's Days Inventory for the six months ended in Dec. 2023 was 68.36.

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

SGX:S69' s Days Inventory Range Over the Past 10 Years
Min: 31.58 Med: 48.31 Max: 76.11
Current: 75.2

During the past 13 years, Serial System's highest Days Inventory was 76.11. The lowest was 31.58. And the median was 48.31.

SGX:S69's Days Inventory is ranked better than
66.27% of 2410 companies
in the Hardware industry
Industry Median: 102.035 vs SGX:S69: 75.20

Serial System's Days Inventory declined from Dec. 2022 (70.55) to Dec. 2023 (68.36).

Inventory Turnover measures how fast the company turns over its inventory within a year. Serial System's Inventory Turnover for the six months ended in Dec. 2023 was 2.67.

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. Serial System's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.35.

Serial System Days Inventory Historical Data

The historical data trend for Serial System'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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Serial System Days Inventory Chart

Serial System Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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65.97

61.22

52.99

65.25

76.11

Serial System Semi-Annual Data
	Jun14	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															49.53	60.88	70.55	81.82	68.36

Competitive Comparison of Serial System's Days Inventory

For the Electronics & Computer Distribution subindustry, Serial System'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.

Serial System's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Serial System's Days Inventory distribution charts can be found below:

* The bar in red indicates where Serial System's Days Inventory falls into.

Serial System Days Inventory Calculation

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

Serial System'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
=	( (220.304	+	168.627)	/	2 )	/	932.632	*	365
=	194.4655					/	932.632	*	365
=	76.11

Serial System'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
=	( (190.463	+	168.627)	/	2 )	/	479.338	*	365 / 2
=	179.545					/	479.338	*	365 / 2
=	68.36

Serial System (SGX:S69) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	479.338	/	179.545
	=	2.67

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	179.545	/	518.427
	=	0.35

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.

Serial System Days Inventory Related Terms

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

Serial System (SGX:S69) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Serial System Ltd (SGX:S69) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Ubi View No. 05-01, Serial System Building, Singapore, SGP, 408554

Website

https://www.serialsystem.com

Serial System Ltd is an investment holding company that provides management services to its subsidiaries. The company is involved in the distribution of electronic and electrical components, and trading and distribution of fast-moving consumer goods, photographic, and timepiece products. The business operates through segments that are Electronic Components Distribution, Consumer Products Distribution, and Other Businesses.

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