SKK Holdings (SKK Holdings) Days Inventory : 3.40 (As of Jun. 2023)

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What is SKK Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SKK Holdings's Average Total Inventories for the six months ended in Jun. 2023 was $0.05 Mil. SKK Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $2.90 Mil. Hence, SKK Holdings's Days Inventory for the six months ended in Jun. 2023 was 3.40.

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

SKK's Days Inventory is not ranked ^*
in the Construction industry.
Industry Median: 48.905
* Ranked among companies with meaningful Days Inventory only.

SKK Holdings's Days Inventory declined from Jun. 2022 (6.78) to Jun. 2023 (3.40).

Inventory Turnover measures how fast the company turns over its inventory within a year. SKK Holdings's Inventory Turnover for the six months ended in Jun. 2023 was 53.69.

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. SKK Holdings's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.01.

SKK Holdings Days Inventory Historical Data

The historical data trend for SKK Holdings'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.

SKK Holdings Days Inventory Chart

SKK Holdings Annual Data

Trend

Dec21

Dec22

Days Inventory

4.47

5.73

SKK Holdings Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
Days Inventory	-	6.78	4.63	3.40

Competitive Comparison of SKK Holdings's Days Inventory

For the Engineering & Construction subindustry, SKK Holdings'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.

SKK Holdings's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, SKK Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where SKK Holdings's Days Inventory falls into.

SKK Holdings Days Inventory Calculation

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

SKK Holdings's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.095	+	0.061)	/	2 )	/	4.966	*	365
=	0.078					/	4.966	*	365
=	5.73

SKK Holdings's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.061	+	0.047)	/	2 )	/	2.899	*	365 / 2
=	0.054					/	2.899	*	365 / 2
=	3.40

SKK Holdings (NAS:SKK) 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.

SKK Holdings's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.899	/	0.054
	=	53.69

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.

SKK Holdings's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.054	/	5.147
	=	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.

SKK Holdings Days Inventory Related Terms

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

SKK Holdings (SKK Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » SKK Holdings Ltd (NAS:SKK) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

https://www.skkworks.com.sg

SKK Holdings Ltd is a civil engineering service provider that specializes in subsurface utility works in Singapore. It construct and maintain various public works and infrastructure projects that serve the society and the environment. Its projects are primarily the subsurface work related to projects undertaken by the Public Utilities Board (PUB) and Singapore Telecommunications Limited. The nature of these projects is related to repairing of pumping mains, sewer maintenance and pipe cable laying.

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