New Asia Construction & Development (TPE:2516) Days Inventory : 0.49 (As of Mar. 2024)

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What is New Asia Construction & Development Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). New Asia Construction & Development's Average Total Inventories for the three months ended in Mar. 2024 was NT$10 Mil. New Asia Construction & Development's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,901 Mil. Hence, New Asia Construction & Development's Days Inventory for the three months ended in Mar. 2024 was 0.49.

The historical rank and industry rank for New Asia Construction & Development's Days Inventory or its related term are showing as below:

TPE:2516' s Days Inventory Range Over the Past 10 Years
Min: 0.02 Med: 1.43 Max: 1.75
Current: 0.44

During the past 13 years, New Asia Construction & Development's highest Days Inventory was 1.75. The lowest was 0.02. And the median was 1.43.

TPE:2516's Days Inventory is ranked better than
97.13% of 1395 companies
in the Construction industry
Industry Median: 48.56 vs TPE:2516: 0.44

New Asia Construction & Development's Days Inventory increased from Mar. 2023 (0.00) to Mar. 2024 (0.49). It might indicate that New Asia Construction & Development's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. New Asia Construction & Development's Inventory Turnover for the three months ended in Mar. 2024 was 187.73.

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. New Asia Construction & Development's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.01.

New Asia Construction & Development Days Inventory Historical Data

The historical data trend for New Asia Construction & Development'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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New Asia Construction & Development Days Inventory Chart

New Asia Construction & Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.02

New Asia Construction & Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	0.49

Competitive Comparison of New Asia Construction & Development's Days Inventory

For the Engineering & Construction subindustry, New Asia Construction & Development'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.

New Asia Construction & Development's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, New Asia Construction & Development's Days Inventory distribution charts can be found below:

* The bar in red indicates where New Asia Construction & Development's Days Inventory falls into.

New Asia Construction & Development Days Inventory Calculation

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

New Asia Construction & Development'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	+	0)	/	1 )	/	8318.074	*	365
=	0					/	8318.074	*	365
=	0.00

New Asia Construction & Development's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	10.124)	/	1 )	/	1900.544	*	365 / 4
=	10.124					/	1900.544	*	365 / 4
=	0.49

New Asia Construction & Development (TPE:2516) 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.

New Asia Construction & Development's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1900.544	/	10.124
	=	187.73

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.

New Asia Construction & Development's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.124	/	1976.338
	=	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.

New Asia Construction & Development Days Inventory Related Terms

Thank you for viewing the detailed overview of New Asia Construction & Development's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

New Asia Construction & Development (TPE:2516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » New Asia Construction & Development Corp (TPE:2516) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

N0. 760, Section 4, Bade Road,, 15,16th floor,, Songshan District, Taipei, TWN

Website

http://www.newasia.com.tw

New Asia Construction & Development Corp operates in the engineering and construction industry. The company is engaged in the construction of heavy equipment needed for civil engineering, development business related to land and community, construction, leasing, or selling of heavy equipment and public housing, and office buildings and repairs. The company is also engaged in manufacturing and selling ready mixed concrete and asphalt concrete and investment.

New Asia Construction & Development (TPE:2516) Headlines

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