Advance Equity Holding AD Sofia (XBUL:ADVE) Days Inventory: 206.07 (As of Sep. 2019)

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What is Advance Equity Holding AD Sofia Days Inventory?

Advance Equity Holding AD Sofia XBUL:ADVE Days Inventory is 206.07 as of Sep. 2019.

Days Inventory is also known as Days Sales of Inventory (DSI). Advance Equity Holding AD Sofia's Average Total Inventories for the three months ended in Sep. 2019 was лв5.56 Mil. Advance Equity Holding AD Sofia's Cost of Goods Sold for the three months ended in Sep. 2019 was лв2.46 Mil. Hence, Advance Equity Holding AD Sofia's Days Inventory for the three months ended in Sep. 2019 was 206.07.

The historical rank and industry rank for Advance Equity Holding AD Sofia's Days Inventory or its related term are showing as below:

XBUL:ADVE's Days Inventory is not ranked *
in the Asset Management industry.
Industry Median: 73.33
* Ranked among companies with meaningful Days Inventory only.

Advance Equity Holding AD Sofia's Days Inventory increased from Jun. 2018 (0.00) to Sep. 2019 (206.07). It might indicate that Advance Equity Holding AD Sofia's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Advance Equity Holding AD Sofia's Inventory Turnover for the three months ended in Sep. 2019 was 0.44.

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. Advance Equity Holding AD Sofia's Inventory-to-Revenue for the three months ended in Sep. 2019 was 1.26.


Advance Equity Holding AD Sofia  (XBUL:ADVE) 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.

Advance Equity Holding AD Sofia's Inventory Turnover for the three months ended in Sep. 2019 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.

Advance Equity Holding AD Sofia's Inventory to Revenue for the three months ended in Sep. 2019 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.


Advance Equity Holding AD Sofia Days Inventory Related Terms


Advance Equity Holding AD Sofia Days Inventory Historical Data

* Premium members only.

The historical data trend for Advance Equity Holding AD Sofia'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.

Advance Equity Holding AD Sofia Days Inventory Chart

Advance Equity Holding AD Sofia Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Days Inventory
Get a 7-Day Free Trial 114.11 200.16 156.82 129.63 116.96

Advance Equity Holding AD Sofia Quarterly Data
Jun14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Jun19 Sep19
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 0.00 165.01 60.27 0.00 206.07

XBUL:ADVE vs MILC: Days Inventory Comparison

For the Asset Management subindustry, Advance Equity Holding AD Sofia'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.


Advance Equity Holding AD Sofia Days Inventory vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Advance Equity Holding AD Sofia's Days Inventory distribution charts can be found below:

* The bar in red indicates where Advance Equity Holding AD Sofia's Days Inventory falls into.



Advance Equity Holding AD Sofia Days Inventory Calculation

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

Advance Equity Holding AD Sofia's Days Inventory for the fiscal year that ended in Dec. 2018 is calculated as

Days Inventory (A: Dec. 2018 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2017 ) + Total Inventories (A: Dec. 2018 )) / count ) / Cost of Goods Sold (A: Dec. 2018 )*Days in Period
=( (3.096 + 1.987) / 2 ) / 7.931*365
=2.5415 / 7.931*365
=116.96

Advance Equity Holding AD Sofia's Days Inventory for the quarter that ended in Sep. 2019 is calculated as:

Days Inventory (Q: Sep. 2019 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2019 ) + Total Inventories (Q: Sep. 2019 )) / count ) / Cost of Goods Sold (Q: Sep. 2019 )*Days in Period
=( (6.178 + 4.942) / 2 ) / 2.462*365 / 4
=5.56 / 2.462*365 / 4
=206.07

* 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 206.07 mean?
Advance Equity Holding AD Sofia (XBUL:ADVE) has a Days Inventory of 206.07 as of Sep. 2019. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Advance Equity Holding AD Sofia and its competitors.
Is Advance Equity Holding AD Sofia's Days Inventory too high?
Advance Equity Holding AD Sofia's current Days Inventory is 206.07. The Asset Management industry median Days Inventory is 73.33. Advance Equity Holding AD Sofia's value of 206.07 is 181% above this industry median.
How does Advance Equity Holding AD Sofia's Days Inventory compare to MILC?
Advance Equity Holding AD Sofia's Days Inventory of 206.07 can be compared against companies in the Asset Management industry. The industry median Days Inventory is 73.33. Advance Equity Holding AD Sofia's value of 206.07 is 181% above this benchmark. 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 an Asset Management company?
The median Days Inventory among Asset Management companies is 73.33, based on 167 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. Advance Equity Holding AD Sofia's current Days Inventory of 206.07 is 181% above 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 Advance Equity Holding AD Sofia and its competitors. For the Asset Management industry, the median Days Inventory is 73.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advance Equity Holding AD Sofia's current Days Inventory is 206.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advance Equity Holding AD Sofia stock overvalued right now?
Advance Equity Holding AD Sofia (XBUL:ADVE) has a current Days Inventory of 206.07. The current Days Inventory is 206.07 and 181% above the Asset Management industry median of 73.33. 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 Advance Equity Holding AD Sofia (XBUL:ADVE), the current Days Inventory is 206.07 as of Sep. 2019. 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.

Advance Equity Holding AD Sofia Business Description

Address Boulevard Hristo Botev No. 57 6, Sofia, BGR, 1303
Advance Equity Holding AD Sofia is an investment company. The company focuses its investments on new start-up companies that have high growth potential.