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YGL Convergence Bhd (XKLS:0086) Days Inventory : 37.23 (As of Dec. 2023)


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What is YGL Convergence Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). YGL Convergence Bhd's Average Total Inventories for the three months ended in Dec. 2023 was RM0.75 Mil. YGL Convergence Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM1.84 Mil. Hence, YGL Convergence Bhd's Days Inventory for the three months ended in Dec. 2023 was 37.23.

The historical rank and industry rank for YGL Convergence Bhd's Days Inventory or its related term are showing as below:

XKLS:0086' s Days Inventory Range Over the Past 10 Years
Min: 16.09   Med: 20.1   Max: 46.18
Current: 46.18

During the past 13 years, YGL Convergence Bhd's highest Days Inventory was 46.18. The lowest was 16.09. And the median was 20.10.

XKLS:0086's Days Inventory is ranked better than
83.48% of 2409 companies
in the Hardware industry
Industry Median: 101.78 vs XKLS:0086: 46.18

YGL Convergence Bhd's Days Inventory increased from Dec. 2022 (25.29) to Dec. 2023 (37.23). It might indicate that YGL Convergence Bhd's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. YGL Convergence Bhd's Inventory Turnover for the three months ended in Dec. 2023 was 2.45.

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. YGL Convergence Bhd's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.29.


YGL Convergence Bhd Days Inventory Historical Data

The historical data trend for YGL Convergence Bhd'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.

YGL Convergence Bhd Days Inventory Chart

YGL Convergence Bhd Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 16.09 24.11

YGL Convergence Bhd Quarterly Data
Dec18 Mar19 Jun19 Sep19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 25.29 41.81 50.23 67.91 37.23

Competitive Comparison of YGL Convergence Bhd's Days Inventory

For the Electronics & Computer Distribution subindustry, YGL Convergence Bhd'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.


YGL Convergence Bhd's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, YGL Convergence Bhd's Days Inventory distribution charts can be found below:

* The bar in red indicates where YGL Convergence Bhd's Days Inventory falls into.



YGL Convergence Bhd Days Inventory Calculation

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

YGL Convergence Bhd's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

Days Inventory (A: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (0.48 + 0.814) / 2 ) / 9.793*365
=0.647 / 9.793*365
=24.11

YGL Convergence Bhd'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: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0.921 + 0.577) / 2 ) / 1.836*365 / 4
=0.749 / 1.836*365 / 4
=37.23

* 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.


YGL Convergence Bhd  (XKLS:0086) 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.

YGL Convergence Bhd's Inventory Turnover for the three months ended in Dec. 2023 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.

YGL Convergence Bhd's Inventory to Revenue for the three months ended in Dec. 2023 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.


YGL Convergence Bhd Days Inventory Related Terms

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


YGL Convergence Bhd (XKLS:0086) Business Description

Traded in Other Exchanges
N/A
Address
No. 35, Scotland Road, George Town, PNG, MYS, 10450
YGL Convergence Bhd is principally engaged in the marketing and distribution of computer software and hardware and the provision of professional service. The Group's reportable segment includes Software implementation, which is engaged in the Provision of software installation, commissioning, support, and maintenance services and its related services; the Solar panel installation segment, which is engaged in the Provision of engineering, procurement, construction, and commissioning services in solar energy solution and its related services. The majority of the company's revenue is derived from software panel installations. The company's geographical segments include Malaysia, Hong Kong, and other countries, out of which Malaysia derives the majority revenue.

YGL Convergence Bhd (XKLS:0086) Headlines

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