Alpha Ocean Resources Bhd (XKLS:03051) Days Inventory : 174.41 (As of Dec. 2023)

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What is Alpha Ocean Resources Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Alpha Ocean Resources Bhd's Average Total Inventories for the six months ended in Dec. 2023 was RM1.21 Mil. Alpha Ocean Resources Bhd's Cost of Goods Sold for the six months ended in Dec. 2023 was RM1.26 Mil. Hence, Alpha Ocean Resources Bhd's Days Inventory for the six months ended in Dec. 2023 was 174.41.

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

XKLS:03051' s Days Inventory Range Over the Past 10 Years
Min: 43.06 Med: 48.16 Max: 62.05
Current: 62.05

During the past 5 years, Alpha Ocean Resources Bhd's highest Days Inventory was 62.05. The lowest was 43.06. And the median was 48.16.

XKLS:03051's Days Inventory is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 83.4 vs XKLS:03051: 62.05

Alpha Ocean Resources Bhd's Days Inventory increased from Dec. 2022 (41.60) to Dec. 2023 (174.41). It might indicate that Alpha Ocean Resources 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. Alpha Ocean Resources Bhd's Inventory Turnover for the six months ended in Dec. 2023 was 1.05.

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. Alpha Ocean Resources Bhd's Inventory-to-Revenue for the six months ended in Dec. 2023 was 1.43.

Alpha Ocean Resources Bhd Days Inventory Historical Data

The historical data trend for Alpha Ocean Resources 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.

Alpha Ocean Resources Bhd Days Inventory Chart

Alpha Ocean Resources Bhd Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

43.06

53.25

Alpha Ocean Resources Bhd Semi-Annual Data
	Jun19	Jun20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			160.31	59.64	41.60	27.03	174.41

Competitive Comparison of Alpha Ocean Resources Bhd's Days Inventory

For the Farm Products subindustry, Alpha Ocean Resources 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.

Alpha Ocean Resources Bhd's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Alpha Ocean Resources Bhd's Days Inventory distribution charts can be found below:

* The bar in red indicates where Alpha Ocean Resources Bhd's Days Inventory falls into.

Alpha Ocean Resources Bhd Days Inventory Calculation

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

Alpha Ocean Resources Bhd's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.433	+	0.984)	/	2 )	/	4.856	*	365
=	0.7085					/	4.856	*	365
=	53.25

Alpha Ocean Resources 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.984	+	1.43)	/	2 )	/	1.263	*	365 / 2
=	1.207					/	1.263	*	365 / 2
=	174.41

Alpha Ocean Resources Bhd (XKLS:03051) 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.

Alpha Ocean Resources Bhd's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.263	/	1.207
	=	1.05

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.

Alpha Ocean Resources Bhd's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.207	/	0.846
	=	1.43

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.

Alpha Ocean Resources Bhd Days Inventory Related Terms

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

Alpha Ocean Resources Bhd (XKLS:03051) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Alpha Ocean Resources Bhd (XKLS:03051) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3, Jalan Bangsar, Unit SO-33A-1 & SO-33A-8, Menara 1, Strata Offices, KL Eco City, Kuala Lumpur, MYS, 59200

Website

https://www.aorb.com.my

Alpha Ocean Resources Bhd is a tuna fishing and trading company based in Malaysia, which focuses on delivering premium tuna fishes. The company is committed to providing customers with quality catches that are affordable and take measures to ensure fishing operations are sustainable.

Alpha Ocean Resources Bhd (XKLS:03051) Headlines

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