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Smart Asia Chemical Bhd (XKLS:0306) Days Inventory : 120.70 (As of Dec. 2024)


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What is Smart Asia Chemical Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Smart Asia Chemical Bhd's Average Total Inventories for the three months ended in Dec. 2024 was RM23.53 Mil. Smart Asia Chemical Bhd's Cost of Goods Sold for the three months ended in Dec. 2024 was RM17.79 Mil. Hence, Smart Asia Chemical Bhd's Days Inventory for the three months ended in Dec. 2024 was 120.70.

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

XKLS:0306' s Days Inventory Range Over the Past 10 Years
Min: 135.41   Med: 156.87   Max: 175.29
Current: 175.29

During the past 5 years, Smart Asia Chemical Bhd's highest Days Inventory was 175.29. The lowest was 135.41. And the median was 156.87.

XKLS:0306's Days Inventory is ranked worse than
87.49% of 1503 companies
in the Chemicals industry
Industry Median: 77.49 vs XKLS:0306: 175.29

Smart Asia Chemical Bhd's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2024 (120.70). It might indicate that Smart Asia Chemical 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. Smart Asia Chemical Bhd's Inventory Turnover for the three months ended in Dec. 2024 was 0.76.

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. Smart Asia Chemical Bhd's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.90.

Smart Asia Chemical Bhd Days Inventory Historical Data

The historical data trend for Smart Asia Chemical 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.

Smart Asia Chemical Bhd Days Inventory Chart

Smart Asia Chemical Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Days Inventory
156.87 159.00 160.54 146.32 135.41

Smart Asia Chemical Bhd Quarterly Data
Dec20 Dec21 Dec22 Dec23 Jun24 Sep24 Dec24
Days Inventory Get a 7-Day Free Trial - - 152.33 122.37 120.70

Competitive Comparison of Smart Asia Chemical Bhd's Days Inventory

For the Specialty Chemicals subindustry, Smart Asia Chemical 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.

Smart Asia Chemical Bhd's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Smart Asia Chemical Bhd's Days Inventory distribution charts can be found below:

* The bar in red indicates where Smart Asia Chemical Bhd's Days Inventory falls into.


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Smart Asia Chemical Bhd Days Inventory Calculation

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

Smart Asia Chemical Bhd's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

Days Inventory (A: Dec. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2023 ) + Total Inventories (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (25.249 + 24.108) / 2 ) / 66.52*365
=24.6785 / 66.52*365
=135.41

Smart Asia Chemical Bhd's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

Days Inventory (Q: Dec. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2024 ) + Total Inventories (Q: Dec. 2024 )) / count ) / Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=( (22.953 + 24.108) / 2 ) / 17.789*365 / 4
=23.5305 / 17.789*365 / 4
=120.70

* 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.

Smart Asia Chemical Bhd  (XKLS:0306) 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.

Smart Asia Chemical Bhd's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=17.789 / 23.5305
=0.76

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.

Smart Asia Chemical Bhd's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=23.5305 / 26.288
=0.90

* 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.

Smart Asia Chemical Bhd Days Inventory Related Terms

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

Smart Asia Chemical Bhd Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Smart Asia Chemical Bhd (XKLS:0306) » Definitions » Days Inventory
Comparable Companies
XKLS:9083 XKLS:0205 XKLS:0100 XKLS:0054 XKLS:7192 XKLS:7173 XKLS:0055 XKLS:7223 XKLS:7803 XKLS:7005 LIN XPAR:AI SHW ECL APD XSWX:GIVN ISX:TPIA XSWX:SIKA OCSE:NSIS B XAMS:DSFIR
Traded in Other Exchanges
N/A
Address
No. 11, Jalan Indah Gemilang 5, Taman Perindustrian Gemilang, Ulu Tiram, JHR, MYS, 81800
Website
https://www.smartasiachemical.com
Smart Asia Chemical Bhd is an investment holding company. Through its subsidiaries, it is involved in the development, manufacturing, distribution and sale of decorative paints and protective coatings for household and industrial applications. Also involved in the development, manufacturing, distribution and sale of related products, namely colourants, and binding and coating chemicals; sale and trading of painting tools and accessories, aerosol spray paints and other related products to complement decorative paints and protective coatings offerings, ODM services of decorative paints, protective coatings as well as binding and coating chemicals for third party brand owners.

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