Techbase Industries Bhd (XKLS:8966) Days Inventory : 58.88 (As of Jan. 2024)

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What is Techbase Industries Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Techbase Industries Bhd's Average Total Inventories for the three months ended in Jan. 2024 was RM36.5 Mil. Techbase Industries Bhd's Cost of Goods Sold for the three months ended in Jan. 2024 was RM56.5 Mil. Hence, Techbase Industries Bhd's Days Inventory for the three months ended in Jan. 2024 was 58.88.

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

XKLS:8966' s Days Inventory Range Over the Past 10 Years
Min: 21.17 Med: 35.68 Max: 73.17
Current: 69.31

During the past 13 years, Techbase Industries Bhd's highest Days Inventory was 73.17. The lowest was 21.17. And the median was 35.68.

XKLS:8966's Days Inventory is ranked better than
78.85% of 1007 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 132.53 vs XKLS:8966: 69.31

Techbase Industries Bhd's Days Inventory declined from Jan. 2023 (66.32) to Jan. 2024 (58.88).

Inventory Turnover measures how fast the company turns over its inventory within a year. Techbase Industries Bhd's Inventory Turnover for the three months ended in Jan. 2024 was 1.55.

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. Techbase Industries Bhd's Inventory-to-Revenue for the three months ended in Jan. 2024 was 0.53.

Techbase Industries Bhd Days Inventory Historical Data

The historical data trend for Techbase Industries 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.

Techbase Industries Bhd Days Inventory Chart

Techbase Industries Bhd Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Inventory

Get a 7-Day Free Trial

41.02

54.22

73.17

60.82

59.23

Techbase Industries Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial															66.32	77.35	63.48	91.33	58.88

Competitive Comparison of Techbase Industries Bhd's Days Inventory

For the Apparel Manufacturing subindustry, Techbase Industries 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.

Techbase Industries Bhd's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Techbase Industries Bhd's Days Inventory distribution charts can be found below:

* The bar in red indicates where Techbase Industries Bhd's Days Inventory falls into.

Techbase Industries Bhd Days Inventory Calculation

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

Techbase Industries Bhd's Days Inventory for the fiscal year that ended in Jul. 2023 is calculated as

	Days Inventory (A: Jul. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (33.302	+	28.772)	/	2 )	/	191.252	*	365
=	31.037					/	191.252	*	365
=	59.23

Techbase Industries Bhd's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

	Days Inventory (Q: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (44.142	+	28.831)	/	2 )	/	56.541	*	365 / 4
=	36.4865					/	56.541	*	365 / 4
=	58.88

Techbase Industries Bhd (XKLS:8966) 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.

Techbase Industries Bhd's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	56.541	/	36.4865
	=	1.55

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.

Techbase Industries Bhd's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	36.4865	/	68.863
	=	0.53

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.

Techbase Industries Bhd Days Inventory Related Terms

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

Techbase Industries Bhd (XKLS:8966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Techbase Industries Bhd (XKLS:8966) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

PTD 94657, Batu 6, Jalan Mersing, Kluang, JHR, MYS, 83000

Website

https://www.prolexus.com.my

Prolexus Bhd is engaged in investment holding and the provision of management services. The company's business segments are Apparel, which includes the manufacturing of apparel and provision of apparel manufacturing services; Textile segment which includes the manufacturing of textiles and provision of textile manufacturing services; Advertising, which is engaged in the provision of advertising services on multimedia boards, and Others, which includes investment holding, property investment, provision of management services and provision of agency services. The company generates the maximum of its revenue from the apparel segment. Its primary geographic markets are Malaysia, the United States of America which generates maximum revenue, European countries, Asia, and other countries.

Techbase Industries Bhd (XKLS:8966) Headlines

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