Advancer Global (SGX:43Q) Inventory Turnover : 33.54 (As of Dec. 2023)

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What is Advancer Global Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Advancer Global's Cost of Goods Sold for the six months ended in Dec. 2023 was S$26.71 Mil. Advancer Global's Average Total Inventories for the quarter that ended in Dec. 2023 was S$0.80 Mil. Advancer Global's Inventory Turnover for the quarter that ended in Dec. 2023 was 33.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Advancer Global's Days Inventory for the six months ended in Dec. 2023 was 5.44.

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. Advancer Global's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Advancer Global Inventory Turnover Historical Data

The historical data trend for Advancer Global's Inventory Turnover 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.

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Advancer Global Inventory Turnover Chart

Advancer Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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72.13

43.65

53.56

63.47

63.44

Advancer Global Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															26.11	31.82	29.15	30.40	33.54

Advancer Global Inventory Turnover Calculation

Advancer Global's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	52.367	/ (	(0.873	+	0.778)	/	2 )
=	52.367	/	0.8255
=	63.44

Advancer Global's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	26.712	/ (	(0.815	+	0.778)	/	2 )
=	26.712	/	0.7965
=	33.54

Advancer Global (SGX:43Q) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Advancer Global's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.7965	/	26.712	*	365 / 2
	=	5.44

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.

Advancer Global's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.7965	/	33.695
	=	0.02

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Advancer Global Inventory Turnover Related Terms

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Advancer Global (SGX:43Q) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Advancer Global Ltd (SGX:43Q) » Definitions » Inventory Turnover

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Address

135 Jurong Gateway Road, Number 05-317, Singapore, SGP, 600135

Website

https://www.advancer.sg

Advancer Global Ltd is engaged in providing employment services, facilities management services, and security services. The company operates in three business segment that is Employment Services Business, which provide services for the sourcing, employment and training of FDWs to households, Building Management Services, which provides integrated building facility management services including property consultancy, property and facilities management services, property valuation, and Security Services Business, which provide manpower and technology for security solutions and services to, amongst others, commercial, industrial and residential properties. The Building Management Services Segment generates maximum revenue for the company.

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