Well Graded Engineering PCL (BKK:WGE-R) Days Inventory : 11.19 (As of Mar. 2024)

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What is Well Graded Engineering PCL Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Well Graded Engineering PCL's Average Total Inventories for the three months ended in Mar. 2024 was ฿54 Mil. Well Graded Engineering PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿437 Mil. Hence, Well Graded Engineering PCL's Days Inventory for the three months ended in Mar. 2024 was 11.19.

The historical rank and industry rank for Well Graded Engineering PCL's Days Inventory or its related term are showing as below:

BKK:WGE-R' s Days Inventory Range Over the Past 10 Years
Min: 1.8 Med: 3.91 Max: 9.56
Current: 9.56

During the past 5 years, Well Graded Engineering PCL's highest Days Inventory was 9.56. The lowest was 1.80. And the median was 3.91.

BKK:WGE-R's Days Inventory is ranked better than
77.98% of 1394 companies
in the Construction industry
Industry Median: 48.575 vs BKK:WGE-R: 9.56

Well Graded Engineering PCL's Days Inventory increased from Mar. 2023 (6.05) to Mar. 2024 (11.19). It might indicate that Well Graded Engineering PCL's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Well Graded Engineering PCL's Inventory Turnover for the three months ended in Mar. 2024 was 8.15.

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. Well Graded Engineering PCL's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.11.

Well Graded Engineering PCL Days Inventory Historical Data

The historical data trend for Well Graded Engineering PCL'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.

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Well Graded Engineering PCL Days Inventory Chart

Well Graded Engineering PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

1.80

3.91

3.54

4.47

7.64

Well Graded Engineering PCL Quarterly Data
	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial														6.05	7.49	9.72	11.10	11.19

Competitive Comparison of Well Graded Engineering PCL's Days Inventory

For the Engineering & Construction subindustry, Well Graded Engineering PCL'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.

Well Graded Engineering PCL's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Well Graded Engineering PCL's Days Inventory distribution charts can be found below:

* The bar in red indicates where Well Graded Engineering PCL's Days Inventory falls into.

Well Graded Engineering PCL Days Inventory Calculation

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

Well Graded Engineering PCL's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (30.114	+	51.805)	/	2 )	/	1956.246	*	365
=	40.9595					/	1956.246	*	365
=	7.64

Well Graded Engineering PCL's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (51.805	+	55.409)	/	2 )	/	436.958	*	365 / 4
=	53.607					/	436.958	*	365 / 4
=	11.19

Well Graded Engineering PCL (BKK:WGE-R) 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.

Well Graded Engineering PCL's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	436.958	/	53.607
	=	8.15

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.

Well Graded Engineering PCL's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	53.607	/	492.041
	=	0.11

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.

Well Graded Engineering PCL Days Inventory Related Terms

Thank you for viewing the detailed overview of Well Graded Engineering PCL's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Well Graded Engineering PCL (BKK:WGE-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Well Graded Engineering PCL (BKK:WGE-R) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

WGE:Thailand

Address

50/1203 Moo 9, Bangpood, Pakkred, Nonthaburi, THA, 11120

Website

https://www.well-graded.com

Well Graded Engineering PCL is an engineering and construction company. The company is engaged in the business of construction work services and consultants for the design and supervision of construction, engineering, and architecture works. Its projects portfolio includes High Rise Condo; Low Rise Condo; Office Building; Hospital; Sales Gallery; Community Mall; an Interior; Factory; Public Utility System; and Renovate.

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