Mooreast Holdings (SGX:1V3) Days Inventory : 154.85 (As of Jun. 2023)

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What is Mooreast Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mooreast Holdings's Average Total Inventories for the six months ended in Jun. 2023 was S$7.21 Mil. Mooreast Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was S$8.50 Mil. Hence, Mooreast Holdings's Days Inventory for the six months ended in Jun. 2023 was 154.85.

The historical rank and industry rank for Mooreast Holdings's Days Inventory or its related term are showing as below:

SGX:1V3' s Days Inventory Range Over the Past 10 Years
Min: 152.42 Med: 228.47 Max: 357.91
Current: 152.42

During the past 3 years, Mooreast Holdings's highest Days Inventory was 357.91. The lowest was 152.42. And the median was 228.47.

SGX:1V3's Days Inventory is ranked worse than
52.08% of 288 companies
in the Aerospace & Defense industry
Industry Median: 143.525 vs SGX:1V3: 152.42

Mooreast Holdings's Days Inventory declined from Jun. 2022 (159.30) to Jun. 2023 (154.85).

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. Mooreast Holdings's Inventory Turnover for the six months ended in Jun. 2023 was 1.18.

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. Mooreast Holdings's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.50.

Mooreast Holdings Days Inventory Historical Data

The historical data trend for Mooreast Holdings'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.

Mooreast Holdings Days Inventory Chart

Mooreast Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Days Inventory

228.47

357.91

159.92

Mooreast Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial			325.91	391.12	159.30	141.80	154.85

Competitive Comparison of Mooreast Holdings's Days Inventory

For the Aerospace & Defense subindustry, Mooreast Holdings'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.

Mooreast Holdings's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Mooreast Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mooreast Holdings's Days Inventory falls into.

Mooreast Holdings Days Inventory Calculation

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

Mooreast Holdings's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (8.609	+	6.265)	/	2 )	/	16.974	*	365
=	7.437					/	16.974	*	365
=	159.92

Mooreast Holdings's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (6.265	+	8.151)	/	2 )	/	8.495	*	365 / 2
=	7.208					/	8.495	*	365 / 2
=	154.85

Mooreast Holdings (SGX:1V3) 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.

Mooreast Holdings's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.495	/	7.208
	=	1.18

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.

Mooreast Holdings's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.208	/	14.419
	=	0.50

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.

Mooreast Holdings Days Inventory Related Terms

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

Mooreast Holdings (SGX:1V3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Mooreast Holdings Ltd (SGX:1V3) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Shipyard Road, Mooreast Offshore Base, Singapore, SGP, 628139

Website

https://www.mooreast.com

Mooreast Holdings Ltd is a total mooring solutions specialist, serving the offshore oil and gas, marine and offshore renewable energy industries. With strong in-house capabilities in design, engineering and fabrication, the company offers a full range of mooring solutions including the design, engineering, fabrication, supply, mobilisation and logistics, installation and commissioning services for mooring systems and mooring system components as well as the provision of rigging and heavy lifting equipment.

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