Resources Global Development (SGX:V7R) Days Inventory : 22.80 (As of Dec. 2023)

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What is Resources Global Development Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Resources Global Development's Average Total Inventories for the six months ended in Dec. 2023 was S$2.4 Mil. Resources Global Development's Cost of Goods Sold for the six months ended in Dec. 2023 was S$19.2 Mil. Hence, Resources Global Development's Days Inventory for the six months ended in Dec. 2023 was 22.80.

The historical rank and industry rank for Resources Global Development's Days Inventory or its related term are showing as below:

SGX:V7R' s Days Inventory Range Over the Past 10 Years
Min: 0.16 Med: 3.32 Max: 12.3
Current: 11.2

During the past 8 years, Resources Global Development's highest Days Inventory was 12.30. The lowest was 0.16. And the median was 3.32.

SGX:V7R's Days Inventory is ranked better than
50.96% of 781 companies
in the Transportation industry
Industry Median: 11.4 vs SGX:V7R: 11.20

Resources Global Development's Days Inventory increased from Dec. 2022 (4.81) to Dec. 2023 (22.80). It might indicate that Resources Global Development's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Resources Global Development's Inventory Turnover for the six months ended in Dec. 2023 was 8.00.

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. Resources Global Development's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.07.

Resources Global Development Days Inventory Historical Data

The historical data trend for Resources Global Development'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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Resources Global Development Days Inventory Chart

Resources Global Development Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.16

5.82

10.43

7.87

12.30

Resources Global Development Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial									10.91	11.49	4.81	6.36	22.80

Competitive Comparison of Resources Global Development's Days Inventory

For the Marine Shipping subindustry, Resources Global Development'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.

Resources Global Development's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Resources Global Development's Days Inventory distribution charts can be found below:

* The bar in red indicates where Resources Global Development's Days Inventory falls into.

Resources Global Development Days Inventory Calculation

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

Resources Global Development'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
=	( (1.966	+	2.976)	/	2 )	/	73.348	*	365
=	2.471					/	73.348	*	365
=	12.30

Resources Global Development's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.812	+	2.976)	/	2 )	/	19.161	*	365 / 2
=	2.394					/	19.161	*	365 / 2
=	22.80

Resources Global Development (SGX:V7R) 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.

Resources Global Development's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19.161	/	2.394
	=	8.00

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.

Resources Global Development's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.394	/	36.279
	=	0.07

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.

Resources Global Development Days Inventory Related Terms

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

Resources Global Development (SGX:V7R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Resources Global Development Ltd (SGX:V7R) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

144 Robinson Road, No. 11-02 Robinson Square, Singapore, SGP, 068908

Website

https://www.rgd.sg

Resources Global Development Ltd is engaged in the procurement and sale of coal within Indonesia. The company provides chartering services of tugboats, barges and bulk carriers to its customers to transport coal within the Indonesian territories. Through its subsidiary, it procures a supply of thermal coal from coal mines located in South Kalimantan, Indonesia for domestic sales. It operates Coal Shipping Services through its subsidiary, which covers domestic shipping routes mainly between coal mines located in South Kalimantan to the Java and Sulawesi islands in Indonesia. The company's coal shipping services include chartering services and transshipment services.

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