Pacific Radiance (SGX:RXS) Days Inventory : 3.77 (As of Dec. 2023)

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What is Pacific Radiance Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pacific Radiance's Average Total Inventories for the three months ended in Dec. 2023 was S$0.20 Mil. Pacific Radiance's Cost of Goods Sold for the three months ended in Dec. 2023 was S$4.85 Mil. Hence, Pacific Radiance's Days Inventory for the three months ended in Dec. 2023 was 3.77.

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

SGX:RXS' s Days Inventory Range Over the Past 10 Years
Min: 2.13 Med: 5.64 Max: 34.49
Current: 3.85

During the past 12 years, Pacific Radiance's highest Days Inventory was 34.49. The lowest was 2.13. And the median was 5.64.

SGX:RXS's Days Inventory is ranked better than
75.42% of 781 companies
in the Transportation industry
Industry Median: 11.4 vs SGX:RXS: 3.85

Pacific Radiance's Days Inventory increased from Dec. 2022 (3.56) to Dec. 2023 (3.77). It might indicate that Pacific Radiance's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pacific Radiance's Inventory Turnover for the three months ended in Dec. 2023 was 24.19.

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. Pacific Radiance's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.

Pacific Radiance Days Inventory Historical Data

The historical data trend for Pacific Radiance'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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Pacific Radiance Days Inventory Chart

Pacific Radiance Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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3.69

34.49

23.80

8.05

2.70

Pacific Radiance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															3.56	4.10	4.09	4.58	3.77

Competitive Comparison of Pacific Radiance's Days Inventory

For the Marine Shipping subindustry, Pacific Radiance'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.

Pacific Radiance's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Pacific Radiance's Days Inventory distribution charts can be found below:

* The bar in red indicates where Pacific Radiance's Days Inventory falls into.

Pacific Radiance Days Inventory Calculation

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

Pacific Radiance'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
=	( (0.216	+	0.156)	/	2 )	/	25.13	*	365
=	0.186					/	25.13	*	365
=	2.70

Pacific Radiance'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.245	+	0.156)	/	2 )	/	4.851	*	365 / 4
=	0.2005					/	4.851	*	365 / 4
=	3.77

Pacific Radiance (SGX:RXS) 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.

Pacific Radiance's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.851	/	0.2005
	=	24.19

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.

Pacific Radiance's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2005	/	9.576
	=	0.02

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.

Pacific Radiance Days Inventory Related Terms

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

Pacific Radiance (SGX:RXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pacific Radiance Ltd (SGX:RXS) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

15 Pandan Road, Singapore, SGP, 609263

Website

https://www.pacificradiance.com

Pacific Radiance Ltd owns and operates offshore vessels and provides subsea services, shipyard services, and marine equipment. It mainly offers logistics to the oil and gas industry. The company is organized into two main operating business divisions, the Ship Management business is engaged in managing, chartering and operating offshore vessels supporting the offshore oil and gas industry; and the Shipyard business engaged in the ship-repair maintenance activity. It derives most of the revenue from offshore support services business spread across Asia.

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