Singapore Shipping (SGX:S19) Days Inventory : 4.96 (As of Sep. 2023)

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What is Singapore Shipping Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Singapore Shipping's Average Total Inventories for the six months ended in Sep. 2023 was S$0.64 Mil. Singapore Shipping's Cost of Goods Sold for the six months ended in Sep. 2023 was S$23.72 Mil. Hence, Singapore Shipping's Days Inventory for the six months ended in Sep. 2023 was 4.96.

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

SGX:S19' s Days Inventory Range Over the Past 10 Years
Min: 2.78 Med: 4.16 Max: 5.49
Current: 4.53

During the past 13 years, Singapore Shipping's highest Days Inventory was 5.49. The lowest was 2.78. And the median was 4.16.

SGX:S19's Days Inventory is ranked better than
72.05% of 780 companies
in the Transportation industry
Industry Median: 11.4 vs SGX:S19: 4.53

Singapore Shipping's Days Inventory increased from Sep. 2022 (4.49) to Sep. 2023 (4.96). It might indicate that Singapore Shipping's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Singapore Shipping's Inventory Turnover for the six months ended in Sep. 2023 was 36.80.

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. Singapore Shipping's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.02.

Singapore Shipping Days Inventory Historical Data

The historical data trend for Singapore Shipping'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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Singapore Shipping Days Inventory Chart

Singapore Shipping Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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3.62

3.16

3.38

4.22

5.49

Singapore Shipping Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															3.94	5.25	4.49	4.58	4.96

Competitive Comparison of Singapore Shipping's Days Inventory

For the Marine Shipping subindustry, Singapore Shipping'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.

Singapore Shipping's Days Inventory Distribution in the Transportation Industry

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

* The bar in red indicates where Singapore Shipping's Days Inventory falls into.

Singapore Shipping Days Inventory Calculation

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

Singapore Shipping's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.72	+	0.723)	/	2 )	/	47.944	*	365
=	0.7215					/	47.944	*	365
=	5.49

Singapore Shipping's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.723	+	0.566)	/	2 )	/	23.716	*	365 / 2
=	0.6445					/	23.716	*	365 / 2
=	4.96

Singapore Shipping (SGX:S19) 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.

Singapore Shipping's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	23.716	/	0.6445
	=	36.80

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.

Singapore Shipping's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.6445	/	31.2
	=	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.

Singapore Shipping Days Inventory Related Terms

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

Singapore Shipping (SGX:S19) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Singapore Shipping Corp Ltd (SGX:S19) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

W1M:Germany

Address

200 Cantonment Road, No. 09-01 Southpoint, Singapore, SGP, 089763

Website

http://www.singaporeshipping.com.sg

Singapore Shipping Corp Ltd is a shipping company. It operates in two segments: Ship owning segment which includes ship owning and ship management, and Agency and logistics segment that includes shipping agency, terminal operations, warehousing, and logistics services. The company generates most of the revenue from the Ship owning segment. Further, it also operates in geographical segments like Japan, Singapore, and other countries. It generates most of its revenues from Japan.

Singapore Shipping (SGX:S19) Headlines

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