Choo Bee Metal Industries Bhd (XKLS:5797) Days Inventory : 201.02 (As of Dec. 2023)

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What is Choo Bee Metal Industries Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Choo Bee Metal Industries Bhd's Average Total Inventories for the three months ended in Dec. 2023 was RM217.5 Mil. Choo Bee Metal Industries Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM98.7 Mil. Hence, Choo Bee Metal Industries Bhd's Days Inventory for the three months ended in Dec. 2023 was 201.02.

The historical rank and industry rank for Choo Bee Metal Industries Bhd's Days Inventory or its related term are showing as below:

XKLS:5797' s Days Inventory Range Over the Past 10 Years
Min: 140.95 Med: 176.41 Max: 233.88
Current: 210.43

During the past 13 years, Choo Bee Metal Industries Bhd's highest Days Inventory was 233.88. The lowest was 140.95. And the median was 176.41.

XKLS:5797's Days Inventory is ranked worse than
91.27% of 573 companies
in the Steel industry
Industry Median: 86.37 vs XKLS:5797: 210.43

Choo Bee Metal Industries Bhd's Days Inventory increased from Dec. 2022 (194.08) to Dec. 2023 (201.02). It might indicate that Choo Bee Metal Industries Bhd's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Choo Bee Metal Industries Bhd's Inventory Turnover for the three months ended in Dec. 2023 was 0.45.

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. Choo Bee Metal Industries Bhd's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.10.

Choo Bee Metal Industries Bhd Days Inventory Historical Data

The historical data trend for Choo Bee Metal Industries Bhd'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.

Choo Bee Metal Industries Bhd Days Inventory Chart

Choo Bee Metal Industries Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

179.48

202.52

233.88

193.83

206.79

Choo Bee Metal Industries Bhd 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															194.08	199.45	248.68	202.89	201.02

Competitive Comparison of Choo Bee Metal Industries Bhd's Days Inventory

For the Steel subindustry, Choo Bee Metal Industries Bhd'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.

Choo Bee Metal Industries Bhd's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Choo Bee Metal Industries Bhd's Days Inventory distribution charts can be found below:

* The bar in red indicates where Choo Bee Metal Industries Bhd's Days Inventory falls into.

Choo Bee Metal Industries Bhd Days Inventory Calculation

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

Choo Bee Metal Industries Bhd'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
=	( (209.26	+	216.329)	/	2 )	/	375.593	*	365
=	212.7945					/	375.593	*	365
=	206.79

Choo Bee Metal Industries Bhd'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
=	( (218.662	+	216.329)	/	2 )	/	98.727	*	365 / 4
=	217.4955					/	98.727	*	365 / 4
=	201.02

Choo Bee Metal Industries Bhd (XKLS:5797) 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.

Choo Bee Metal Industries Bhd's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	98.727	/	217.4955
	=	0.45

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.

Choo Bee Metal Industries Bhd's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	217.4955	/	103.558
	=	2.10

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.

Choo Bee Metal Industries Bhd Days Inventory Related Terms

Thank you for viewing the detailed overview of Choo Bee Metal Industries Bhd's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Choo Bee Metal Industries Bhd (XKLS:5797) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Choo Bee Metal Industries Bhd (XKLS:5797) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Bendahara, Wisma Soon Teik Aun, Ipoh, PRK, MYS, 31650

Website

https://www.choobee.com

Choo Bee Metal Industries Bhd is a Malaysian-based company engaged in the processing of steel coils into steel products, fabrication of steel products, and trading of hardware products. The firm manufactures steel products for oil and gas applications, building and construction industries, trading of hardware products, functioning as beams, channels, mild steel plates, flat bars, angle bars, stainless steel products, and other building materials, as well as provision of steel servicing, such as slitting and shearing of coils. The group is organized into trading and manufacturing segments in which Trading segments derive a majority of its revenue. Geographically, it derives the majority of its revenue from Malaysia.

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