Ashtrom Group (XTAE:ASHG) Days Inventory : 175.87 (As of Dec. 2023)

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What is Ashtrom Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ashtrom Group's Average Total Inventories for the three months ended in Dec. 2023 was ₪1,562 Mil. Ashtrom Group's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪810 Mil. Hence, Ashtrom Group's Days Inventory for the three months ended in Dec. 2023 was 175.87.

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

XTAE:ASHG' s Days Inventory Range Over the Past 10 Years
Min: 149.17 Med: 186.42 Max: 242.73
Current: 149.17

During the past 12 years, Ashtrom Group's highest Days Inventory was 242.73. The lowest was 149.17. And the median was 186.42.

XTAE:ASHG's Days Inventory is ranked better than
78% of 1327 companies
in the Real Estate industry
Industry Median: 699.45 vs XTAE:ASHG: 149.17

Ashtrom Group's Days Inventory increased from Dec. 2022 (149.76) to Dec. 2023 (175.87). It might indicate that Ashtrom Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ashtrom Group's Inventory Turnover for the three months ended in Dec. 2023 was 0.52.

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. Ashtrom Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.54.

Ashtrom Group Days Inventory Historical Data

The historical data trend for Ashtrom Group'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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Ashtrom Group Days Inventory Chart

Ashtrom Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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158.11

179.89

198.08

161.74

153.36

Ashtrom Group 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															149.76	149.28	139.23	133.81	175.87

Competitive Comparison of Ashtrom Group's Days Inventory

For the Real Estate - Development subindustry, Ashtrom Group'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.

Ashtrom Group's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Ashtrom Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ashtrom Group's Days Inventory falls into.

Ashtrom Group Days Inventory Calculation

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

Ashtrom Group'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
=	( (1662.296	+	1554.776)	/	2 )	/	3828.374	*	365
=	1608.536					/	3828.374	*	365
=	153.36

Ashtrom Group'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
=	( (1568.226	+	1554.776)	/	2 )	/	810.195	*	365 / 4
=	1561.501					/	810.195	*	365 / 4
=	175.87

Ashtrom Group (XTAE:ASHG) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	810.195	/	1561.501
	=	0.52

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1561.501	/	1015.869
	=	1.54

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.

Ashtrom Group Days Inventory Related Terms

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

Ashtrom Group (XTAE:ASHG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ashtrom Group Ltd (XTAE:ASHG) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

10 Kremnicki Street, Tel Aviv, ISR, 6789910

Website

http://www.ashtrom.co.il

Ashtrom Group Ltd operates as a construction company engaged in construction of residential and commercial properties. The company constructs office buildings, commercial centres, industrial buildings and hotels, among others. It is also engaged in the production, marketing, and sale of materials for the construction industries.