Smiths Group (Smiths Group) Change In Inventory : $32 Mil (TTM As of Jan. 2024)

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What is Smiths Group Change In Inventory?

Smiths Group's change in inventory for the quarter that ended in Jan. 2024 was $-3 Mil. It means Smiths Group's inventory increased by $3 Mil from Jul. 2023 to Jan. 2024 .

Smiths Group's change in inventory for the fiscal year that ended in Jul. 2023 was $-115 Mil. It means Smiths Group's inventory increased by $115 Mil from Jul. 2022 to Jul. 2023 .

Smiths Group's Total Inventories for the quarter that ended in Jan. 2024 was $825 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Smiths Group's Days Inventory for the quarter that ended in Jan. 2024 was 125.05.

Inventory Turnover measures how fast the company turns over its inventory within a year. Smiths Group's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.46.

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. Smiths Group's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.43.

Smiths Group Change In Inventory Historical Data

The historical data trend for Smiths Group's Change In 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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Smiths Group Change In Inventory Chart

Smiths Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Change In Inventory

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-59.78

-92.76

91.16

-202.64

-114.69

Smiths Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Change In Inventory	Get a 7-Day Free Trial															-105.69	-109.11	-141.98	34.79	-2.54

Smiths Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jan. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $32 Mil.

Smiths Group (OTCPK:SMGKF) Change In Inventory Explanation

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

Smiths Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	822.7635	/	1200.763	*	365 / 2
	=	125.05

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Smiths Group's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1200.763	/	822.7635
	=	1.46

3. 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.

Smiths Group's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	822.7635	/	1914.867
	=	0.43

Smiths Group Change In Inventory Related Terms

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Smiths Group (Smiths Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Smiths Group PLC (OTCPK:SMGKF) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

SMGZY:USA SMINl:UK SMIN:UK QS2A:Germany

Address

11-12 St James’s Square, 4th Floor, London, GBR, SW1Y 4LB

Website

https://www.smiths.com

With its start as a London jeweler in the 19th century, Smiths Group has for most of its history operated as a company operating disparate but economically attractive businesses. Thematically, it runs businesses that manufacture niche products in security- or safety-sensitive industries. Today, the business is split across four divisions: mechanical seals, weapons detection, electrical connectors, and specialized hoses. The end customers for these products include airports, NASA, government security or defense departments, and hospitals.