Days Inventory is also known as Days Sales of Inventory (DSI). Acme United's Average Total Inventories for the
three
months ended in Dec. 2023 was $55.0 Mil. Acme United's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $25.5 Mil.
Hence, Acme United's Days Inventory for the
three
months ended in Dec. 2023 was 196.59.
The historical rank and industry rank for Acme United's Days Inventory or its related term are showing as below:
ACU'
s Days Inventory Range Over the Past 10 Years
Min: 157.25 Med: 165.81 Max: 181.74
Current: 175.11
During the past 13 years, Acme United's highest Days Inventory was 181.74. The lowest was 157.25. And the median was 165.81.
ACU's Days Inventory is ranked worse than 83.03% of 1785
companies
in the Consumer Packaged Goods industry
Industry Median: 82.17
vs ACU: 175.11
Acme United's Days Inventory
declined
from Dec. 2022 (196.81) to Dec. 2023 (196.59).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Acme United's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.46.
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.
Acme United's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.31.
Acme United Days Inventory Historical Data
The historical data trend for Acme United'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.
Competitive Comparison of Acme United's Days Inventory
For the Household & Personal Products subindustry, Acme United'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.
Acme United's Days Inventory Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Acme United's Days Inventory distribution charts can be found below:
* The bar in red indicates where Acme United's Days Inventory falls into.
Acme United Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Acme United's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Acme United (AMEX:ACU) 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.
Acme United's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Acme United's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
Acme United Days Inventory Related Terms
Thank you for viewing the detailed overview of Acme United's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Acme United Corp is a supplier of first aid and medical products and cutting technology to the school, home, office, hardware, sporting goods, and industrial markets. Its principal products sold across all segments are first aid kits and medical products, scissors, shears, knives, rulers, pencil sharpeners, and sharpening tools. The Company sells its products to mass market and e-commerce retailers, industrial distributors, wholesale, contract, and retail stationery distributors, office supply superstores, sporting goods stores, and hardware chains. The Company's reportable business segments consist of the United States, Canada, and Europe, out of which a majority of the company's revenue is derived from the United States.
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