A.O. Smith (A.O. Smith) Days Inventory

: 75.00 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). A.O. Smith's Average Total Inventories for the three months ended in Dec. 2023 was $508 Mil. A.O. Smith's Cost of Goods Sold for the three months ended in Dec. 2023 was $618 Mil. Hence, A.O. Smith's Days Inventory for the three months ended in Dec. 2023 was 75.00.

The historical rank and industry rank for A.O. Smith's Days Inventory or its related term are showing as below:

AOS' s Days Inventory Range Over the Past 10 Years
Min: 48.98 Med: 59.78 Max: 78.46
Current: 78.46

During the past 13 years, A.O. Smith's highest Days Inventory was 78.46. The lowest was 48.98. And the median was 59.78.

AOS's Days Inventory is ranked better than
74.32% of 2905 companies
in the Industrial Products industry
Industry Median: 120.49 vs AOS: 78.46

A.O. Smith's Days Inventory declined from Dec. 2022 (80.92) to Dec. 2023 (75.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. A.O. Smith's Inventory Turnover for the three months ended in Dec. 2023 was 1.22.

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. A.O. Smith's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.51.

A.O. Smith Days Inventory Historical Data

The historical data trend for A.O. Smith'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.

A.O. Smith Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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61.21

61.59

61.25

72.58

78.13

A.O. Smith 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															80.92	78.58	80.16	80.65	75.00

Competitive Comparison

For the Specialty Industrial Machinery subindustry, A.O. Smith'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.

A.O. Smith Days Inventory Distribution

For the Industrial Products industry and Industrials sector, A.O. Smith's Days Inventory distribution charts can be found below:

* The bar in red indicates where A.O. Smith's Days Inventory falls into.

A.O. Smith Days Inventory Calculation

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

A.O. Smith'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
=	( (516.4	+	497.4)	/	2 )	/	2368	*	365
=	506.9					/	2368	*	365
=	78.13

A.O. Smith'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
=	( (519	+	497.4)	/	2 )	/	618.3	*	365 / 4
=	508.2					/	618.3	*	365 / 4
=	75.00

A.O. Smith (NYSE:AOS) 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.

A.O. Smith's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	618.3	/	508.2
	=	1.22

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.

A.O. Smith's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	508.2	/	988.1
	=	0.51

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.

A.O. Smith Days Inventory Related Terms

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A.O. Smith (A.O. Smith) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » A.O. Smith Corp (NYSE:AOS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

3SM:Germany 3SM:Germany

Address

11270 West Park Place, P. O. Box 245008, Suite 170, Milwaukee, WI, USA, 53224-9508

Website

https://www.aosmith.com

A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters. Supplementary products include water heating equipment, condensing and noncondensing boilers, and water system tanks. The company's two operating segments are by geographic region: North America (majority of total revenue) and the Rest of the World. A material portion of sales in North America derive from replacing existing products, and the company utilizes a wholesale distribution channel and multiple selling locations. The Rest of the World segment sells majorly in Asian countries and operates sales offices to expand distribution and market its product portfolio.

Executives

Mark D Smith	director
Idelle K Wolf	director
Robert J Heideman	officer: Senior Vice President Corp Tec	A. O. SMITH CORPORATE TECHNOLOGY CENTER, 12100 WEST PARK PLACE, MILWAUKEE WI 53224
Mark A Petrarca	officer: Vice President - H.R. & P.A.	A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
James F Stern	officer: Exec VP, General Counsel & Sec	A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Ajita G Rajendra	officer: President, A. O. Smith Water P	A. O. SMITH WATER PRODUCTS COMPANY, 500 LINDAHL PARKWAY, ASHLAND CITY TN 37015
Kevin J. Wheeler	officer: Senior VP and President & GM	A. O. SMITH CORPORATION, 500 TENNESSEE WALTZ PARKWAY, ASHLAND CITY TN 37015
Benjamin A Otchere	officer: Vice President and Controller	A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Michael M Larsen	director	ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Daniel L Kempken	officer: Vice President and Controller	A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Samuel M. Carver	officer: SVP - Global Operations	A. O. SMITH CORPORATION, 44 VANTAGE WAY, NASHVILLE TN 37228
Ronald D Brown	director	2090 FLORENCE AVENUE, CINCINNATI OH 45206
Parag Kulkarni	officer: SVP - Int'l; President India	A. O. SMITH INDIA WATER PRODUCTS PRIVATE, #300, PHASE II, KIADB INDUSTRIAL AREA, KARNATAKA K7 562112
Earl E. Exum	director	A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Stephen D. O'brien	officer: SVP; President, Lochinvar, LLC	LOCHINVAR, LLC, 300 MADDOX SIMPSON PARKWAY, LEBANON TN 37090