Scantech (ASX:SCD) Days Inventory : 212.28 (As of Jun. 2015)

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What is Scantech Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Scantech's Average Total Inventories for the six months ended in Jun. 2015 was A$3.54 Mil. Scantech's Cost of Goods Sold for the six months ended in Jun. 2015 was A$3.04 Mil. Hence, Scantech's Days Inventory for the six months ended in Jun. 2015 was 212.28.

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

ASX:SCD' s Days Inventory Range Over the Past 10 Years
Min: 43.85 Med: 180.68 Max: 348.28
Current: 240.73

During the past 13 years, Scantech's highest Days Inventory was 348.28. The lowest was 43.85. And the median was 180.68.

ASX:SCD's Days Inventory is not ranked
in the Hardware industry.
Industry Median: 103.88 vs ASX:SCD: 240.73

Scantech's Days Inventory declined from Jun. 2014 (359.39) to Jun. 2015 (212.28).

Inventory Turnover measures how fast the company turns over its inventory within a year. Scantech's Inventory Turnover for the six months ended in Jun. 2015 was 0.86.

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. Scantech's Inventory-to-Revenue for the six months ended in Jun. 2015 was 0.50.

Scantech Days Inventory Historical Data

The historical data trend for Scantech'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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Scantech Days Inventory Chart

Scantech Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Days Inventory

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348.28

227.90

221.29

284.83

255.24

Scantech Semi-Annual Data
	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Days Inventory	Get a 7-Day Free Trial															159.15	219.28	359.39	257.83	212.28

Competitive Comparison of Scantech's Days Inventory

For the Scientific & Technical Instruments subindustry, Scantech'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.

Scantech's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Scantech's Days Inventory distribution charts can be found below:

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

Scantech Days Inventory Calculation

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

Scantech's Days Inventory for the fiscal year that ended in Jun. 2015 is calculated as

	Days Inventory (A: Jun. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2014 )	+	Total Inventories (A: Jun. 2015 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2015 )	*	Days in Period
=	( (4.191	+	3.774)	/	2 )	/	5.695	*	365
=	3.9825					/	5.695	*	365
=	255.24

Scantech's Days Inventory for the quarter that ended in Jun. 2015 is calculated as:

	Days Inventory (Q: Jun. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2014 )	+	Total Inventories (Q: Jun. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2015 )	*	Days in Period
=	( (3.305	+	3.774)	/	2 )	/	3.043	*	365 / 2
=	3.5395					/	3.043	*	365 / 2
=	212.28

Scantech (ASX:SCD) 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.

Scantech's Inventory Turnover for the six months ended in Jun. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.043	/	3.5395
	=	0.86

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.

Scantech's Inventory to Revenue for the six months ended in Jun. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.5395	/	7.038
	=	0.50

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.

Scantech Days Inventory Related Terms

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

Scantech (ASX:SCD) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.scantech.com.au

Scantech Limited focuses on manufacture and marketing of scientific and industrial instruments principally for resource sector including cement, coal and mineral industries. It also provides consulting services to the coal industry and in-field support of scientific and instruments. The Company currently operates 930 systems installed in over 55 countries worldwide.