GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Manitex International Inc (FRA:VE8) » Definitions » Days Inventory

Manitex International (FRA:VE8) Days Inventory : 124.18 (As of Dec. 2023)


View and export this data going back to 2015. Start your Free Trial

What is Manitex International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Manitex International's Average Total Inventories for the three months ended in Dec. 2023 was €77.7 Mil. Manitex International's Cost of Goods Sold for the three months ended in Dec. 2023 was €57.1 Mil. Hence, Manitex International's Days Inventory for the three months ended in Dec. 2023 was 124.18.

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

FRA:VE8' s Days Inventory Range Over the Past 10 Years
Min: 103.55   Med: 125.95   Max: 214.49
Current: 127.39

During the past 13 years, Manitex International's highest Days Inventory was 214.49. The lowest was 103.55. And the median was 125.95.

FRA:VE8's Days Inventory is ranked better than
52.45% of 204 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 131.845 vs FRA:VE8: 127.39

Manitex International's Days Inventory increased from Dec. 2022 (109.57) to Dec. 2023 (124.18). It might indicate that Manitex International's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Manitex International's Inventory Turnover for the three months ended in Dec. 2023 was 0.73.

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. Manitex International's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.08.


Manitex International Days Inventory Historical Data

The historical data trend for Manitex International'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.

Manitex International Days Inventory Chart

Manitex International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 119.63 159.43 119.58 106.57 122.86

Manitex International 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 109.57 127.67 127.15 139.38 124.18

Competitive Comparison of Manitex International's Days Inventory

For the Farm & Heavy Construction Machinery subindustry, Manitex International'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.


Manitex International's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Manitex International's Days Inventory distribution charts can be found below:

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



Manitex International Days Inventory Calculation

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

Manitex International'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
=( (65.892 + 75.503) / 2 ) / 210.027*365
=70.6975 / 210.027*365
=122.86

Manitex International'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
=( (79.819 + 75.503) / 2 ) / 57.066*365 / 4
=77.661 / 57.066*365 / 4
=124.18

* 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.


Manitex International  (FRA:VE8) 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.

Manitex International'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.

Manitex International'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.


Manitex International Days Inventory Related Terms

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


Manitex International (FRA:VE8) Business Description

Traded in Other Exchanges
Address
9725 Industrial Drive, Bridgeview, IL, USA, 60455
Manitex International Inc through its subsidiaries is engaged in the design, manufacture, and distribution of engineered lifting solutions. Its products include boom trucks, truck cranes, and sign cranes. The company's segments include Lifting Equipment and Rental Equipment. It generates maximum revenue from the Lifting Equipment segment. Geographically, it derives a majority of its revenue from the United States.

Manitex International (FRA:VE8) Headlines

No Headlines