The Eastern Co (The Eastern Co) Days Inventory

: 111.54 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). The Eastern Co's Average Total Inventories for the three months ended in Dec. 2023 was $60.0 Mil. The Eastern Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $49.1 Mil. Hence, The Eastern Co's Days Inventory for the three months ended in Dec. 2023 was 111.54.

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

EML' s Days Inventory Range Over the Past 10 Years
Min: 96.11 Med: 106.96 Max: 127.73
Current: 104.95

During the past 13 years, The Eastern Co's highest Days Inventory was 127.73. The lowest was 96.11. And the median was 106.96.

EML's Days Inventory is ranked better than
58.1% of 2907 companies
in the Industrial Products industry
Industry Median: 120.15 vs EML: 104.95

The Eastern Co's Days Inventory increased from Dec. 2022 (104.66) to Dec. 2023 (111.54). It might indicate that The Eastern Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Eastern Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.82.

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. The Eastern Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.90.

The Eastern Co Days Inventory Historical Data

The historical data trend for The Eastern Co'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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The Eastern Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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103.19

119.27

101.93

105.46

108.46

The Eastern Co 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															104.66	97.89	98.81	109.46	111.54

Competitive Comparison

For the Tools & Accessories subindustry, The Eastern Co'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.

The Eastern Co Days Inventory Distribution

For the Industrial Products industry and Industrials sector, The Eastern Co's Days Inventory distribution charts can be found below:

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

The Eastern Co Days Inventory Calculation

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

The Eastern Co'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
=	( (64.637	+	59.272)	/	2 )	/	208.502	*	365
=	61.9545					/	208.502	*	365
=	108.46

The Eastern Co'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
=	( (60.649	+	59.272)	/	2 )	/	49.054	*	365 / 4
=	59.9605					/	49.054	*	365 / 4
=	111.54

The Eastern Co (NAS:EML) 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.

The Eastern Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	49.054	/	59.9605
	=	0.82

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.

The Eastern Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	59.9605	/	66.986
	=	0.90

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.

The Eastern Co Days Inventory Related Terms

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

The Eastern Co (The Eastern Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Eastern Co (NAS:EML) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Enterprise Drive, Suite 408, Shelton, CT, USA, 06484

Website

https://www.easterncompany.com

The Eastern Co manages industrial businesses that design, manufacture and sell engineered solutions to industrial markets. It operates in United States and Other Countries, and generates majority of the revenue from United States.

Executives

Frederick D. Disanto	director	6060 PARKLAND, SUITE 200, CLEVELAND OH 44124
Mark Anthony Hernandez	director	112 BRIDGE STREET, NAUGATUCK CT 06770
Michael J Mardy	director
Charles W Henry	director	62 TUNXIS VILLAGE, FARMINGTON CT 06032
James A Mitarotonda	director, 10 percent owner	888 SEVENTH AVENUE 17TH FL, NEW YORK NY 10019
Nicholas Alec Vlahos	officer: Chief Financial Officer	3 ENTERPRISE DRIVE SUITE 408, SHELTON CT 06484
Peter S. O'hara	officer: Chief Financial Officer	112 BRIDGE STREET, NAUGATUCK CT 06770
Barington Capital Group L P	director, 10 percent owner	888 SEVENTH AVENUE, 6TH FLOOR, NEW YORK NY 10019
Barington Companies Equity Partners L P	director, 10 percent owner	888 SEVENTH AVENUE, 6TH FLOOR, NEW YORK NY 10019
Barington Companies Investors, Llc	director, 10 percent owner	C/O BARINGTON CAPITAL GROUP, L.P., 888 SEVENTH AVENUE, 17TH FLOOR, NEW YORK NY 10019
James P. Woidke	officer: Chief Operating Officer	112 BRIDGE STREET, NAUGATUCK CT 06770
Sullivan John L Iii	officer: VP, Sect'y and Treas	13 CEDAR DRIVE, CROMWELL CT 06416
August M. Vlak	officer: President & CEO	112 BRIDGE STREET, NAUGATUCK CT 06770
Peggy Scott	director	15438 NORTH FLORIDA AVENUE, SUITE 201, TAMPA FL 33613
Angelo Labbadia	officer: Vice President & COO	230 SYCAMORE DRIVE, PROSPECT CT 06712