Days Inventory is also known as Days Sales of Inventory (DSI). The Middleby's Average Total Inventories for the
three
months ended in Dec. 2023 was $975 Mil. The Middleby's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $622 Mil.
Hence, The Middleby's Days Inventory for the
three
months ended in Dec. 2023 was 143.15.
The historical rank and industry rank for The Middleby's Days Inventory or its related term are showing as below:
MIDD'
s Days Inventory Range Over the Past 10 Years
Min: 87.2 Med: 105.3 Max: 152.49
Current: 152.49
During the past 13 years, The Middleby's highest Days Inventory was 152.49. The lowest was 87.20. And the median was 105.30.
MIDD's Days Inventory is ranked worse than 63.4% of 2907
companies
in the Industrial Products industry
Industry Median: 120.15
vs MIDD: 152.49
The Middleby's Days Inventory
declined
from Dec. 2022 (152.20) to Dec. 2023 (143.15).
Inventory Turnover measures how fast the company turns over its inventory within a year.
The Middleby's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.64.
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 Middleby's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.97.
The Middleby Days Inventory Historical Data
The historical data trend for The Middleby'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 The Middleby's Days Inventory
For the Specialty Industrial Machinery subindustry, The Middleby'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 Middleby's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, The Middleby's Days Inventory distribution charts can be found below:
* The bar in red indicates where The Middleby's Days Inventory falls into.
The Middleby Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
The Middleby'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.
The Middleby (NAS:MIDD) 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 Middleby'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.
The Middleby'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.
The Middleby Days Inventory Related Terms
Thank you for viewing the detailed overview of The Middleby's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
The Middleby Corp is engaged in designing, manufacturing, marketing, distribution and service of a broad line of foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and premium kitchen equipment including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment primarily used in the residential market. The company conducts its business through three principal business segments namely the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The firm derives majority revenue from Commercial Foodservice Equipment Group segment.
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