Barnes Group (Barnes Group) Days Inventory

: 110.29 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Barnes Group's Average Total Inventories for the three months ended in Dec. 2023 was $368 Mil. Barnes Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $304 Mil. Hence, Barnes Group's Days Inventory for the three months ended in Dec. 2023 was 110.29.

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

B' s Days Inventory Range Over the Past 10 Years
Min: 90.83 Med: 99.52 Max: 119.11
Current: 116.28

During the past 13 years, Barnes Group's highest Days Inventory was 119.11. The lowest was 90.83. And the median was 99.52.

B's Days Inventory is ranked better than
52.27% of 2906 companies
in the Industrial Products industry
Industry Median: 120.985 vs B: 116.28

Barnes Group's Days Inventory declined from Dec. 2022 (119.19) to Dec. 2023 (110.29).

Inventory Turnover measures how fast the company turns over its inventory within a year. Barnes Group's Inventory Turnover for the three months ended in Dec. 2023 was 0.83.

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. Barnes Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.89.

Barnes Group Days Inventory Historical Data

The historical data trend for Barnes Group'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.

Barnes Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

96.40

119.11

108.44

113.64

117.34

Barnes Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																119.19	116.17	119.34	119.79	110.29

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Barnes Group'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.

Barnes Group Days Inventory Distribution

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

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

Barnes Group Days Inventory Calculation

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

Barnes Group'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
=	( (283.402	+	365.221)	/	2 )	/	1008.786	*	365
=	324.3115					/	1008.786	*	365
=	117.34

Barnes Group'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
=	( (370.669	+	365.221)	/	2 )	/	304.428	*	365 / 4
=	367.945					/	304.428	*	365 / 4
=	110.29

Barnes Group (NYSE:B) 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.

Barnes Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	304.428	/	367.945
	=	0.83

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.

Barnes Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	367.945	/	415.542
	=	0.89

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.

Barnes Group Days Inventory Related Terms

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

Barnes Group (Barnes Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Barnes Group Inc (NYSE:B) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

BG4:Germany

Address

123 Main Street, Bristol, CT, USA, 06010

Website

https://www.onebarnes.com

Barnes Group Inc is a U.S. based industrial and aerospace manufacturer and service provider. The company operates through two segments: Industrial and Aerospace. The industrial segment manufactures precision parts, products, and systems for critical applications in end markets including transportation, industrial equipment, and consumer products. The aerospace segment provides machined components and assemblies for original equipment manufacturer turbine engine, airframe and industrial gas turbine builders, and the military. This segment also provides aftermarket maintenance, overhaul and repair services for turbine engine manufacturers, airlines, and the military. The company generates around half of its revenue from the domestic American market.

Executives

Mylle H Mangum	director	3231 S E SIXTH AVENUE, TOPEKA KS 66607
Thomas O Barnes	director	C/O BARNES GROUP INC, PO BOX 489, BRISTOL CT 06011-0489
Hans-peter Manner	director	123 MAIN STREET, BRISTOL CT 06010
Marian Acker	officer: VP, Controller	123 MAIN STREET, BRISTOL CT 06010
Jay B Knoll	officer: SVP, Gen. Counsel & Secretary	2225 W CHANDLER BLVD, CHANDLER AZ 85224
Thomas J Hook	director	810 INNOVATION DR, KNOXVILLE TN 37932
Elijah Kent Barnes	director	123 MAIN STREET, BRISTOL CT 06010
Neal J Keating	director	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Julie K Streich	officer: SVP, Finance and CFO	123 MAIN STREET, BRISTOL CT 06010
Dawn N Edwards	officer: SVP, Human Resources	123 MAIN STREET, BRISTOL CT 06010
Richard J Hipple	director	10035 HUNTING DRIVE, BRECKSVILLE OH 44141
Ian Malcolm Reason	officer: SVP, BGI; Pres., Barnes Aero	C/O BARNES GROUP INC., 123 MAIN STREET, BRISTOL CT 06010
Michael Andrew Beck	officer: SVP, BGI; Pres., Barnes Aero	123 MAIN STREET, BRISTOL CT 06010
Jakki L. Haussler	director	221 EAST FOURTH STREET, CINCINNATI OH 45202
Lukas Hovorka	officer: SVP, Corporate Development	123 MAIN STREET, BRISTOL CT 06010