Days Inventory is also known as Days Sales of Inventory (DSI). Badger Meter's Average Total Inventories for the
three
months ended in Mar. 2024 was $157.1 Mil. Badger Meter's Cost of Goods Sold for the
three
months ended in Mar. 2024 was $119.1 Mil.
Hence, Badger Meter's Days Inventory for the
three
months ended in Mar. 2024 was 120.33.
The historical rank and industry rank for Badger Meter's Days Inventory or its related term are showing as below:
BMI'
s Days Inventory Range Over the Past 10 Years
Min: 103.67 Med: 114.83 Max: 120.49
Current: 119.89
During the past 13 years, Badger Meter's highest Days Inventory was 120.49. The lowest was 103.67. And the median was 114.83.
BMI's Days Inventory is ranked worse than 57.38% of 2405
companies
in the Hardware industry
Industry Median: 104.01
vs BMI: 119.89
Badger Meter's Days Inventory
increased
from Mar. 2023 (119.51) to Mar. 2024 (120.33).
It might indicate that Badger Meter's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Badger Meter's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.76.
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.
Badger Meter's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.80.
Badger Meter Days Inventory Historical Data
The historical data trend for Badger Meter'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 Badger Meter's Days Inventory
For the Scientific & Technical Instruments subindustry, Badger Meter'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.
Badger Meter's Days Inventory Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Badger Meter's Days Inventory distribution charts can be found below:
* The bar in red indicates where Badger Meter's Days Inventory falls into.
Badger Meter Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Badger Meter'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.
Badger Meter (NYSE:BMI) 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.
Badger Meter's Inventory Turnover for the
three
months ended in Mar. 2024 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.
Badger Meter's Inventory to Revenue for the
three
months ended in Mar. 2024 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.
Badger Meter Days Inventory Related Terms
Thank you for viewing the detailed overview of Badger Meter's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Badger Meter Inc is an innovator, manufacturer, and marketer of products incorporating flow measurement, quality, control, and other system solutions serving markets. The company's products measure water, oil, chemicals, and other fluids, and provide and communicate timely measurement data. Badger's product lines include two categories: sales of water meters, radios, software, and related technologies, and water quality monitoring solutions to water utilities (utility water) and sales of meters and other sensing instruments, valves, software, and other solutions for industrial applications in water, wastewater, and other industries (flow instrumentation). It derives a majority of its revenues from the United States.
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