Days Inventory is also known as Days Sales of Inventory (DSI). Eaton's Average Total Inventories for the
three
months ended in Dec. 2023 was $3,726 Mil. Eaton's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $3,732 Mil.
Hence, Eaton's Days Inventory for the
three
months ended in Dec. 2023 was 91.10.
The historical rank and industry rank for Eaton's Days Inventory or its related term are showing as below:
ETN'
s Days Inventory Range Over the Past 10 Years
Min: 56.11 Med: 68.85 Max: 89.78
Current: 89.78
During the past 13 years, Eaton's highest Days Inventory was 89.78. The lowest was 56.11. And the median was 68.85.
ETN's Days Inventory is ranked better than 67.34% of 2906
companies
in the Industrial Products industry
Industry Median: 120.985
vs ETN: 89.78
Eaton's Days Inventory
increased
from Dec. 2022 (88.24) to Dec. 2023 (91.10).
It might indicate that Eaton's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Eaton's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.00.
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.
Eaton's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.62.
Eaton Days Inventory Historical Data
The historical data trend for Eaton'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.
Eaton Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
71.15
72.28
69.72
84.23
88.63
Eaton Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
88.24
89.17
88.57
91.44
91.10
Competitive Comparison
For the Specialty Industrial Machinery subindustry, Eaton'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.
Eaton Days Inventory Distribution
For the Industrial Products industry and Industrials sector, Eaton's Days Inventory distribution charts can be found below:
* The bar in red indicates where Eaton's Days Inventory falls into.
Eaton Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Eaton'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.
Eaton (NYSE:ETN) 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.
Eaton'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.
Eaton'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.
Eaton Days Inventory Related Terms
Thank you for viewing the detailed overview of Eaton's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Eaton is a diversified power management company operating for over 100 years. The company operates through various segments, including electrical Americas, electrical global, aerospace, vehicle, and eMobility. Eaton's portfolio can broadly be divided into two halves. One part of its portfolio is housed under its industrial sector umbrella, which serves a large variety of end markets like commercial vehicles, general aviation, and trucks. The other portion is Eaton's electrical sector portfolio, which serves data centers, utilities, and the residential end market, among others. While the company receives favorable tax treatment with its Ireland domicile, most of its operations are in the U.S.
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