Days Inventory is also known as Days Sales of Inventory (DSI). Hexcel's Average Total Inventories for the
three
months ended in Dec. 2023 was $343 Mil. Hexcel's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $354 Mil.
Hence, Hexcel's Days Inventory for the
three
months ended in Dec. 2023 was 88.21.
The historical rank and industry rank for Hexcel's Days Inventory or its related term are showing as below:
HXL'
s Days Inventory Range Over the Past 10 Years
Min: 67.12 Med: 77.83 Max: 92.61
Current: 92.61
During the past 13 years, Hexcel's highest Days Inventory was 92.61. The lowest was 67.12. And the median was 77.83.
HXL's Days Inventory is ranked better than 67.71% of 288
companies
in the Aerospace & Defense industry
Industry Median: 138.735
vs HXL: 92.61
Hexcel's Days Inventory
increased
from Dec. 2022 (85.97) to Dec. 2023 (88.21).
It might indicate that Hexcel's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Hexcel's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.03.
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.
Hexcel's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.75.
Hexcel Days Inventory Historical Data
The historical data trend for Hexcel'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.
Hexcel Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
67.12
79.00
77.99
84.48
87.99
Hexcel Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
85.97
93.17
95.04
99.03
88.21
Competitive Comparison
For the Aerospace & Defense subindustry, Hexcel'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.
Hexcel Days Inventory Distribution
For the Aerospace & Defense industry and Industrials sector, Hexcel's Days Inventory distribution charts can be found below:
* The bar in red indicates where Hexcel's Days Inventory falls into.
Hexcel Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Hexcel'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.
Hexcel (NYSE:HXL) 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.
Hexcel'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.
Hexcel'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.
Hexcel Days Inventory Related Terms
Thank you for viewing the detailed overview of Hexcel's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Founded in 1948, Hexcel designs and manufactures a range of high-performance composite fibers, fabrics, resins, and structures for use in commercial aerospace, defense, and other industrial markets. These are engineered to be lighter than metal and perform under rigorous conditions in aircraft frames, wings, engines, and other components and subassemblies. The company's name derives from the six-sided honeycomb structures that lend many of its products their light weight and rigidity. Hexcel's biggest customers are Airbus (38% of 2022 sales) and Boeing (25% of prepandemic sales) and its respective subcontractors.
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