Days Inventory is also known as Days Sales of Inventory (DSI). Amerityre's Average Total Inventories for the
three
months ended in Jun. 2022 was $1.00 Mil. Amerityre's Cost of Goods Sold for the
three
months ended in Jun. 2022 was $1.46 Mil.
Hence, Amerityre's Days Inventory for the
three
months ended in Jun. 2022 was 62.67.
The historical rank and industry rank for Amerityre's Days Inventory or its related term are showing as below:
AMTY's Days Inventory is not ranked *
in the Vehicles & Parts industry.
Industry Median: 81.83 * Ranked among companies with meaningful Days Inventory only.
Amerityre's Days Inventory
increased
from Jun. 2021 (50.59) to Jun. 2022 (62.67).
It might indicate that Amerityre's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Amerityre's Inventory Turnover for the
three
months ended in Jun. 2022 was 1.46.
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.
Amerityre's Inventory-to-Revenue for the
three
months ended in Jun. 2022 was 0.52.
Amerityre Days Inventory Historical Data
The historical data trend for Amerityre'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 Amerityre's Days Inventory
For the Auto Parts subindustry, Amerityre'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.
Amerityre's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Amerityre's Days Inventory distribution charts can be found below:
* The bar in red indicates where Amerityre's Days Inventory falls into.
Amerityre Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Amerityre's Days Inventory for the fiscal year that ended in Jun. 2022 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.
Amerityre (OTCPK:AMTY) 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.
Amerityre's Inventory Turnover for the
three
months ended in Jun. 2022 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.
Amerityre's Inventory to Revenue for the
three
months ended in Jun. 2022 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.
Amerityre Days Inventory Related Terms
Thank you for viewing the detailed overview of Amerityre's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Amerityre Corp is engaged in the research and development, manufacturing, and sale of polyurethane tires. It has developed unique polyurethane formulations that allow us to make products with superior performance characteristics in the areas of abrasion resistance, energy efficiency, and load-bearing capabilities, in comparison to conventional rubber tires. The company engages in the manufacturing, marketing, distribution, and sales of flat free specialty tires and tire-wheel assemblies and currently is manufacturing these tires. It focuses on light duty polyurethane foam tires, polyurethane elastomer industrial tires, and agricultural tires.
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