Ashtead Group (Ashtead Group) Days Inventory

: 59.30 (As of Jan. 2024)

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Days Inventory is also known as Days Sales of Inventory (DSI). Ashtead Group's Average Total Inventories for the three months ended in Jan. 2024 was $186 Mil. Ashtead Group's Cost of Goods Sold for the three months ended in Jan. 2024 was $287 Mil. Hence, Ashtead Group's Days Inventory for the three months ended in Jan. 2024 was 59.30.

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

ASHTF' s Days Inventory Range Over the Past 10 Years
Min: 34.05 Med: 50.08 Max: 59.94
Current: 59.94

During the past 13 years, Ashtead Group's highest Days Inventory was 59.94. The lowest was 34.05. And the median was 50.08.

ASHTF's Days Inventory is ranked worse than
63.09% of 680 companies
in the Business Services industry
Industry Median: 29.14 vs ASHTF: 59.94

Ashtead Group's Days Inventory declined from Jan. 2023 (72.93) to Jan. 2024 (59.30).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ashtead Group's Inventory Turnover for the three months ended in Jan. 2024 was 1.54.

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. Ashtead Group's Inventory-to-Revenue for the three months ended in Jan. 2024 was 0.07.

Ashtead Group Days Inventory Historical Data

The historical data trend for Ashtead 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.

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Ashtead Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Inventory

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52.43

57.50

50.42

52.46

57.56

Ashtead Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial															72.93	68.40	55.65	52.17	59.30

Competitive Comparison

For the Rental & Leasing Services subindustry, Ashtead 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.

Ashtead Group Days Inventory Distribution

For the Business Services industry and Industrials sector, Ashtead Group's Days Inventory distribution charts can be found below:

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

Ashtead Group Days Inventory Calculation

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

Ashtead Group's Days Inventory for the fiscal year that ended in Apr. 2023 is calculated as

	Days Inventory (A: Apr. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (168.5	+	181.3)	/	2 )	/	1109.1	*	365
=	174.9					/	1109.1	*	365
=	57.56

Ashtead Group's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

	Days Inventory (Q: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (180.4	+	192.5)	/	2 )	/	286.9	*	365 / 4
=	186.45					/	286.9	*	365 / 4
=	59.30

Ashtead Group (OTCPK:ASHTF) 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.

Ashtead Group's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	286.9	/	186.45
	=	1.54

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.

Ashtead Group's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	186.45	/	2657.8
	=	0.07

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.

Ashtead Group Days Inventory Related Terms

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Ashtead Group (Ashtead Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashtead Group PLC (OTCPK:ASHTF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ASHTY:USA AHTl:UK AHT:UK 0LC:Germany 0LC:Germany

Address

100 Cheapside, London, GBR, EC2V 6DT

Website

https://www.ashtead-group.com

Ashtead is an equipment rental business with operations in the U.S., Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the U.S. where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.