Finning International (Finning International) Days Inventory : 129.35 (As of Dec. 2023)

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What is Finning International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Finning International's Average Total Inventories for the three months ended in Dec. 2023 was $2,139 Mil. Finning International's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,509 Mil. Hence, Finning International's Days Inventory for the three months ended in Dec. 2023 was 129.35.

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

FINGF' s Days Inventory Range Over the Past 10 Years
Min: 105.12 Med: 129.82 Max: 149.38
Current: 125.76

During the past 13 years, Finning International's highest Days Inventory was 149.38. The lowest was 105.12. And the median was 129.82.

FINGF's Days Inventory is ranked worse than
68.31% of 142 companies
in the Industrial Distribution industry
Industry Median: 87.29 vs FINGF: 125.76

Finning International's Days Inventory increased from Dec. 2022 (113.41) to Dec. 2023 (129.35). It might indicate that Finning International's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Finning International's Inventory Turnover for the three months ended in Dec. 2023 was 0.71.

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. Finning International's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.08.

Finning International Days Inventory Historical Data

The historical data trend for Finning International'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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Finning International Days Inventory Chart

Finning International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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121.61

134.63

105.09

109.96

121.06

Finning International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															113.41	134.66	115.84	127.99	129.35

Competitive Comparison of Finning International's Days Inventory

For the Industrial Distribution subindustry, Finning International'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.

Finning International's Days Inventory Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Finning International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Finning International's Days Inventory falls into.

Finning International Days Inventory Calculation

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

Finning International's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1811.557	+	2119.857)	/	2 )	/	5926.506	*	365
=	1965.707					/	5926.506	*	365
=	121.06

Finning International's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2157.268	+	2119.857)	/	2 )	/	1508.647	*	365 / 4
=	2138.5625					/	1508.647	*	365 / 4
=	129.35

Finning International (OTCPK:FINGF) 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.

Finning International's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1508.647	/	2138.5625
	=	0.71

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.

Finning International's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2138.5625	/	1985.689
	=	1.08

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.

Finning International Days Inventory Related Terms

Thank you for viewing the detailed overview of Finning International's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Finning International (Finning International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Finning International Inc (OTCPK:FINGF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CIH:Germany FTT:Canada

Address

19100 94th Avenue, Surrey, BC, CAN, V4N 5C3

Website

https://www.finning.com

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery. The company operates in Canada, South America, UK and Ireland, and others.