Smiths Group (Smiths Group) Days Inventory : 125.05 (As of Jan. 2024)

View and export this data going back to . Start your Free Trial

What is Smiths Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Smiths Group's Average Total Inventories for the six months ended in Jan. 2024 was $823 Mil. Smiths Group's Cost of Goods Sold for the six months ended in Jan. 2024 was $1,201 Mil. Hence, Smiths Group's Days Inventory for the six months ended in Jan. 2024 was 125.05.

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

SMGKF' s Days Inventory Range Over the Past 10 Years
Min: 96.71 Med: 104.56 Max: 126.25
Current: 125.28

During the past 13 years, Smiths Group's highest Days Inventory was 126.25. The lowest was 96.71. And the median was 104.56.

SMGKF's Days Inventory is ranked worse than
52.29% of 2907 companies
in the Industrial Products industry
Industry Median: 119.85 vs SMGKF: 125.28

Smiths Group's Days Inventory increased from Jan. 2023 (120.54) to Jan. 2024 (125.05). It might indicate that Smiths Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Smiths Group's Inventory Turnover for the six months ended in Jan. 2024 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. Smiths Group's Inventory-to-Revenue for the six months ended in Jan. 2024 was 0.43.

Smiths Group Days Inventory Historical Data

The historical data trend for Smiths 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.

* Premium members only.

Smiths Group Days Inventory Chart

Smiths Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Inventory

Get a 7-Day Free Trial

116.14

97.61

96.86

114.72

111.02

Smiths Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Days Inventory	Get a 7-Day Free Trial															103.57	112.90	120.54	121.08	125.05

Competitive Comparison of Smiths Group's Days Inventory

For the Specialty Industrial Machinery subindustry, Smiths 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.

Smiths Group's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Smiths Group's Days Inventory distribution charts can be found below:

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

Smiths Group Days Inventory Calculation

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

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

	Days Inventory (A: Jul. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (683.453	+	820.876)	/	2 )	/	2472.938	*	365
=	752.1645					/	2472.938	*	365
=	111.02

Smiths 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: Jul. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (820.876	+	824.651)	/	2 )	/	1200.763	*	365 / 2
=	822.7635					/	1200.763	*	365 / 2
=	125.05

Smiths Group (OTCPK:SMGKF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1200.763	/	822.7635
	=	1.46

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	822.7635	/	1914.867
	=	0.43

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.

Smiths Group Days Inventory Related Terms

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

Smiths Group (Smiths Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Smiths Group PLC (OTCPK:SMGKF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SMGZY:USA SMINl:UK SMIN:UK QS2A:Germany

Address

11-12 St James’s Square, 4th Floor, London, GBR, SW1Y 4LB

Website

https://www.smiths.com

With its start as a London jeweler in the 19th century, Smiths Group has for most of its history operated as a company operating disparate but economically attractive businesses. Thematically, it runs businesses that manufacture niche products in security- or safety-sensitive industries. Today, the business is split across four divisions: mechanical seals, weapons detection, electrical connectors, and specialized hoses. The end customers for these products include airports, NASA, government security or defense departments, and hospitals.