Smiths News (Smiths News) Days Inventory : 6.40 (As of Aug. 2023)

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What is Smiths News Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Smiths News's Average Total Inventories for the six months ended in Aug. 2023 was $23 Mil. Smiths News's Cost of Goods Sold for the six months ended in Aug. 2023 was $644 Mil. Hence, Smiths News's Days Inventory for the six months ended in Aug. 2023 was 6.40.

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

SMWPY' s Days Inventory Range Over the Past 10 Years
Min: 3.45 Med: 5.57 Max: 10.58
Current: 6.22

During the past 13 years, Smiths News's highest Days Inventory was 10.58. The lowest was 3.45. And the median was 5.57.

SMWPY's Days Inventory is ranked better than
77.32% of 657 companies
in the Media - Diversified industry
Industry Median: 26.06 vs SMWPY: 6.22

Smiths News's Days Inventory increased from Aug. 2022 (5.76) to Aug. 2023 (6.40). It might indicate that Smiths News's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Smiths News's Inventory Turnover for the six months ended in Aug. 2023 was 28.51.

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 News's Inventory-to-Revenue for the six months ended in Aug. 2023 was 0.03.

Smiths News Days Inventory Historical Data

The historical data trend for Smiths News'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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Smiths News Days Inventory Chart

Smiths News Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Inventory

Get a 7-Day Free Trial

4.54

4.86

4.69

5.53

5.80

Smiths News Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Days Inventory	Get a 7-Day Free Trial															5.00	5.04	5.76	6.10	6.40

Competitive Comparison of Smiths News's Days Inventory

For the Publishing subindustry, Smiths News'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 News's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Smiths News's Days Inventory distribution charts can be found below:

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

Smiths News Days Inventory Calculation

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

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

	Days Inventory (A: Aug. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (18.683	+	22.49)	/	2 )	/	1295.299	*	365
=	20.5865					/	1295.299	*	365
=	5.80

Smiths News's Days Inventory for the quarter that ended in Aug. 2023 is calculated as:

	Days Inventory (Q: Aug. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (22.705	+	22.49)	/	2 )	/	644.218	*	365 / 2
=	22.5975					/	644.218	*	365 / 2
=	6.40

Smiths News (OTCPK:SMWPY) 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 News's Inventory Turnover for the six months ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	644.218	/	22.5975
	=	28.51

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 News's Inventory to Revenue for the six months ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.5975	/	688.437
	=	0.03

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 News Days Inventory Related Terms

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

Smiths News (Smiths News) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Smiths News PLC (OTCPK:SMWPY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SNWSl:UK CNCT.GB:UK SNWS:UK T6N:Germany

Address

Rowan House, Cherry Orchard North, Kembrey Park, Swindon, Wiltshire, GBR, SN2 8UH

Website

https://www.smithsnews.co.uk

Smiths News PLC is a UK-based wholesale distributor of published content. The group is one of the UK's foremost publishers of newspapers and magazines, and it also operates as a book distributor through bookstores and an online platform serving the needs of academics and public libraries. Geographically, it derives a majority of revenue from the United Kingdom. Its segments include Smiths News Core; Dawson Media Direct (DMD); Instore and others.