DGL Group (ASX:DGL) Days Inventory : 61.77 (As of Dec. 2023)

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What is DGL Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). DGL Group's Average Total Inventories for the six months ended in Dec. 2023 was A$40.5 Mil. DGL Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$119.8 Mil. Hence, DGL Group's Days Inventory for the six months ended in Dec. 2023 was 61.77.

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

ASX:DGL' s Days Inventory Range Over the Past 10 Years
Min: 49.2 Med: 53.31 Max: 56.43
Current: 56.43

During the past 3 years, DGL Group's highest Days Inventory was 56.43. The lowest was 49.20. And the median was 53.31.

ASX:DGL's Days Inventory is ranked better than
59.78% of 450 companies
in the Conglomerates industry
Industry Median: 75.05 vs ASX:DGL: 56.43

DGL Group's Days Inventory declined from Dec. 2022 (62.83) to Dec. 2023 (61.77).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. DGL Group's Inventory Turnover for the six months ended in Dec. 2023 was 2.95.

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. DGL Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.19.

DGL Group Days Inventory Historical Data

The historical data trend for DGL 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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DGL Group Days Inventory Chart

DGL Group Annual Data

Trend

Jun21

Jun22

Jun23

Days Inventory

56.19

49.20

53.31

DGL Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			47.31	50.28	62.83	49.10	61.77

Competitive Comparison of DGL Group's Days Inventory

For the Conglomerates subindustry, DGL 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.

DGL Group's Days Inventory Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, DGL Group's Days Inventory distribution charts can be found below:

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

DGL Group Days Inventory Calculation

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

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

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (48.269	+	37.249)	/	2 )	/	292.768	*	365
=	42.759					/	292.768	*	365
=	53.31

DGL Group'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (37.249	+	43.839)	/	2 )	/	119.778	*	365 / 2
=	40.544					/	119.778	*	365 / 2
=	61.77

DGL Group (ASX:DGL) 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.

DGL Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	119.778	/	40.544
	=	2.95

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.

DGL Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	40.544	/	216.287
	=	0.19

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.

DGL Group Days Inventory Related Terms

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

DGL Group (ASX:DGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » DGL Group Ltd (ASX:DGL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/- DW Accounting and Advisory Pty Ltd, Level 4, 91-97 William Street, Melbourne, VIC, AUS, 3000

Website

https://www.dglgroup.com

DGL Group Ltd is an investment holding company. The company's segment includes Environmental Solutions; Chemical Manufacturing; Warehousing and Distribution and Corporate Costs. It generates maximum revenue from the Chemical Manufacturing segment. The Chemical Manufacturing segment produces its own range of speciality chemicals and undertaken advanced formulation and contract manufacturing on behalf of third parties.