Service Stream (ASX:SSM) Days Inventory : 52.94 (As of Dec. 2023)

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What is Service Stream Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Service Stream's Average Total Inventories for the six months ended in Dec. 2023 was A$19 Mil. Service Stream's Cost of Goods Sold for the six months ended in Dec. 2023 was A$64 Mil. Hence, Service Stream's Days Inventory for the six months ended in Dec. 2023 was 52.94.

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

ASX:SSM' s Days Inventory Range Over the Past 10 Years
Min: 35.74 Med: 85.52 Max: 179.39
Current: 45.8

During the past 13 years, Service Stream's highest Days Inventory was 179.39. The lowest was 35.74. And the median was 85.52.

ASX:SSM's Days Inventory is ranked better than
50.9% of 1395 companies
in the Construction industry
Industry Median: 48.56 vs ASX:SSM: 45.80

Service Stream's Days Inventory increased from Dec. 2022 (38.69) to Dec. 2023 (52.94). It might indicate that Service Stream's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Service Stream's Inventory Turnover for the six months ended in Dec. 2023 was 3.45.

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. Service Stream's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.

Service Stream Days Inventory Historical Data

The historical data trend for Service Stream'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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Service Stream Days Inventory Chart

Service Stream Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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58.45

50.64

46.41

44.69

35.74

Service Stream Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															57.11	53.64	38.69	38.09	52.94

Competitive Comparison of Service Stream's Days Inventory

For the Engineering & Construction subindustry, Service Stream'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.

Service Stream's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Service Stream's Days Inventory distribution charts can be found below:

* The bar in red indicates where Service Stream's Days Inventory falls into.

Service Stream Days Inventory Calculation

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

Service Stream'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
=	( (14.738	+	16.445)	/	2 )	/	159.217	*	365
=	15.5915					/	159.217	*	365
=	35.74

Service Stream'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
=	( (16.445	+	20.789)	/	2 )	/	64.175	*	365 / 2
=	18.617					/	64.175	*	365 / 2
=	52.94

Service Stream (ASX:SSM) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	64.175	/	18.617
	=	3.45

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18.617	/	1132.524
	=	0.02

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.

Service Stream Days Inventory Related Terms

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

Service Stream (ASX:SSM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Service Stream Ltd (ASX:SSM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

UFY:Germany

Address

357 Collins Street, Level 4, Melbourne, VIC, AUS, 3000

Website

https://www.servicestream.com.au

Service Stream Ltd is engaged in the provision of telecommunications and network services. The operating business segments are Telecommunications and Utilities. The Telecommunications segment provides a range of operations, maintenance, installation, design and construction services to the owners of fixed-line and wireless telecommunication networks in Australia. Utilities segment provide operations, maintenance, design and construction services, as well as specialist metering, new energy and inspection services to the gas, water and electricity network owners and others. It generates revenue from the provision of ticket of work services, delivery of projects, cost reimbursable contracts and overhead recovery.

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