Velan (FRA:946) Days Inventory : 319.05 (As of Nov. 2023)

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What is Velan Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Velan's Average Total Inventories for the three months ended in Nov. 2023 was €208.6 Mil. Velan's Cost of Goods Sold for the three months ended in Nov. 2023 was €59.7 Mil. Hence, Velan's Days Inventory for the three months ended in Nov. 2023 was 319.05.

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

FRA:946' s Days Inventory Range Over the Past 10 Years
Min: 196.26 Med: 234.53 Max: 318.98
Current: 318.98

During the past 13 years, Velan's highest Days Inventory was 318.98. The lowest was 196.26. And the median was 234.53.

FRA:946's Days Inventory is ranked worse than
90.61% of 2908 companies
in the Industrial Products industry
Industry Median: 120.82 vs FRA:946: 318.98

Velan's Days Inventory increased from Nov. 2022 (299.99) to Nov. 2023 (319.05). It might indicate that Velan's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Velan's Inventory Turnover for the three months ended in Nov. 2023 was 0.29.

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. Velan's Inventory-to-Revenue for the three months ended in Nov. 2023 was 2.79.

Velan Days Inventory Historical Data

The historical data trend for Velan'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.

Velan Days Inventory Chart

Velan Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Inventory

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209.32

212.02

323.73

274.04

292.31

Velan Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Inventory	Get a 7-Day Free Trial															299.99	261.69	366.55	355.39	319.05

Competitive Comparison of Velan's Days Inventory

For the Specialty Industrial Machinery subindustry, Velan'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.

Velan's Days Inventory Distribution in the Industrial Products Industry

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

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

Velan Days Inventory Calculation

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

Velan's Days Inventory for the fiscal year that ended in Feb. 2023 is calculated as

	Days Inventory (A: Feb. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (196.637	+	189.274)	/	2 )	/	240.939	*	365
=	192.9555					/	240.939	*	365
=	292.31

Velan's Days Inventory for the quarter that ended in Nov. 2023 is calculated as:

	Days Inventory (Q: Nov. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (207.121	+	210.021)	/	2 )	/	59.652	*	365 / 4
=	208.571					/	59.652	*	365 / 4
=	319.05

Velan (FRA:946) 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.

Velan's Inventory Turnover for the three months ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	59.652	/	208.571
	=	0.29

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.

Velan's Inventory to Revenue for the three months ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	208.571	/	74.793
	=	2.79

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.

Velan Days Inventory Related Terms

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

Velan (FRA:946) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Velan Inc (FRA:946) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

VLNSF:USA VLN:Canada

Address

7007 Cote de Liesse, Montreal, QC, CAN, H4T 1G2

Website

https://www.velan.com

Velan Inc is an international manufacturer of industrial valves. It offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil, and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The company operates in various geographical regions: Canada, the United States, France, Italy, and Other countries.

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