Tekmar Group (LSE:TGP) Days Inventory : 39.47 (As of Sep. 2023)

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What is Tekmar Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tekmar Group's Average Total Inventories for the six months ended in Sep. 2023 was £3.85 Mil. Tekmar Group's Cost of Goods Sold for the six months ended in Sep. 2023 was £17.79 Mil. Hence, Tekmar Group's Days Inventory for the six months ended in Sep. 2023 was 39.47.

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

LSE:TGP' s Days Inventory Range Over the Past 10 Years
Min: 28.33 Med: 37.68 Max: 56.43
Current: 48.96

During the past 8 years, Tekmar Group's highest Days Inventory was 56.43. The lowest was 28.33. And the median was 37.68.

LSE:TGP's Days Inventory is ranked worse than
50.29% of 1396 companies
in the Construction industry
Industry Median: 48.6 vs LSE:TGP: 48.96

Tekmar Group's Days Inventory declined from Sep. 2022 (54.32) to Sep. 2023 (39.47).

Inventory Turnover measures how fast the company turns over its inventory within a year. Tekmar Group's Inventory Turnover for the six months ended in Sep. 2023 was 4.62.

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. Tekmar Group's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.17.

Tekmar Group Days Inventory Historical Data

The historical data trend for Tekmar 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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Tekmar Group Days Inventory Chart

Tekmar Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Sep22

Sep23

Days Inventory

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43.35

37.68

28.33

56.43

40.25

Tekmar Group Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial								41.08	47.79	54.32	72.54	39.47

Competitive Comparison of Tekmar Group's Days Inventory

For the Engineering & Construction subindustry, Tekmar 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.

Tekmar Group's Days Inventory Distribution in the Construction Industry

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

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

Tekmar Group Days Inventory Calculation

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

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

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (4.623	+	2.127)	/	2 )	/	30.608	*	365
=	3.375					/	30.608	*	365
=	40.25

Tekmar Group's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (5.568	+	2.127)	/	2 )	/	17.788	*	365 / 2
=	3.8475					/	17.788	*	365 / 2
=	39.47

Tekmar Group (LSE:TGP) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	17.788	/	3.8475
	=	4.62

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.8475	/	22.193
	=	0.17

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.

Tekmar Group Days Inventory Related Terms

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Tekmar Group (LSE:TGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tekmar Group PLC (LSE:TGP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

6UA:Germany

Address

Centurion Way, Innovation House, Darlington, GBR, DL3 0UP

Website

https://www.tekmargroup.com

Tekmar Group PLC is engaged in the designing, manufacturing, and supply of subsea cable, umbilical, and flexible protection systems. Its sector includes Offshore Wind, Oil & Gas, Interconnectors, Wave & Tidal, Marine Civils, and Telecoms. Geographically it has a presence in the UK and Ireland, China, the USA and Canada, the Middle East, and the Rest of the World, and the majority of the revenue comes from Europe.