Rath AG (LTS:0FRT) Days Inventory : 197.67 (As of Dec. 2023)

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What is Rath AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Rath AG's Average Total Inventories for the six months ended in Dec. 2023 was €30.3 Mil. Rath AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €28.0 Mil. Hence, Rath AG's Days Inventory for the six months ended in Dec. 2023 was 197.67.

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

LTS:0FRT' s Days Inventory Range Over the Past 10 Years
Min: 156.51 Med: 191.6 Max: 237.5
Current: 194.7

During the past 13 years, Rath AG's highest Days Inventory was 237.50. The lowest was 156.51. And the median was 191.60.

LTS:0FRT's Days Inventory is ranked worse than
86.23% of 1394 companies
in the Construction industry
Industry Median: 48.575 vs LTS:0FRT: 194.70

Rath AG's Days Inventory increased from Dec. 2022 (163.87) to Dec. 2023 (197.67). It might indicate that Rath AG's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Rath AG's Inventory Turnover for the six months ended in Dec. 2023 was 0.92.

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. Rath AG's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.50.

Rath AG Days Inventory Historical Data

The historical data trend for Rath AG'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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Rath AG Days Inventory Chart

Rath AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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175.53

195.18

176.52

156.51

188.02

Rath AG 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															164.18	160.14	163.87	198.42	197.67

Competitive Comparison of Rath AG's Days Inventory

For the Building Products & Equipment subindustry, Rath AG'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.

Rath AG's Days Inventory Distribution in the Construction Industry

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

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

Rath AG Days Inventory Calculation

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

Rath AG's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (27.481	+	29.195)	/	2 )	/	55.013	*	365
=	28.338					/	55.013	*	365
=	188.02

Rath AG'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
=	( (31.359	+	29.195)	/	2 )	/	27.954	*	365 / 2
=	30.277					/	27.954	*	365 / 2
=	197.67

Rath AG (LTS:0FRT) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	27.954	/	30.277
	=	0.92

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	30.277	/	60.587
	=	0.50

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.

Rath AG Days Inventory Related Terms

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

Rath AG (LTS:0FRT) Business Description

Industry

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RAT:Austria

Address

Walfischgasse 14, Vienna, AUT, 1015

Website

http://www.rath.at

Rath AG is an Austrian company that manufactures refractory products. It produces dense stones, refractory bricks, masses and high-temperature wool. It operates in nine different industry sectors, namely Iron and steel industry, domestic fireplaces, ceramic industry, sonderofenbau, energy and environmental technology, chemical, and petrochemical industry, glass industry, non-ferrous metal industry and cement and lime industry.

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