AirBoss of America (AirBoss of America) Days Inventory : 74.86 (As of Dec. 2023)

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What is AirBoss of America Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AirBoss of America's Average Total Inventories for the three months ended in Dec. 2023 was $71.8 Mil. AirBoss of America's Cost of Goods Sold for the three months ended in Dec. 2023 was $87.6 Mil. Hence, AirBoss of America's Days Inventory for the three months ended in Dec. 2023 was 74.86.

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

ABSSF' s Days Inventory Range Over the Past 10 Years
Min: 44.27 Med: 53.77 Max: 83.76
Current: 80.78

During the past 13 years, AirBoss of America's highest Days Inventory was 83.76. The lowest was 44.27. And the median was 53.77.

ABSSF's Days Inventory is ranked better than
51.47% of 1492 companies
in the Chemicals industry
Industry Median: 83.25 vs ABSSF: 80.78

AirBoss of America's Days Inventory declined from Dec. 2022 (92.50) to Dec. 2023 (74.86).

Inventory Turnover measures how fast the company turns over its inventory within a year. AirBoss of America's Inventory Turnover for the three months ended in Dec. 2023 was 1.22.

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. AirBoss of America's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.78.

AirBoss of America Days Inventory Historical Data

The historical data trend for AirBoss of America'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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AirBoss of America Days Inventory Chart

AirBoss of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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53.36

43.68

67.92

86.60

77.94

AirBoss of America Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															92.50	86.90	80.08	82.81	74.86

Competitive Comparison of AirBoss of America's Days Inventory

For the Specialty Chemicals subindustry, AirBoss of America'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.

AirBoss of America's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AirBoss of America's Days Inventory distribution charts can be found below:

* The bar in red indicates where AirBoss of America's Days Inventory falls into.

AirBoss of America Days Inventory Calculation

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

AirBoss of America'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
=	( (92.833	+	64.159)	/	2 )	/	367.615	*	365
=	78.496					/	367.615	*	365
=	77.94

AirBoss of America'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (79.538	+	64.159)	/	2 )	/	87.574	*	365 / 4
=	71.8485					/	87.574	*	365 / 4
=	74.86

AirBoss of America (OTCPK:ABSSF) 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.

AirBoss of America's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	87.574	/	71.8485
	=	1.22

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.

AirBoss of America's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	71.8485	/	92.696
	=	0.78

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.

AirBoss of America Days Inventory Related Terms

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AirBoss of America (AirBoss of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AirBoss of America Corp (OTCPK:ABSSF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

2S1:Germany BOS:Canada

Address

16441 Yonge Street, Newmarket, ON, CAN, L3X 2G8

Website

https://www.airboss.com

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments, 1) The Rubber Solutions segment includes the manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. 2) The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts. 3) The AirBoss Defense Group is engaged in the manufacturing and distributing of personal protection and safety products and the manufacture of semi-finished rubber-related products. The Company operates manufacturing facilities and sales offices in the United States and Canada, selling in North American markets.