ADM Tronics Unlimited (ADM Tronics Unlimited) Days Inventory : 107.55 (As of Dec. 2023)

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What is ADM Tronics Unlimited Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ADM Tronics Unlimited's Average Total Inventories for the three months ended in Dec. 2023 was $0.44 Mil. ADM Tronics Unlimited's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.38 Mil. Hence, ADM Tronics Unlimited's Days Inventory for the three months ended in Dec. 2023 was 107.55.

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

ADMT' s Days Inventory Range Over the Past 10 Years
Min: 28.62 Med: 51.93 Max: 94.17
Current: 94.17

During the past 13 years, ADM Tronics Unlimited's highest Days Inventory was 94.17. The lowest was 28.62. And the median was 51.93.

ADMT's Days Inventory is ranked better than
84.92% of 776 companies
in the Medical Devices & Instruments industry
Industry Median: 187.12 vs ADMT: 94.17

ADM Tronics Unlimited's Days Inventory increased from Dec. 2022 (72.66) to Dec. 2023 (107.55). It might indicate that ADM Tronics Unlimited's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. ADM Tronics Unlimited's Inventory Turnover for the three months ended in Dec. 2023 was 0.85.

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. ADM Tronics Unlimited's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.64.

ADM Tronics Unlimited Days Inventory Historical Data

The historical data trend for ADM Tronics Unlimited'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.

ADM Tronics Unlimited Days Inventory Chart

ADM Tronics Unlimited Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

Get a 7-Day Free Trial

66.10

66.72

56.77

48.00

66.08

ADM Tronics Unlimited 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															72.66	101.05	99.27	75.51	107.55

Competitive Comparison of ADM Tronics Unlimited's Days Inventory

For the Medical Devices subindustry, ADM Tronics Unlimited'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.

ADM Tronics Unlimited's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, ADM Tronics Unlimited's Days Inventory distribution charts can be found below:

* The bar in red indicates where ADM Tronics Unlimited's Days Inventory falls into.

ADM Tronics Unlimited Days Inventory Calculation

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

ADM Tronics Unlimited's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.288	+	0.443)	/	2 )	/	2.019	*	365
=	0.3655					/	2.019	*	365
=	66.08

ADM Tronics Unlimited'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
=	( (0.397	+	0.487)	/	2 )	/	0.375	*	365 / 4
=	0.442					/	0.375	*	365 / 4
=	107.55

ADM Tronics Unlimited (OTCPK:ADMT) 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.

ADM Tronics Unlimited's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.375	/	0.442
	=	0.85

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.

ADM Tronics Unlimited's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.442	/	0.696
	=	0.64

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.

ADM Tronics Unlimited Days Inventory Related Terms

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

ADM Tronics Unlimited (ADM Tronics Unlimited) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » ADM Tronics Unlimited Inc (OTCPK:ADMT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

224 Pegasus Avenue, Northvale, NJ, USA, 07647

Website

https://www.admtronics.com

ADM Tronics Unlimited Inc is a diversified, technology-based developer and manufacturer of technologies and products in the United States. The company's operating segment includes Chemical; Electronics and Engineering. It generates maximum revenue from the Electronics segment. The Electronics segment develops and manufactures electronic technologies for non-invasive, electrotherapeutic and diagnostic medical devices as well as for veterinary and other applications. It derives revenue from the production and sale of electronics for medical devices and other applications; environmentally safe chemical products for industrial, medical and cosmetic uses; research, development, regulatory, and engineering services.