IPD Group (ASX:IPG) Days Inventory : 116.17 (As of Dec. 2023)

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What is IPD Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). IPD Group's Average Total Inventories for the six months ended in Dec. 2023 was A$46.1 Mil. IPD Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$72.5 Mil. Hence, IPD Group's Days Inventory for the six months ended in Dec. 2023 was 116.17.

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

ASX:IPG' s Days Inventory Range Over the Past 10 Years
Min: 97.99 Med: 103.94 Max: 114.28
Current: 114.28

During the past 3 years, IPD Group's highest Days Inventory was 114.28. The lowest was 97.99. And the median was 103.94.

ASX:IPG's Days Inventory is ranked better than
53.12% of 2905 companies
in the Industrial Products industry
Industry Median: 120.1 vs ASX:IPG: 114.28

IPD Group's Days Inventory increased from Dec. 2022 (99.36) to Dec. 2023 (116.17). It might indicate that IPD Group'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. IPD Group's Inventory Turnover for the six months ended in Dec. 2023 was 1.57.

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. IPD Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.38.

IPD Group Days Inventory Historical Data

The historical data trend for IPD 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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IPD Group Days Inventory Chart

IPD Group Annual Data

Trend

Jun21

Jun22

Jun23

Days Inventory

109.88

97.99

IPD Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	113.27	99.46	99.36	109.04	116.17

Competitive Comparison of IPD Group's Days Inventory

For the Specialty Industrial Machinery subindustry, IPD 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.

IPD Group's Days Inventory Distribution in the Industrial Products Industry

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

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

IPD Group Days Inventory Calculation

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

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

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (32.908	+	42.327)	/	2 )	/	140.119	*	365
=	37.6175					/	140.119	*	365
=	97.99

IPD Group'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
=	( (42.327	+	49.943)	/	2 )	/	72.474	*	365 / 2
=	46.135					/	72.474	*	365 / 2
=	116.17

IPD Group (ASX:IPG) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	72.474	/	46.135
	=	1.57

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	46.135	/	120.736
	=	0.38

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.

IPD Group Days Inventory Related Terms

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

IPD Group (ASX:IPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IPD Group Ltd (ASX:IPG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

43-47 Newton Road, Wetherill Park, Sydney, NSW, AUS, 2164

Website

https://www.ipdgroup.com.au

IPD Group Ltd serves the electrical industry. The company's core focus is power distribution, power monitoring, industrial control, renewables, test and measurement, and services, across a range of verticals such as power generation, commercial, hospitality, infrastructure, and sports and leisure facilities. Its segment includes Products division and Services division. The company generates maximum revenue from the Products division segment. The company's product division consists of five different types of product categories namely, Power distribution, Industrial and motor control, Automation and industrial communication, Power monitoring, Electric vehicle solutions.