Days Inventory is also known as Days Sales of Inventory (DSI). Furmanite's Average Total Inventories for the
three
months ended in Sep. 2015 was $42.8 Mil. Furmanite's Cost of Goods Sold for the
three
months ended in Sep. 2015 was $71.8 Mil.
Hence, Furmanite's Days Inventory for the
three
months ended in Sep. 2015 was 54.39.
The historical rank and industry rank for Furmanite's Days Inventory or its related term are showing as below:
FRM's Days Inventory is not ranked *
in the Construction industry.
Industry Median: 48.8 * Ranked among companies with meaningful Days Inventory only.
Furmanite's Days Inventory
increased
from Sep. 2014 (52.85) to Sep. 2015 (54.39).
It might indicate that Furmanite's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Furmanite's Inventory Turnover for the
three
months ended in Sep. 2015 was 1.68.
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.
Furmanite's Inventory-to-Revenue for the
three
months ended in Sep. 2015 was 0.44.
Furmanite Days Inventory Historical Data
The historical data trend for Furmanite'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.
Competitive Comparison of Furmanite's Days Inventory
For the Engineering & Construction subindustry, Furmanite'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.
Furmanite's Days Inventory Distribution in the Construction Industry
For the Construction industry and Industrials sector, Furmanite's Days Inventory distribution charts can be found below:
* The bar in red indicates where Furmanite's Days Inventory falls into.
Furmanite Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Furmanite's Days Inventory for the fiscal year that ended in Dec. 2014 is calculated as
* 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.
Furmanite (NYSE:FRM) 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.
Furmanite's Inventory Turnover for the
three
months ended in Sep. 2015 is calculated as
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.
Furmanite's Inventory to Revenue for the
three
months ended in Sep. 2015 is calculated as
* 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.
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.
Furmanite Days Inventory Related Terms
Thank you for viewing the detailed overview of Furmanite's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Furmanite Corp was incorporated in Delaware on January 23, 1953. It provides specialized technical services. The Company together with its subsidiaries conducts business under two operating segments; Technical Services and Engineering & Project Solutions. Technical Services provides specialized technical services, including on-line, off-line and other services. On-line services include leak sealing, hot tapping, line stopping, line isolation, composite repair, valve testing and certain non-destructive testing and inspection services, while off-line services include on-site machining, heat treatment, bolting, valve repair and other non-destructive testing and inspection services. Other services include smart shim services, concrete repair, engineering services, valves and other products and manufacturing. These services and products are provided mainly to electric power generating plants, the petroleum industry, which includes refineries and off-shore drilling rigs, chemical plants and other process industries in the Americas, EMEA and Asia-Pacific through a wholly owned subsidiary of the Parent Company, Furmanite Worldwide, Inc. and its domestic and international subsidiaries and affiliates. The Engineering & Project Solutions operating segment, which includes Furmanite Technical Solutions, provides project planning, professional engineering, downstream non-destructive testing and inspection, construction management, mechanical integrity, field support, quality assurance and plant asset management services, as well as certain other inspection and project management services. Customers include refining and petrochemical operators as well as maintenance, and engineering and construction contractors servicing the downstream and midstream oil and gas markets, all of which are in the Americas. The Company currently operates over 30 offices in the United States. The Company competes against large and well established national and international companies as well as regional and local companies. It also competes with the in-house maintenance departments of customers or potential customers. Many aspects of the Company's operations are subject to governmental regulation.
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