Sureserve Group (LSE:SUR) Days Inventory : 8.39 (As of Mar. 2023)

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What is Sureserve Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sureserve Group's Average Total Inventories for the six months ended in Mar. 2023 was £6.2 Mil. Sureserve Group's Cost of Goods Sold for the six months ended in Mar. 2023 was £134.1 Mil. Hence, Sureserve Group's Days Inventory for the six months ended in Mar. 2023 was 8.39.

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

LSE:SUR' s Days Inventory Range Over the Past 10 Years
Min: 3.54 Med: 7.07 Max: 11.43
Current: 7.68

During the past 11 years, Sureserve Group's highest Days Inventory was 11.43. The lowest was 3.54. And the median was 7.07.

LSE:SUR's Days Inventory is not ranked
in the Construction industry.
Industry Median: 48.6 vs LSE:SUR: 7.68

Sureserve Group's Days Inventory increased from Mar. 2022 (6.92) to Mar. 2023 (8.39). It might indicate that Sureserve Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sureserve Group's Inventory Turnover for the six months ended in Mar. 2023 was 21.74.

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. Sureserve Group's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.04.

Sureserve Group Days Inventory Historical Data

The historical data trend for Sureserve 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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Sureserve Group Days Inventory Chart

Sureserve Group Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Days Inventory

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9.73

7.42

6.92

7.31

7.22

Sureserve Group Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Days Inventory	Get a 7-Day Free Trial															6.57	7.16	6.92	6.63	8.39

Competitive Comparison of Sureserve Group's Days Inventory

For the Building Products & Equipment subindustry, Sureserve 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.

Sureserve Group's Days Inventory Distribution in the Construction Industry

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

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

Sureserve Group Days Inventory Calculation

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

Sureserve Group's Days Inventory for the fiscal year that ended in Sep. 2022 is calculated as

	Days Inventory (A: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2021 )	+	Total Inventories (A: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2022 )	*	Days in Period
=	( (4.199	+	5.059)	/	2 )	/	234.049	*	365
=	4.629					/	234.049	*	365
=	7.22

Sureserve Group's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (5.059	+	7.275)	/	2 )	/	134.071	*	365 / 2
=	6.167					/	134.071	*	365 / 2
=	8.39

Sureserve Group (LSE:SUR) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	134.071	/	6.167
	=	21.74

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.167	/	155.303
	=	0.04

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.

Sureserve Group Days Inventory Related Terms

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

Sureserve Group (LSE:SUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sureserve Group PLC (LSE:SUR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

Crossways Business Park, Crossways Point 15, Victory Way, Dartford, Kent, GBR, DA2 6DT

Website

https://www.sureservegroup.co.uk

Sureserve Group PLC is a compliance and energy support services group that performs critical functions in homes, and public and commercial buildings, with a focus on clients in the UK public sector and regulated markets. Its services are delivered through two divisions: Compliance and Energy Services. The Compliance segment is focused on gas, fire, electrics, air, water, and lifts where it contracts under framework agreements. The Energy Services offers services in the energy efficiency sector, including external, internal, and cavity wall insulation, loft insulation, gas central heating, boiler upgrades, and other renewable technologies. All revenue and profit of the company are derived from operations in the United Kingdom.

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