Altra Industrial Motion (Altra Industrial Motion) Days Inventory : 101.19 (As of Dec. 2022)

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What is Altra Industrial Motion Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Altra Industrial Motion's Average Total Inventories for the three months ended in Dec. 2022 was $331 Mil. Altra Industrial Motion's Cost of Goods Sold for the three months ended in Dec. 2022 was $299 Mil. Hence, Altra Industrial Motion's Days Inventory for the three months ended in Dec. 2022 was 101.19.

The historical rank and industry rank for Altra Industrial Motion's Days Inventory or its related term are showing as below:

AIMC' s Days Inventory Range Over the Past 10 Years
Min: 70.3 Med: 87.52 Max: 97.85
Current: 90.61

During the past 13 years, Altra Industrial Motion's highest Days Inventory was 97.85. The lowest was 70.30. And the median was 87.52.

AIMC's Days Inventory is not ranked
in the Industrial Products industry.
Industry Median: 119.76 vs AIMC: 90.61

Altra Industrial Motion's Days Inventory increased from Dec. 2021 (76.77) to Dec. 2022 (101.19). It might indicate that Altra Industrial Motion's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Altra Industrial Motion's Inventory Turnover for the three months ended in Dec. 2022 was 0.90.

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. Altra Industrial Motion's Inventory-to-Revenue for the three months ended in Dec. 2022 was 0.71.

Altra Industrial Motion Days Inventory Historical Data

The historical data trend for Altra Industrial Motion'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.

Altra Industrial Motion Days Inventory Chart

Altra Industrial Motion Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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86.05

70.30

71.59

71.28

88.39

Altra Industrial Motion Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Days Inventory	Get a 7-Day Free Trial															76.77	79.31	87.68	98.07	101.19

Competitive Comparison of Altra Industrial Motion's Days Inventory

For the Specialty Industrial Machinery subindustry, Altra Industrial Motion'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.

Altra Industrial Motion's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Altra Industrial Motion's Days Inventory falls into.

Altra Industrial Motion Days Inventory Calculation

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

Altra Industrial Motion's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (267.8	+	338.9)	/	2 )	/	1252.6	*	365
=	303.35					/	1252.6	*	365
=	88.39

Altra Industrial Motion's Days Inventory for the quarter that ended in Dec. 2022 is calculated as:

	Days Inventory (Q: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (323.6	+	338.9)	/	2 )	/	298.7	*	365 / 4
=	331.25					/	298.7	*	365 / 4
=	101.19

Altra Industrial Motion (NAS:AIMC) 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.

Altra Industrial Motion's Inventory Turnover for the three months ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	298.7	/	331.25
	=	0.90

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.

Altra Industrial Motion's Inventory to Revenue for the three months ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	331.25	/	469.4
	=	0.71

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.

Altra Industrial Motion Days Inventory Related Terms

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

Altra Industrial Motion (Altra Industrial Motion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Altra Industrial Motion Corp (NAS:AIMC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Granite Street, Suite 201, Braintree, MA, USA, 02184

Website

https://www.altramotion.com

Altra Industrial Motion Corp is a United States-based company that designs, manufactures, and sells a wide range of electromechanical power transmission motion control. The company operates through two business segments based on product types and end markets served: the power transmission technologies segment and the automation and specialty segment. The company's product portfolio consists of products such as clutches, brakes, gears, and motion controllers and braking systems, which are used in heavy industrial applications, energy markets, medical, packaging, automation, robotic, and other industries. The company earns majority of its revenue in North America ( primarily the United States).

Executives

La Vonda Williams	director	201 MONTGOMERY STREET, #751, JERSEY CITY NJ 07302
Haughey Nicole Parent	director	UNITED TECHNOLOGIES CORPORATION, ONE FINANCIAL PLAZA, HARTFORD CT 06101
Margot Hoffman	director	6368 CHAMPIONS DRIVE, WESTERVILLE OH 43082
Thomas W Swidarski	director	5995 MAYFAIR RD, P O BOX 3077, NORTH CANTON OH 44720
Todd Patriacca	officer: EVP, CFO and Treasurer	C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Glenn E. Deegan	officer: Chief Legal and HR Officer	C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184
J Scott Hall	director	1200 ABERNATHY ROAD NE, SUITE 1200, ATLANTA GA 30328
Christian Storch	officer: Chief Financial Officer	C/O ALTRA INDUSTRIAL MOTION, 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184
Woodward James H Jr	director	7140 OFFICE CIRCLE, EVANSVILLE IN 47716
Craig Schuele	officer: VP Mktg&Bus Dev (see Remarks)	C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Carl R Christenson	officer: President and COO	C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Lyle G. Ganske	director	C/O ALTRA INDUSTRIAL MOTION, INC., 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184
Larry Mcpherson	director	C/O MEDICAL STAFFING NETWORK HOLDINGS, 901 YAMATO ROAD, SUITE 110, BOCA RATON FL 33431
Lipscomb S Michael	director	SIFCO INDUSTRIES, INC., 970 EAST 64TH STREET, CLEVELAND OH 44103
Patrick K Murphy	director	C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203