Days Inventory is also known as Days Sales of Inventory (DSI). Astec Industries's Average Total Inventories for the
three
months ended in Dec. 2023 was $453 Mil. Astec Industries's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $248 Mil.
Hence, Astec Industries's Days Inventory for the
three
months ended in Dec. 2023 was 166.56.
The historical rank and industry rank for Astec Industries's Days Inventory or its related term are showing as below:
ASTE'
s Days Inventory Range Over the Past 10 Years
Min: 118.3 Med: 138.69 Max: 184.48
Current: 155.7
During the past 13 years, Astec Industries's highest Days Inventory was 184.48. The lowest was 118.30. And the median was 138.69.
ASTE's Days Inventory is ranked worse than 60.78% of 204
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 131.48
vs ASTE: 155.70
Astec Industries's Days Inventory
increased
from Dec. 2022 (129.20) to Dec. 2023 (166.56).
It might indicate that Astec Industries's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Astec Industries's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.55.
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.
Astec Industries's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.34.
Astec Industries Days Inventory Historical Data
The historical data trend for Astec Industries'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.
Astec Industries Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
127.61
126.23
118.30
125.01
153.80
Astec Industries Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
129.20
143.47
145.13
171.87
166.56
Competitive Comparison
For the Farm & Heavy Construction Machinery subindustry, Astec Industries'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.
Astec Industries Days Inventory Distribution
For the Farm & Heavy Construction Machinery industry and Industrials sector, Astec Industries's Days Inventory distribution charts can be found below:
* The bar in red indicates where Astec Industries's Days Inventory falls into.
Astec Industries Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Astec Industries's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Astec Industries (NAS:ASTE) 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.
Astec Industries's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Astec Industries's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
Astec Industries Days Inventory Related Terms
Thank you for viewing the detailed overview of Astec Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Astec Industries (Astec Industries) Business Description
Astec Industries Inc designs and manufactures equipment and components used primarily in road construction and other development activities. Its products are used through the entire process of building roads, from mining and crushing materials to creating the road surface. The company manufactures a line of plants, pavers, vehicles, and machines to mix and transform materials into construction components. It has two operating segments: infrastructure solutions and materials solutions. The majority of sales are derived from the United States. Its customers are asphalt producers, highway and heavy equipment contractors, ready mix concrete producers, demolition recycling markets, sand and gravel producers, open mine operators, quarry operators, and others.
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