Days Inventory is also known as Days Sales of Inventory (DSI). Insteel Industries's Average Total Inventories for the
three
months ended in Dec. 2023 was $98.7 Mil. Insteel Industries's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $115.5 Mil.
Hence, Insteel Industries's Days Inventory for the
three
months ended in Dec. 2023 was 78.03.
The historical rank and industry rank for Insteel Industries's Days Inventory or its related term are showing as below:
IIIN'
s Days Inventory Range Over the Past 10 Years
Min: 57.59 Med: 73.2 Max: 94.08
Current: 84.69
During the past 13 years, Insteel Industries's highest Days Inventory was 94.08. The lowest was 57.59. And the median was 73.20.
IIIN's Days Inventory is ranked better than 70.51% of 2906
companies
in the Industrial Products industry
Industry Median: 120.985
vs IIIN: 84.69
Insteel Industries's Days Inventory
declined
from Dec. 2022 (112.86) to Dec. 2023 (78.03).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Insteel Industries's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.17.
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.
Insteel Industries's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.81.
Insteel Industries Days Inventory Historical Data
The historical data trend for Insteel 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.
Insteel Industries Annual Data
Trend
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Days Inventory
70.75
61.21
57.59
80.22
94.08
Insteel 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
112.86
96.29
84.63
75.15
78.03
Competitive Comparison
For the Metal Fabrication subindustry, Insteel 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.
Insteel Industries Days Inventory Distribution
For the Industrial Products industry and Industrials sector, Insteel Industries's Days Inventory distribution charts can be found below:
* The bar in red indicates where Insteel Industries's Days Inventory falls into.
Insteel Industries Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Insteel Industries's Days Inventory for the fiscal year that ended in Sep. 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.
Insteel Industries (NYSE:IIIN) 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.
Insteel 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.
Insteel 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.
Insteel Industries Days Inventory Related Terms
Thank you for viewing the detailed overview of Insteel Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Insteel Industries (Insteel Industries) Business Description
Insteel Industries Inc manufactures steel wire reinforcing products for concrete construction applications. It manufactures and markets PC strand and welded wire reinforcement, including ESM, concrete pipe reinforcement, and standard welded wire reinforcement. The company's products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. Its concrete reinforcing products consist of two product lines: PC strand and WWR. Insteel generates its geographical revenue from the United States.
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