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The Shyft Group Days Inventory

: 46.39 (As of Jun. 2022)
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Days Inventory is also known as Days Sales of Inventory (DSI). The Shyft Group's Average Total Inventories for the three months ended in Jun. 2022 was $96.6 Mil. The Shyft Group's Cost of Goods Sold for the three months ended in Jun. 2022 was $190.1 Mil. Hence, The Shyft Group's Days Inventory for the three months ended in Jun. 2022 was 46.39.

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

SHYF' s Days Inventory Range Over the Past 10 Years
Min: 26.16   Med: 45.33   Max: 73.04
Current: 36.86

During the past 13 years, The Shyft Group's highest Days Inventory was 73.04. The lowest was 26.16. And the median was 45.33.

SHYF's Days Inventory is ranked better than
93.58% of 187 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 116.24 vs SHYF: 36.86

The Shyft Group's Days Inventory increased from Jun. 2021 (30.16) to Jun. 2022 (46.39). It might indicate that The Shyft Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Shyft Group's Inventory Turnover for the three months ended in Jun. 2022 was 1.97.

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. The Shyft Group's Inventory-to-Revenue for the three months ended in Jun. 2022 was 0.42.


The Shyft Group Days Inventory Historical Data

The historical data trend for The Shyft 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.

* Premium members only.

The Shyft Group Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 73.04 42.89 28.16 36.48 26.16

The Shyft Group Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.16 31.67 30.10 39.95 46.39

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, The Shyft 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.

   

The Shyft Group Days Inventory Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, The Shyft Group's Days Inventory distribution charts can be found below:

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



The Shyft Group Days Inventory Calculation

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

The Shyft Group's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

Days Inventory (A: Dec. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2020 ) + Total Inventories (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (46.428 + 67.184) / 2 ) / 792.527*365
=56.806 / 792.527*365
=26.16

The Shyft Group's Days Inventory for the quarter that ended in Jun. 2022 is calculated as:

Days Inventory (Q: Jun. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2022 ) + Total Inventories (Q: Jun. 2022 )) / count ) / Cost of Goods Sold (Q: Jun. 2022 )*Days in Period
=( (91.256 + 102.01) / 2 ) / 190.077*365 / 4
=96.633 / 190.077*365 / 4
=46.39

* 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.


The Shyft Group  (NAS:SHYF) 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.

The Shyft Group's Inventory Turnover for the three months ended in Jun. 2022 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.

The Shyft Group's Inventory to Revenue for the three months ended in Jun. 2022 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.


The Shyft Group Days Inventory Related Terms

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


The Shyft Group Business Description

The Shyft Group logo
Traded in Other Exchanges
Address
41280 Bridge Street, Novi, MI, USA, 48375
The Shyft Group Inc is a North American specialty vehicle manufacturer, engaged in assembling and upfitting for the commercial, retail, and service specialty vehicle markets. Its customers include first-to-last mile delivery companies across vocations, federal, state, and local government entities; the trades; and utility and infrastructure segments. The Group is organized into two core business units Fleet Vehicles and Services and Specialty Vehicles. Its brands include Utilimaster, Royal Truck Body, Strobes-R- Us, Spartan RV Chassis, Builtmore Contract Manufacturing, and corresponding aftermarket provisions. It operates facilities in Michigan, Indiana, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico.
Executives
Esposito Carl A. director 21557 TELEGRAPH ROAD SOUTHFIELD MI 48033
Sherbin Joshua A officer: Chief Legal Officer 38505 WOODWARD AVENUE SUITE 200 BLOOMFIELD HILLS MI 48304
Rourke Mark B. director 3101 PACKERLAND DRIVE GREEN BAY WI 54313
Pizzuto Terri director 3050 HIGHLAND PARKWAY STE 100 DOWNERS GROVA IL 60515
Dinkins Michael director 6166 NW 85TH WAY PARKLAND FL 33067
Douyard Jonathan C officer: Chief Financial Officer C/O SPARTAN MOTORS, INC. 41280 BRIDGE STREET NOVI MI 48375
Freeman Angela K. director 14701 CHARLSON ROAD EDEN PRAIRIE MN 55437
Heavin Todd A officer: Chief Operating Officer 1950 OAK POINTE DR ROCHESTER HILLS MI 48306
Heminover Chad M officer: President, Fleet Vehicles and C/O SPARTAN MOTORS, INC. 1541 REYNOLDS ROAD CHARLOTTE MI 48813
Isbell Jeri L director ONE LEXMARK CENTRE DR 740 WEST NEW CIRCLE RD LEXINGTON KY 40550
Roney Ryan L officer: Chief Legal Officer & Secretar 1541 REYNOLDS ROAD CHARLOTTE MI 48813
Long Matthew W officer: Interim CFO 2581 E KERCHER ROAD GOSHEN IN 46528
Mascarenas Paul Anthony director 3850 HAMLIN ROAD AUBURN HILLS MI 48326
Ninneman Thomas C officer: Chief Operating Officer C/O SPARTAN MOTORS, INC. 1541 REYNOLDS ROAD CHARLOTTE MI 48813
Clevinger Thomas R director C/O SPARTAN MOTORS, INC. 1541 REYNOLDS ROAD CHARLOTTE MI 48813

The Shyft Group Headlines

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