Days Inventory is also known as Days Sales of Inventory (DSI). Latham Group's Average Total Inventories for the
three
months ended in Dec. 2023 was $100.2 Mil. Latham Group's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $69.7 Mil.
Hence, Latham Group's Days Inventory for the
three
months ended in Dec. 2023 was 131.21.
The historical rank and industry rank for Latham Group's Days Inventory or its related term are showing as below:
SWIM'
s Days Inventory Range Over the Past 10 Years
Min: 59.13 Med: 74.65 Max: 115.78
Current: 113.27
During the past 5 years, Latham Group's highest Days Inventory was 115.78. The lowest was 59.13. And the median was 74.65.
SWIM's Days Inventory is ranked worse than 74.03% of 1394
companies
in the Construction industry
Industry Median: 48.6
vs SWIM: 113.27
Latham Group's Days Inventory
declined
from Dec. 2022 (170.80) to Dec. 2023 (131.21).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Latham Group's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.70.
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.
Latham Group's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.10.
Latham Group Days Inventory Historical Data
The historical data trend for Latham 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.
Latham Group Annual Data
Trend
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
59.13
70.33
74.65
104.63
115.78
Latham Group Quarterly Data
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
170.80
137.63
99.26
93.06
131.21
Competitive Comparison
For the Building Products & Equipment subindustry, Latham 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.
Latham Group Days Inventory Distribution
For the Construction industry and Industrials sector, Latham Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Latham Group's Days Inventory falls into.
Latham Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Latham Group'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.
Latham Group (NAS:SWIM) 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.
Latham Group'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.
Latham Group'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.
Latham Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Latham Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Latham Group Inc is a designer, manufacturer, and marketer of in-ground residential swimming pools, liners, and covers in North America, Australia, and New Zealand. It derives a majority of its revenue from the United States.
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