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TAT Technologies (TAT Technologies) Days Inventory : 183.99 (As of Dec. 2023)


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What is TAT Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). TAT Technologies's Average Total Inventories for the three months ended in Dec. 2023 was $50.1 Mil. TAT Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $24.9 Mil. Hence, TAT Technologies's Days Inventory for the three months ended in Dec. 2023 was 183.99.

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

TATT' s Days Inventory Range Over the Past 10 Years
Min: 165.15   Med: 183.25   Max: 230.72
Current: 186.75

During the past 13 years, TAT Technologies's highest Days Inventory was 230.72. The lowest was 165.15. And the median was 183.25.

TATT's Days Inventory is ranked worse than
60.55% of 289 companies
in the Aerospace & Defense industry
Industry Median: 138.6 vs TATT: 186.75

TAT Technologies's Days Inventory declined from Dec. 2022 (244.34) to Dec. 2023 (183.99).

Inventory Turnover measures how fast the company turns over its inventory within a year. TAT Technologies's Inventory Turnover for the three months ended in Dec. 2023 was 0.50.

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. TAT Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.57.


TAT Technologies Days Inventory Historical Data

The historical data trend for TAT Technologies'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.

TAT Technologies Days Inventory Chart

TAT Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 181.95 230.57 224.97 230.72 193.92

TAT Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial 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 244.34 192.89 186.94 177.33 183.99

Competitive Comparison of TAT Technologies's Days Inventory

For the Aerospace & Defense subindustry, TAT Technologies'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.


TAT Technologies's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, TAT Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where TAT Technologies's Days Inventory falls into.



TAT Technologies Days Inventory Calculation

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

TAT Technologies's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (45.759 + 51.28) / 2 ) / 91.326*365
=48.5195 / 91.326*365
=193.92

TAT Technologies's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (49.005 + 51.28) / 2 ) / 24.868*365 / 4
=50.1425 / 24.868*365 / 4
=183.99

* 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.


TAT Technologies  (NAS:TATT) 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.

TAT Technologies'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.

TAT Technologies'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.


TAT Technologies Days Inventory Related Terms

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


TAT Technologies (TAT Technologies) Business Description

Traded in Other Exchanges
Address
Hamelacha 5, Netanya, ISR, 4250540
TAT Technologies Ltd is a provider of solutions and services to the aerospace and defence industries focused mainly on the four segments: Original equipment manufacturing (OEM); MRO services for heat transfer; MRO services for aviation components; Overhaul and coating of jet engine components. The company design, develop and manufacture Heat Exchangers, Cooling Systems, Cold Plates, Vapor-Cycle Air Conditioning Systems (for both land and airborne applications) and flow accessories.