WSI Industries (WSI Industries) Days Inventory : 40.89 (As of Aug. 2018)

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What is WSI Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). WSI Industries's Average Total Inventories for the three months ended in Aug. 2018 was $3.41 Mil. WSI Industries's Cost of Goods Sold for the three months ended in Aug. 2018 was $7.60 Mil. Hence, WSI Industries's Days Inventory for the three months ended in Aug. 2018 was 40.89.

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

WSCI's Days Inventory is not ranked ^*
in the Industrial Products industry.
Industry Median: 119.76
* Ranked among companies with meaningful Days Inventory only.

WSI Industries's Days Inventory increased from Aug. 2017 (36.01) to Aug. 2018 (40.89). It might indicate that WSI Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. WSI Industries's Inventory Turnover for the three months ended in Aug. 2018 was 2.23.

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. WSI Industries's Inventory-to-Revenue for the three months ended in Aug. 2018 was 0.39.

WSI Industries Days Inventory Historical Data

The historical data trend for WSI 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.

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WSI Industries Days Inventory Chart

WSI Industries Annual Data

Trend

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Days Inventory

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34.46

45.88

50.86

40.00

37.79

WSI Industries Quarterly Data
	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18
Days Inventory	Get a 7-Day Free Trial															36.01	54.28	55.21	43.42	40.89

Competitive Comparison of WSI Industries's Days Inventory

For the Specialty Industrial Machinery subindustry, WSI 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.

WSI Industries's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, WSI Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where WSI Industries's Days Inventory falls into.

WSI Industries Days Inventory Calculation

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

WSI Industries's Days Inventory for the fiscal year that ended in Aug. 2018 is calculated as

	Days Inventory (A: Aug. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Aug. 2017 )	+	Total Inventories (A: Aug. 2018 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2018 )	*	Days in Period
=	( (3.132	+	0)	/	1 )	/	30.247	*	365
=	3.132					/	30.247	*	365
=	37.79

WSI Industries's Days Inventory for the quarter that ended in Aug. 2018 is calculated as:

	Days Inventory (Q: Aug. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: May. 2018 )	+	Total Inventories (Q: Aug. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2018 )	*	Days in Period
=	( (3.406	+	0)	/	1 )	/	7.601	*	365 / 4
=	3.406					/	7.601	*	365 / 4
=	40.89

WSI Industries (NAS:WSCI) 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.

WSI Industries's Inventory Turnover for the three months ended in Aug. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.601	/	3.406
	=	2.23

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.

WSI Industries's Inventory to Revenue for the three months ended in Aug. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.406	/	8.731
	=	0.39

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.

WSI Industries Days Inventory Related Terms

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

WSI Industries (WSI Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » WSI Industries Inc (NAS:WSCI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.wsiindustries.com

WSI Industries Inc was incorporated in Minnesota in 1950 for the purpose of performing precision contract machining for the aerospace, communication, and industrial markets. It is engaged in machining work for the aerospace/avionics/defense industries, recreational powersports vehicles (ATV and motorcycle) markets, energy industry and bioscience industry. The Company manufactures metal components in medium to high volumes requiring tolerances as close as one ten-thousandth of an inch. These components are manufactured in accordance with customer specifications using materials both purchased by the Company as well as being supplied by its customer.

Executives