Days Inventory is also known as Days Sales of Inventory (DSI). Albany International's Average Total Inventories for the
three
months ended in Dec. 2023 was $175 Mil. Albany International's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $204 Mil.
Hence, Albany International's Days Inventory for the
three
months ended in Dec. 2023 was 78.51.
The historical rank and industry rank for Albany International's Days Inventory or its related term are showing as below:
AIN'
s Days Inventory Range Over the Past 10 Years
Min: 50.34 Med: 76.72 Max: 91.64
Current: 80.11
During the past 13 years, Albany International's highest Days Inventory was 91.64. The lowest was 50.34. And the median was 76.72.
Albany International's Days Inventory
increased
from Dec. 2022 (72.52) to Dec. 2023 (78.51).
It might indicate that Albany International's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Albany International's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.16.
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.
Albany International's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.54.
Albany International Days Inventory Historical Data
The historical data trend for Albany International'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.
For the Textile Manufacturing subindustry, Albany International'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.
Albany International Days Inventory Distribution
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Albany International's Days Inventory distribution charts can be found below:
* The bar in red indicates where Albany International's Days Inventory falls into.
Albany International Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Albany International'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.
Albany International (NYSE:AIN) 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.
Albany International'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.
Albany International'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.
Albany International Days Inventory Related Terms
Thank you for viewing the detailed overview of Albany International's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Albany International (Albany International) Business Description
Albany International Corp is principally engaged in processing textiles and materials. The company consists of two business segments, the machine clothing segment, which produces and provides custom-designed fabrics and belts for the production in the paper, nonwovens, and other process industries; and the Albany engineered composites segment, which offers engineered composite parts for the aerospace and defensive industries. The machine clothing segment contributes to the majority of the company's total revenue. The company has a global operation and generates revenue from the United States, Switzerland, Brazil, China, Mexico, France, and other areas.
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