Days Inventory is also known as Days Sales of Inventory (DSI). Alta Equipment Group's Average Total Inventories for the
three
months ended in Dec. 2023 was $512 Mil. Alta Equipment Group's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $389 Mil.
Hence, Alta Equipment Group's Days Inventory for the
three
months ended in Dec. 2023 was 120.20.
The historical rank and industry rank for Alta Equipment Group's Days Inventory or its related term are showing as below:
ALTG'
s Days Inventory Range Over the Past 10 Years
Min: 95.11 Med: 112.59 Max: 127.4
Current: 127.4
During the past 7 years, Alta Equipment Group's highest Days Inventory was 127.40. The lowest was 95.11. And the median was 112.59.
ALTG's Days Inventory is ranked worse than 79.74% of 681
companies
in the Business Services industry
Industry Median: 29.27
vs ALTG: 127.40
Alta Equipment Group's Days Inventory
increased
from Dec. 2022 (105.98) to Dec. 2023 (120.20).
It might indicate that Alta Equipment Group's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Alta Equipment Group's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.76.
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.
Alta Equipment Group's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.98.
Alta Equipment Group Days Inventory Historical Data
The historical data trend for Alta Equipment 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.
Alta Equipment Group Annual Data
Trend
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
-
126.82
95.11
101.20
123.98
Alta Equipment Group Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
105.98
132.39
129.17
132.92
120.20
Competitive Comparison
For the Rental & Leasing Services subindustry, Alta Equipment 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.
Alta Equipment Group Days Inventory Distribution
For the Business Services industry and Industrials sector, Alta Equipment Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Alta Equipment Group's Days Inventory falls into.
Alta Equipment Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Alta Equipment 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.
Alta Equipment Group (NYSE:ALTG) 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.
Alta Equipment 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.
Alta Equipment 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.
Alta Equipment Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Alta Equipment Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Alta Equipment Group (Alta Equipment Group) Business Description
Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling and Construction Equipment. The Material Handling segment is engaged in operations related to the sale, service, and rental of lift trucks in Michigan, Illinois, Indiana, New York, Virginia, and throughout the New England states whereas, the Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment in Michigan, Indiana, Illinois, Ohio, New York, Florida and throughout the New England States.
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