Market Cap : 4.78 B | Enterprise Value : 7.46 B | PE Ratio : 63.19 | PB Ratio : 1.68 |
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Gates Industrial's Total Inventories for the three months ended in Dec. 2020 was $497 Mil. Gates Industrial's Cost of Goods Sold for the three months ended in Dec. 2020 was $492 Mil. Hence, Gates Industrial's Days Inventory for the three months ended in Dec. 2020 was 92.16.
During the past 7 years, Gates Industrial's highest Days Inventory was 102.06. The lowest was 82.46. And the median was 89.39.
Gates Industrial's Days Inventory declined from Dec. 2019 (96.59) to Dec. 2020 (92.16).
Total Inventories can be measured by Days Sales of Inventory (DSI).
Inventory Turnover measures how fast the company turns over its inventory within a year. Gates Industrial's Inventory Turnover for the three months ended in Dec. 2020 was 0.99.
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. Gates Industrial's Inventory-to-Revenue for the three months ended in Dec. 2020 was 0.63.
* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.
* The bar in red indicates where Gates Industrial's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Gates Industrial's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as
Days Inventory (A: Dec. 2020 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Dec. 2019 ) | + | Total Inventories (A: Dec. 2020 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2020 ) | * | Days in Period |
= | ( (475.1 | + | 508.2) | / | 2 ) | / | 1758.3 | * | 365 |
= | 491.65 | / | 1758.3 | * | 365 | ||||
= | 102.06 |
Gates Industrial's Days Inventory for the quarter that ended in Dec. 2020 is calculated as:
Days Inventory (Q: Dec. 2020 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Sep. 2020 ) | + | Total Inventories (Q: Dec. 2020 )) | / | count ) | / | Cost of Goods Sold (Q: Dec. 2020 ) | * | Days in Period |
= | ( (486.4 | + | 508.2) | / | 2 ) | / | 492.4 | * | 365 / 4 |
= | 497.3 | / | 492.4 | * | 365 / 4 | ||||
= | 92.16 |
* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.
An increase of Days Inventory may indicate the company's sales slowed.
1. Total Inventories can be measured by Days Sales of Inventory (DSI).
Gates Industrial's Days Sales of Inventory for the three months ended in Dec. 2020 is calculated as
Days Sales of Inventory (DSI) | = | Total Inventories | / | Revenue | * | Days in Period |
= | 497.3 | / | 794.2 | * | 365 / 4 | |
= | 57.14 |
2. Inventory Turnover measures how fast the company turns over its inventory within a year.
Gates Industrial's Inventory Turnover for the three months ended in Dec. 2020 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Total Inventories |
= | 492.4 | / | 497.3 | |
= | 0.99 |
3. 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.
Gates Industrial's Inventory to Revenue for the three months ended in Dec. 2020 is calculated as
Inventory-to-Revenue | = | Total Inventories | / | Revenue |
= | 497.3 | / | 794.2 | |
= | 0.63 |
* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.
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.
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