The historical rank and industry rank for Gates Industrial's Days Inventory or its related term are showing as below:
GTES'
s Days Inventory Range Over the Past 10 Years
Min: 82.46 Med: 95.04 Max: 107.57
Current: 107.39
During the past 10 years, Gates Industrial's highest Days Inventory was 107.57. The lowest was 82.46. And the median was 95.04.
GTES's Days Inventory is ranked better than 56.52% of 2907
companies
in the Industrial Products industry
Industry Median: 119.85
vs GTES: 107.39
Gates Industrial's Days Inventory
increased
from Dec. 2022 (105.03) to Dec. 2023 (112.27).
It might indicate that Gates Industrial's sales slowed down.
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. 2023 was 0.81.
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. 2023 was 0.75.
Gates Industrial Days Inventory Historical Data
The historical data trend for Gates Industrial'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.
Competitive Comparison of Gates Industrial's Days Inventory
For the Specialty Industrial Machinery subindustry, Gates Industrial'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.
Gates Industrial's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Gates Industrial's Days Inventory distribution charts can be found below:
* The bar in red indicates where Gates Industrial's Days Inventory falls into.
Gates Industrial Days Inventory Calculation
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. 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.
Gates Industrial (NYSE:GTES) 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.
Gates Industrial'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.
Gates Industrial'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.
Gates Industrial Days Inventory Related Terms
Thank you for viewing the detailed overview of Gates Industrial's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Gates Industrial (Gates Industrial) Business Description
Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. They are used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.
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