Days Inventory is also known as Days Sales of Inventory (DSI). Parker Hannifin's Average Total Inventories for the
three
months ended in Dec. 2023 was $3,061 Mil. Parker Hannifin's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $3,102 Mil.
Hence, Parker Hannifin's Days Inventory for the
three
months ended in Dec. 2023 was 90.04.
The historical rank and industry rank for Parker Hannifin's Days Inventory or its related term are showing as below:
PH'
s Days Inventory Range Over the Past 10 Years
Min: 49.24 Med: 55.41 Max: 86.63
Current: 86.63
During the past 13 years, Parker Hannifin's highest Days Inventory was 86.63. The lowest was 49.24. And the median was 55.41.
PH's Days Inventory is ranked better than 69.35% of 2907
companies
in the Industrial Products industry
Industry Median: 120.15
vs PH: 86.63
Parker Hannifin's Days Inventory
increased
from Dec. 2022 (87.76) to Dec. 2023 (90.04).
It might indicate that Parker Hannifin's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Parker Hannifin's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.01.
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.
Parker Hannifin's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.63.
Parker Hannifin Days Inventory Historical Data
The historical data trend for Parker Hannifin'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 Parker Hannifin's Days Inventory
For the Specialty Industrial Machinery subindustry, Parker Hannifin'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.
Parker Hannifin's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Parker Hannifin's Days Inventory distribution charts can be found below:
* The bar in red indicates where Parker Hannifin's Days Inventory falls into.
Parker Hannifin Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Parker Hannifin's Days Inventory for the fiscal year that ended in Jun. 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.
Parker Hannifin (NYSE:PH) 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.
Parker Hannifin'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.
Parker Hannifin'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.
Parker Hannifin Days Inventory Related Terms
Thank you for viewing the detailed overview of Parker Hannifin's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Parker Hannifin (Parker Hannifin) Business Description
Parker Hannifin is an industrial conglomerate operating through two segments: diversified industrial, which serves a variety of end markets, and aerospace systems, which sells engine and actuation components. The diversified industrial segment consists of six groups, including engineered materials (sealing devices), filtration (filters and systems monitoring and removing contaminants from liquids and gases), fluid connectors (valves, couplings, and other fittings), instrumentation (flow manufacturing components and fluid control applications), and motion systems (hydraulic, pneumatic, and electromechanical components in industrial machinery and equipment). The segment boasts 17,100 independent distributors, and about 40% of its business occurs outside the United States.
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