Anite (ANTUY) Days Inventory

: 55.82 (As of Apr. 2015)

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Days Inventory is also known as Days Sales of Inventory (DSI). Anite's Average Total Inventories for the six months ended in Apr. 2015 was $11.7 Mil. Anite's Cost of Goods Sold for the six months ended in Apr. 2015 was $38.1 Mil. Hence, Anite's Days Inventory for the six months ended in Apr. 2015 was 55.82.

The historical rank and industry rank for Anite's Days Inventory or its related term are showing as below:

ANTUY' s Days Inventory Range Over the Past 10 Years
Min: 7.67 Med: 25.02 Max: 99.16
Current: 84.87

During the past 13 years, Anite's highest Days Inventory was 99.16. The lowest was 7.67. And the median was 25.02.

ANTUY's Days Inventory is not ranked
in the Software industry.
Industry Median: 19.61 vs ANTUY: 84.87

Anite's Days Inventory declined from Apr. 2014 (85.58) to Apr. 2015 (55.82).

Inventory Turnover measures how fast the company turns over its inventory within a year. Anite's Inventory Turnover for the six months ended in Apr. 2015 was 3.27.

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. Anite's Inventory-to-Revenue for the six months ended in Apr. 2015 was 0.11.

Anite Days Inventory Historical Data

The historical data trend for Anite'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.

Anite Annual Data

Trend

Apr06

Apr07

Apr08

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Days Inventory

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42.51

54.73

101.21

82.82

68.28

Anite Semi-Annual Data
	Oct05	Apr06	Oct06	Apr07	Oct07	Apr08	Oct08	Apr09	Oct09	Apr10	Oct10	Apr11	Oct11	Apr12	Oct12	Apr13	Oct13	Apr14	Oct14	Apr15
Days Inventory	Get a 7-Day Free Trial															133.97	107.90	85.58	80.38	55.82

Competitive Comparison

For the Software - Application subindustry, Anite'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.

Anite Days Inventory Distribution

For the Software industry and Technology sector, Anite's Days Inventory distribution charts can be found below:

* The bar in red indicates where Anite's Days Inventory falls into.

Anite Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Anite's Days Inventory for the fiscal year that ended in Apr. 2015 is calculated as

	Days Inventory (A: Apr. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Apr. 2014 )	+	Total Inventories (A: Apr. 2015 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2015 )	*	Days in Period
=	( (16.911	+	9.515)	/	2 )	/	70.633	*	365
=	13.213					/	70.633	*	365
=	68.28

Anite's Days Inventory for the quarter that ended in Apr. 2015 is calculated as:

	Days Inventory (Q: Apr. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2014 )	+	Total Inventories (Q: Apr. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Apr. 2015 )	*	Days in Period
=	( (13.822	+	9.515)	/	2 )	/	38.147	*	365 / 2
=	11.6685					/	38.147	*	365 / 2
=	55.82

Anite (OTCPK:ANTUY) 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.

Anite's Inventory Turnover for the six months ended in Apr. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	38.147	/	11.6685
	=	3.27

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.

Anite's Inventory to Revenue for the six months ended in Apr. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11.6685	/	103.973
	=	0.11

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.

Anite Days Inventory Related Terms

Thank you for viewing the detailed overview of Anite's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Anite (ANTUY) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.anite.com

Anite PLC is a company incorporated in United Kingdom on March 7, 1984. It is a wireless testing company engaged in developing the software and hardware helping deliver the mobile technologies. The Company provides mobile device, infrastructure and network testing systems including hardware and software. The Company operates in two segments; Handset testing and Network testing. The Handset testing is a wireless test system enabling manufacturers to design efficient chipsets, mobile devices and network equipment. The Network testing technology enables mobile network operators and manufacturers to test and optimise their networks. The Company's Handset testing products include; Development Testing, Conformance Testing, Interoperability Testing, Propsim OTA Testing, Propsim Virtual Drive Testing, Propsim 802.11ac/n Testing, Propsim MANET Testing, Propsim Aerospace Testing, & Triton. The Company's Network testing products include; Nemo Outdoor, Nemo Handy, Nemo Walker Air, Nemo Invex, Nemo FSR1, Nemo Autonomous, Nemo Commander, Nemo Analyze, Nemo CEM Observer, and Nemo CEM Solution. Its customers include Device manufacturers, Chipset manufacturers, Mobile network operators, Mobile network operators, and Independent test companies.

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