Days Inventory is also known as Days Sales of Inventory (DSI). Palfinger AG's Average Total Inventories for the
six
months ended in Dec. 2023 was €629 Mil. Palfinger AG's Cost of Goods Sold for the
six
months ended in Dec. 2023 was €917 Mil.
Hence, Palfinger AG's Days Inventory for the
six
months ended in Dec. 2023 was 125.24.
The historical rank and industry rank for Palfinger AG's Days Inventory or its related term are showing as below:
WBO:PAL'
s Days Inventory Range Over the Past 10 Years
Min: 92.33 Med: 97.92 Max: 122.64
Current: 122.64
During the past 13 years, Palfinger AG's highest Days Inventory was 122.64. The lowest was 92.33. And the median was 97.92.
WBO:PAL's Days Inventory is ranked better than 54.9% of 204
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 131.48
vs WBO:PAL: 122.64
Palfinger AG's Days Inventory
increased
from Dec. 2022 (118.20) to Dec. 2023 (125.24).
It might indicate that Palfinger AG's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Palfinger AG's Inventory Turnover for the
six
months ended in Dec. 2023 was 1.46.
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.
Palfinger AG's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.51.
Palfinger AG Days Inventory Historical Data
The historical data trend for Palfinger AG'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 Palfinger AG's Days Inventory
For the Farm & Heavy Construction Machinery subindustry, Palfinger AG'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.
Palfinger AG's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Palfinger AG's Days Inventory distribution charts can be found below:
* The bar in red indicates where Palfinger AG's Days Inventory falls into.
Palfinger AG Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Palfinger AG'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.
Palfinger AG (WBO:PAL) 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.
Palfinger AG's Inventory Turnover for the
six
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.
Palfinger AG's Inventory to Revenue for the
six
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.
Palfinger AG Days Inventory Related Terms
Thank you for viewing the detailed overview of Palfinger AG's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Palfinger is an Austrian manufacturing company that offers cranes, forklifts, truck bodies, and lifting equipment for land and water vehicles. Palfinger has two operating segments: Sales & Service and Segment Operations. Segment sales & service comprises the sales and service units. The segment operations comprise the production sites and the respective production share of the company. It earns the majority of revenue from the sales & service segment. Palfinger sells its products worldwide but segments geographically into six regions: Europe, Middle East, & Africa; North America; Latin America; Eurasia; Asia-Pacific; and Marine. Business in Europe, the Middle East, & the Africa region generates the majority of the company's revenue.
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