Polytec Holding AG (WBO:PYT) Days Inventory

: 51.62 (As of Sep. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Polytec Holding AG's Average Total Inventories for the three months ended in Sep. 2023 was €43.3 Mil. Polytec Holding AG's Cost of Goods Sold for the three months ended in Sep. 2023 was €76.5 Mil. Hence, Polytec Holding AG's Days Inventory for the three months ended in Sep. 2023 was 51.62.

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

WBO:PYT' s Days Inventory Range Over the Past 10 Years
Min: 41.77 Med: 62.92 Max: 69.9
Current: 41.77

During the past 13 years, Polytec Holding AG's highest Days Inventory was 69.90. The lowest was 41.77. And the median was 62.92.

WBO:PYT's Days Inventory is ranked better than
82.88% of 1256 companies
in the Vehicles & Parts industry
Industry Median: 81.885 vs WBO:PYT: 41.77

Polytec Holding AG's Days Inventory increased from Sep. 2022 (46.41) to Sep. 2023 (51.62). It might indicate that Polytec Holding AG's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Polytec Holding AG's Inventory Turnover for the three months ended in Sep. 2023 was 1.77.

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. Polytec Holding AG's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.30.

Polytec Holding AG Days Inventory Historical Data

The historical data trend for Polytec Holding 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.

* Premium members only.

Polytec Holding AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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64.78

50.76

54.95

48.46

42.79

Polytec Holding AG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															46.41	35.38	39.24	41.41	51.62

Competitive Comparison

For the Auto Parts subindustry, Polytec Holding 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.

Polytec Holding AG Days Inventory Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Polytec Holding AG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Polytec Holding AG's Days Inventory falls into.

Polytec Holding AG Days Inventory Calculation

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

Polytec Holding AG's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (41.55	+	36.986)	/	2 )	/	334.995	*	365
=	39.268					/	334.995	*	365
=	42.79

Polytec Holding AG's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (42.724	+	43.808)	/	2 )	/	76.486	*	365 / 4
=	43.266					/	76.486	*	365 / 4
=	51.62

Polytec Holding AG (WBO:PYT) 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.

Polytec Holding AG's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	76.486	/	43.266
	=	1.77

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.

Polytec Holding AG's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	43.266	/	145.598
	=	0.30

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.

Polytec Holding AG Days Inventory Related Terms

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

Polytec Holding AG (WBO:PYT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Polytec Holding AG (WBO:PYT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

P4N:Germany

Address

Polytec-Strasse 1, Hoersching, AUT, 4063

Website

https://www.polytec-group.com

Polytec Holding AG is an Austria-based company focused on the automotive and plastics industry. It manufactures plastic parts globally. The operating segments are divided into four units namely Plastics, which supplies plastic components for the interior of passenger cars, engines, and the non-automotive industry. Composites provide exterior and engine parts for commercial and passenger vehicles. The car-Styling unit offers accessories, small parts, and systems for vehicles, and Industrial produces plastic molded components and others. It provides service in the field of injection molding, fiber-reinforced plastics, and the manufacturer of original accessory parts made of plastic and stainless steel. Geographical presence in Austria, Austria, UK, Sweden, Hungary, and Other countries.

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