Days Inventory is also known as Days Sales of Inventory (DSI). Comet Holding AG's Average Total Inventories for the
six
months ended in Dec. 2023 was CHF111.2 Mil. Comet Holding AG's Cost of Goods Sold for the
six
months ended in Dec. 2023 was CHF108.6 Mil.
Hence, Comet Holding AG's Days Inventory for the
six
months ended in Dec. 2023 was 186.90.
The historical rank and industry rank for Comet Holding AG's Days Inventory or its related term are showing as below:
XSWX:COTN'
s Days Inventory Range Over the Past 10 Years
Min: 106.62 Med: 134.56 Max: 178.94
Current: 178.94
During the past 13 years, Comet Holding AG's highest Days Inventory was 178.94. The lowest was 106.62. And the median was 134.56.
XSWX:COTN's Days Inventory is ranked worse than 75.97% of 2405
companies
in the Hardware industry
Industry Median: 103.77
vs XSWX:COTN: 178.94
Comet Holding AG's Days Inventory
increased
from Dec. 2022 (131.73) to Dec. 2023 (186.90).
It might indicate that Comet Holding AG's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Comet Holding AG's Inventory Turnover for the
six
months ended in Dec. 2023 was 0.98.
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.
Comet Holding AG's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.58.
Comet Holding AG Days Inventory Historical Data
The historical data trend for Comet 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.
Competitive Comparison of Comet Holding AG's Days Inventory
For the Scientific & Technical Instruments subindustry, Comet 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.
Comet Holding AG's Days Inventory Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Comet Holding AG's Days Inventory distribution charts can be found below:
* The bar in red indicates where Comet Holding AG's Days Inventory falls into.
Comet Holding AG Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Comet Holding 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.
Comet Holding AG (XSWX:COTN) 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.
Comet Holding 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.
Comet Holding 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.
Comet Holding AG Days Inventory Related Terms
Thank you for viewing the detailed overview of Comet Holding AG's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Comet Holding AG is a vendor of x-ray, radio frequency (RF) power and ebeam technology. It markets its systems and services, under the Comet, Yxlon and ebeam brands. Yxlon x-ray systems for non-destructive testing are supplied to end customers in the automotive, aerospace, electronics and energy sectors. Under the Comet brand, the group builds components and modules such as x-ray sources, vacuum capacitors, RF generators and impedance matching networks, marketed to manufacturers in the automotive, aerospace, semiconductor and solar industries as well as the security sector. Under the ebeam brand, the group develops and markets compact ebeam sets for the treatment of surfaces in the food and printing industries.
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