AATGF (ATI Airtest Technologies) Days Inventory: 58.82 (As of Sep. 2024)

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What is ATI Airtest Technologies Days Inventory?

ATI Airtest Technologies AATGF Days Inventory is 58.82 as of Sep. 2024.

Days Inventory is also known as Days Sales of Inventory (DSI). ATI Airtest Technologies's Average Total Inventories for the three months ended in Sep. 2024 was $0.08 Mil. ATI Airtest Technologies's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.12 Mil. Hence, ATI Airtest Technologies's Days Inventory for the three months ended in Sep. 2024 was 58.82.

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

AATGF's Days Inventory is not ranked *
in the Industrial Products industry.
Industry Median: 119.47
* Ranked among companies with meaningful Days Inventory only.

ATI Airtest Technologies's Days Inventory declined from Sep. 2023 (514.45) to Sep. 2024 (58.82).

Inventory Turnover measures how fast the company turns over its inventory within a year. ATI Airtest Technologies's Inventory Turnover for the three months ended in Sep. 2024 was 1.55.

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. ATI Airtest Technologies's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.24.


ATI Airtest Technologies  (OTCPK:AATGF) 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.

ATI Airtest Technologies's Inventory Turnover for the three months ended in Sep. 2024 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.

ATI Airtest Technologies's Inventory to Revenue for the three months ended in Sep. 2024 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.


ATI Airtest Technologies Days Inventory Related Terms


ATI Airtest Technologies Days Inventory Historical Data

* Premium members only.

The historical data trend for ATI Airtest Technologies'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.

ATI Airtest Technologies Days Inventory Chart

ATI Airtest Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.74 33.21 99.91 188.39 96.25

ATI Airtest Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 514.45 40.44 56.80 54.46 58.82

AATGF vs ETN, PH, ITW: Days Inventory Comparison

For the Specialty Industrial Machinery subindustry, ATI Airtest Technologies'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.


ATI Airtest Technologies Days Inventory vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, ATI Airtest Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where ATI Airtest Technologies's Days Inventory falls into.



ATI Airtest Technologies Days Inventory Calculation

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

ATI Airtest Technologies's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (0.726 + 0.083) / 2 ) / 1.534*365
=0.4045 / 1.534*365
=96.25

ATI Airtest Technologies's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

Days Inventory (Q: Sep. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (0.08 + 0.076) / 2 ) / 0.121*365 / 4
=0.078 / 0.121*365 / 4
=58.82

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 58.82 mean?
ATI Airtest Technologies (AATGF) has a Days Inventory of 58.82 as of Sep. 2024. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on ATI Airtest Technologies and its competitors.
Is ATI Airtest Technologies' Days Inventory too high?
ATI Airtest Technologies' current Days Inventory is 58.82. The Industrial Products industry median Days Inventory is 119.47. ATI Airtest Technologies' value of 58.82 is 50.8% below this industry median.
How does ATI Airtest Technologies' Days Inventory compare to ETN and PH?
ATI Airtest Technologies' Days Inventory of 58.82 can be compared against companies in the Industrial Products industry. The industry median Days Inventory is 119.47. ATI Airtest Technologies' value of 58.82 is 50.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for an Industrial Products company?
The median Days Inventory among Industrial Products companies is 119.47, based on 2,969 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ATI Airtest Technologies's current Days Inventory of 58.82 is 50.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on ATI Airtest Technologies and its competitors. For the Industrial Products industry, the median Days Inventory is 119.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ATI Airtest Technologies's current Days Inventory is 58.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ATI Airtest Technologies stock overvalued right now?
ATI Airtest Technologies (AATGF) has a current Days Inventory of 58.82. The current Days Inventory is 58.82 and 50.8% below the Industrial Products industry median of 119.47. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For ATI Airtest Technologies (AATGF), the current Days Inventory is 58.82 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

ATI Airtest Technologies Business Description

Address 1520 Cliveden Avenue, Unit 9, Delta, BC, CAN, V3M 6J8
ATI Airtest Technologies Inc is engaged in the manufacturing and selling of air testing equipment and related services in Canada and the United States. Its product offering includes WiFi Transmitters, Portables/Data Logging, EnOcean Transmitters, CO2 Demand Controlled Ventilation, Parking Garage Ventilation, Air Velocity, Agriculture, Gases For Health and Safety, Industrial Dew Point, Industrial Humidity and Temp, Moisture In Oil and Calibration.