Adrad Holdings (ASX:AHL) Days Inventory : 302.75 (As of Jun. 2024)

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What is Adrad Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Adrad Holdings's Average Total Inventories for the six months ended in Jun. 2024 was A$48.4 Mil. Adrad Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was A$29.2 Mil. Hence, Adrad Holdings's Days Inventory for the six months ended in Jun. 2024 was 302.75.

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

ASX:AHL' s Days Inventory Range Over the Past 10 Years
Min: 277.59 Med: 281.07 Max: 282.34
Current: 277.59

During the past 2 years, Adrad Holdings's highest Days Inventory was 282.34. The lowest was 277.59. And the median was 281.07.

ASX:AHL's Days Inventory is ranked worse than
87.19% of 2903 companies
in the Industrial Products industry
Industry Median: 121.86 vs ASX:AHL: 277.59

Adrad Holdings's Days Inventory increased from Jun. 2023 (133.35) to Jun. 2024 (302.75). It might indicate that Adrad Holdings'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. Adrad Holdings's Inventory Turnover for the six months ended in Jun. 2024 was 0.60.

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. Adrad Holdings's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.69.

Adrad Holdings Days Inventory Historical Data

The historical data trend for Adrad Holdings'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.

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Adrad Holdings Days Inventory Chart

Adrad Holdings Annual Data

Trend

Jun23

Jun24

Days Inventory

282.34

279.79

Adrad Holdings Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Days Inventory	-	-	133.35	255.80	302.75

Competitive Comparison of Adrad Holdings's Days Inventory

For the Specialty Industrial Machinery subindustry, Adrad Holdings'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.

Adrad Holdings's Days Inventory Distribution in the Industrial Products Industry

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

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

Adrad Holdings Days Inventory Calculation

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

Adrad Holdings's Days Inventory for the fiscal year that ended in Jun. 2024 is calculated as

	Days Inventory (A: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (54.258	+	47.261)	/	2 )	/	66.219	*	365
=	50.7595					/	66.219	*	365
=	279.79

Adrad Holdings's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (49.563	+	47.261)	/	2 )	/	29.183	*	365 / 2
=	48.412					/	29.183	*	365 / 2
=	302.75

Adrad Holdings (ASX:AHL) 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.

Adrad Holdings's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	29.183	/	48.412
	=	0.60

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.

Adrad Holdings's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	48.412	/	69.761
	=	0.69

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.

Adrad Holdings Days Inventory Related Terms

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

Adrad Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Adrad Holdings Ltd (ASX:AHL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Howards Road, Beverley, SA, AUS, 5009

Website

https://www.adradholdings.com.au

Adrad Holdings Ltd designs and manufactures a wide variety of original equipment and aftermarket heat exchange products for both mobile and stationary applications. The company operates in two segments which include Heat Transfer Solutions, and Distribution. Heat Transfer Solutions segment which derives maximum revenue, engages in original equipment manufacturing which includes manufacturing of industrial and automotive radiators and cooling solutions. The Distribution segment includes the distribution of radiators and parts in the automotive aftermarket. It operates manufacturing facilities in Australia and Thailand. Geographically, the company derives key revenue from Australasia and the rest from Asia, the Middle East, North America, South America, Europe, and Africa.