Days Inventory is also known as Days Sales of Inventory (DSI). Forge Group's Average Total Inventories for the
six
months ended in Jun. 2013 was A$81 Mil. Forge Group's Cost of Goods Sold for the
six
months ended in Jun. 2013 was A$656 Mil.
Hence, Forge Group's Days Inventory for the
six
months ended in Jun. 2013 was 22.50.
The historical rank and industry rank for Forge Group's Days Inventory or its related term are showing as below:
ASX:FGE's Days Inventory is not ranked *
in the Construction industry.
Industry Median: 46.52 * Ranked among companies with meaningful Days Inventory only.
Forge Group's Days Inventory
increased
from Jun. 2011 (14.31) to Jun. 2013 (45.00).
It might indicate that Forge Group's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Forge Group's Inventory Turnover for the
six
months ended in Jun. 2013 was 8.11.
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.
Forge Group's Inventory-to-Revenue for the
six
months ended in Jun. 2013 was 0.08.
Forge Group Days Inventory Historical Data
The historical data trend for Forge Group'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 Forge Group's Days Inventory
For the Engineering & Construction subindustry, Forge Group'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.
Forge Group's Days Inventory Distribution in the Construction Industry
For the Construction industry and Industrials sector, Forge Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Forge Group's Days Inventory falls into.
Forge Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Forge Group's Days Inventory for the fiscal year that ended in Jun. 2013 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.
Forge Group (ASX:FGE) 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.
Forge Group's Inventory Turnover for the
six
months ended in Jun. 2013 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.
Forge Group's Inventory to Revenue for the
six
months ended in Jun. 2013 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.
Forge Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Forge Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Forge Group Ltd provides construction, commercial building, engineering, maintenance and workshop fabrication services. Its operations are segmented into four areas - Minerals & Resources, Power, Construction and Asset Management. The Minerals & Resources segment provides a wide range of engineering, design and construction services for the mining and metals sector. The Power segment provides turnkey power generation solutions to the energy and utilities sectors. The Construction segment offers a suite of construction services that covers all disciplines including heavy civil, structural, mechanical, piping, tanks, electrical, instrumentation, and building. Further, the Asset Management segment offers various asset management services. The Company has operational footprints across Australia, North America, Africa and Asia.
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