K&S (ASX:KSC) Days Inventory : 8.56 (As of Jun. 2024)

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What is K&S Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). K&S's Average Total Inventories for the six months ended in Jun. 2024 was A$8.2 Mil. K&S's Cost of Goods Sold for the six months ended in Jun. 2024 was A$173.9 Mil. Hence, K&S's Days Inventory for the six months ended in Jun. 2024 was 8.56.

The historical rank and industry rank for K&S's Days Inventory or its related term are showing as below:

ASX:KSC' s Days Inventory Range Over the Past 10 Years
Min: 15.84 Med: 18.97 Max: 24.66
Current: 16.6

During the past 13 years, K&S's highest Days Inventory was 24.66. The lowest was 15.84. And the median was 18.97.

ASX:KSC's Days Inventory is ranked worse than
61.62% of 766 companies
in the Transportation industry
Industry Median: 11.98 vs ASX:KSC: 16.60

K&S's Days Inventory increased from Jun. 2023 (7.86) to Jun. 2024 (8.56). It might indicate that K&S's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. K&S's Inventory Turnover for the six months ended in Jun. 2024 was 21.31.

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. K&S's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.02.

K&S Days Inventory Historical Data

The historical data trend for K&S'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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K&S Days Inventory Chart

K&S Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Inventory

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18.36

23.97

19.58

17.38

15.84

K&S Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial															10.28	-	7.86	-	8.56

Competitive Comparison of K&S's Days Inventory

For the Integrated Freight & Logistics subindustry, K&S'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.

K&S's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, K&S's Days Inventory distribution charts can be found below:

* The bar in red indicates where K&S's Days Inventory falls into.

K&S Days Inventory Calculation

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

K&S'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
=	( (7.404	+	7.693)	/	2 )	/	173.887	*	365
=	7.5485					/	173.887	*	365
=	15.84

K&S'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
=	( (8.628	+	7.693)	/	2 )	/	173.887	*	365 / 2
=	8.1605					/	173.887	*	365 / 2
=	8.56

K&S (ASX:KSC) 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.

K&S's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	173.887	/	8.1605
	=	21.31

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.

K&S's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.1605	/	401.703
	=	0.02

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.

K&S Days Inventory Related Terms

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

K&S Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » K&S Corp Ltd (ASX:KSC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

141-147 Jubilee Highway West, P.O. Box 567, Mount Gambier, SA, AUS, 5290

Website

https://www.ksgroup.com.au

K&S Corp Ltd is a transportation and logistics company. It provides transportation, warehousing, logistics, fuel distribution, and various services to companies throughout Australia. The company's operating segments include Australian Transport; Fuels and New Zealand Transport. It generates maximum revenue from the Australian Transport segment.

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