Structural Monitoring Systems (ASX:SMN) Days Inventory : 311.18 (As of Dec. 2023)

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What is Structural Monitoring Systems Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Structural Monitoring Systems's Average Total Inventories for the six months ended in Dec. 2023 was A$12.55 Mil. Structural Monitoring Systems's Cost of Goods Sold for the six months ended in Dec. 2023 was A$7.36 Mil. Hence, Structural Monitoring Systems's Days Inventory for the six months ended in Dec. 2023 was 311.18.

The historical rank and industry rank for Structural Monitoring Systems's Days Inventory or its related term are showing as below:

ASX:SMN' s Days Inventory Range Over the Past 10 Years
Min: 198.4 Med: 326.16 Max: 416.73
Current: 340.46

During the past 13 years, Structural Monitoring Systems's highest Days Inventory was 416.73. The lowest was 198.40. And the median was 326.16.

ASX:SMN's Days Inventory is ranked worse than
93.32% of 2409 companies
in the Hardware industry
Industry Median: 101.86 vs ASX:SMN: 340.46

Structural Monitoring Systems's Days Inventory declined from Dec. 2022 (381.52) to Dec. 2023 (311.18).

Inventory Turnover measures how fast the company turns over its inventory within a year. Structural Monitoring Systems's Inventory Turnover for the six months ended in Dec. 2023 was 0.59.

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. Structural Monitoring Systems's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.94.

Structural Monitoring Systems Days Inventory Historical Data

The historical data trend for Structural Monitoring Systems'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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Structural Monitoring Systems Days Inventory Chart

Structural Monitoring Systems Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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198.40

237.55

314.04

416.73

410.93

Structural Monitoring Systems Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															347.91	464.05	381.52	402.35	311.18

Competitive Comparison of Structural Monitoring Systems's Days Inventory

For the Scientific & Technical Instruments subindustry, Structural Monitoring Systems'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.

Structural Monitoring Systems's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Structural Monitoring Systems's Days Inventory distribution charts can be found below:

* The bar in red indicates where Structural Monitoring Systems's Days Inventory falls into.

Structural Monitoring Systems Days Inventory Calculation

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

Structural Monitoring Systems's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (10.894	+	13.469)	/	2 )	/	10.82	*	365
=	12.1815					/	10.82	*	365
=	410.93

Structural Monitoring Systems's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (13.469	+	11.623)	/	2 )	/	7.358	*	365 / 2
=	12.546					/	7.358	*	365 / 2
=	311.18

Structural Monitoring Systems (ASX:SMN) 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.

Structural Monitoring Systems's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.358	/	12.546
	=	0.59

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.

Structural Monitoring Systems's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.546	/	13.289
	=	0.94

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.

Structural Monitoring Systems Days Inventory Related Terms

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

Structural Monitoring Systems (ASX:SMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Structural Monitoring Systems PLC (ASX:SMN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Kyle Way, Suite 116, Claremont, Perth, WA, AUS, 6010

Website

https://www.smsystems.com.au

Structural Monitoring Systems PLC, through its subsidiaries, develops and commercializes Comparative Vacuum Monitoring technology. The company operates in the divisions namely CVM IP, Avionics/audio, and CVM. It generates maximum revenue from Avionics/audio segment. It has operations in Canada; USA; Europe and other countries.