Trajan Group Holdings (ASX:TRJ) Days Inventory : 114.57 (As of Dec. 2023)

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What is Trajan Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Trajan Group Holdings's Average Total Inventories for the six months ended in Dec. 2023 was A$29.9 Mil. Trajan Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was A$47.6 Mil. Hence, Trajan Group Holdings's Days Inventory for the six months ended in Dec. 2023 was 114.57.

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

ASX:TRJ' s Days Inventory Range Over the Past 10 Years
Min: 103 Med: 115.58 Max: 117.58
Current: 115.96

During the past 3 years, Trajan Group Holdings's highest Days Inventory was 117.58. The lowest was 103.00. And the median was 115.58.

ASX:TRJ's Days Inventory is ranked better than
76.93% of 776 companies
in the Medical Devices & Instruments industry
Industry Median: 187.12 vs ASX:TRJ: 115.96

Trajan Group Holdings's Days Inventory increased from Dec. 2022 (108.14) to Dec. 2023 (114.57). It might indicate that Trajan Group 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. Trajan Group Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 1.59.

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. Trajan Group Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.39.

Trajan Group Holdings Days Inventory Historical Data

The historical data trend for Trajan Group 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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Trajan Group Holdings Days Inventory Chart

Trajan Group Holdings Annual Data

Trend

Jun21

Jun22

Jun23

Days Inventory

103.00

117.58

115.58

Trajan Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			122.41	121.13	108.14	121.61	114.57

Competitive Comparison of Trajan Group Holdings's Days Inventory

For the Medical Instruments & Supplies subindustry, Trajan Group 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.

Trajan Group Holdings's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Trajan Group Holdings's Days Inventory distribution charts can be found below:

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

Trajan Group Holdings Days Inventory Calculation

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

Trajan Group Holdings'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
=	( (28.271	+	31.934)	/	2 )	/	95.065	*	365
=	30.1025					/	95.065	*	365
=	115.58

Trajan Group Holdings'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
=	( (31.934	+	27.831)	/	2 )	/	47.602	*	365 / 2
=	29.8825					/	47.602	*	365 / 2
=	114.57

Trajan Group Holdings (ASX:TRJ) 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.

Trajan Group Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	47.602	/	29.8825
	=	1.59

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.

Trajan Group Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	29.8825	/	76.41
	=	0.39

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.

Trajan Group Holdings Days Inventory Related Terms

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

Trajan Group Holdings (ASX:TRJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Trajan Group Holdings Ltd (ASX:TRJ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Argent Place, Ringwood, VIC, AUS, 3134

Website

https://www.trajanscimed.com

Trajan Group Holdings Ltd operates in the analytical science industry. The group operates in two segments namely, Analytical Products which design, manufacture, distribute, and sale of Analytical components and consumables, and Life Science Solutions which design, manufacture, distribute, and sale of pathology, automation workflow solutions, microsampling devices, testing, and data analysis. The majority of its revenue is derived from developing and manufacturing a range of precision consumable components and solutions. It operates predominantly in Malaysia, Japan, Australia, New Zealand, the USA, Europe, the Middle East, India and African countries.

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