Avesco Group (Avesco Group) Days Inventory : 3.38 (As of Mar. 2016)

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What is Avesco Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Avesco Group's Average Total Inventories for the six months ended in Mar. 2016 was $1.22 Mil. Avesco Group's Cost of Goods Sold for the six months ended in Mar. 2016 was $65.62 Mil. Hence, Avesco Group's Days Inventory for the six months ended in Mar. 2016 was 3.38.

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

AVGPF' s Days Inventory Range Over the Past 10 Years
Min: 2.74 Med: 6.32 Max: 125.72
Current: 3.3

During the past 12 years, Avesco Group's highest Days Inventory was 125.72. The lowest was 2.74. And the median was 6.32.

AVGPF's Days Inventory is not ranked
in the Media - Diversified industry.
Industry Median: 26.06 vs AVGPF: 3.30

Avesco Group's Days Inventory increased from Mar. 2015 (3.20) to Mar. 2016 (3.38). It might indicate that Avesco Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Avesco Group's Inventory Turnover for the six months ended in Mar. 2016 was 53.98.

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. Avesco Group's Inventory-to-Revenue for the six months ended in Mar. 2016 was 0.01.

Avesco Group Days Inventory Historical Data

The historical data trend for Avesco 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.

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Avesco Group Days Inventory Chart

Avesco Group Annual Data

Trend

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Days Inventory

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6.33

6.40

6.02

3.20

2.82

Avesco Group Semi-Annual Data
	Sep06	Mar07	Sep07	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16
Days Inventory	Get a 7-Day Free Trial															4.90	4.63	3.20	2.94	3.38

Competitive Comparison of Avesco Group's Days Inventory

For the Broadcasting subindustry, Avesco 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.

Avesco Group's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Avesco Group's Days Inventory distribution charts can be found below:

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

Avesco Group Days Inventory Calculation

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

Avesco Group's Days Inventory for the fiscal year that ended in Sep. 2015 is calculated as

	Days Inventory (A: Sep. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2014 )	+	Total Inventories (A: Sep. 2015 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2015 )	*	Days in Period
=	( (0.971	+	0.995)	/	2 )	/	127.354	*	365
=	0.983					/	127.354	*	365
=	2.82

Avesco Group's Days Inventory for the quarter that ended in Mar. 2016 is calculated as:

	Days Inventory (Q: Mar. 2016 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2015 )	+	Total Inventories (Q: Mar. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2016 )	*	Days in Period
=	( (0.995	+	1.436)	/	2 )	/	65.616	*	365 / 2
=	1.2155					/	65.616	*	365 / 2
=	3.38

Avesco Group (OTCPK:AVGPF) 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.

Avesco Group's Inventory Turnover for the six months ended in Mar. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	65.616	/	1.2155
	=	53.98

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.

Avesco Group's Inventory to Revenue for the six months ended in Mar. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.2155	/	103.942
	=	0.01

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.

Avesco Group Days Inventory Related Terms

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

Avesco Group (Avesco Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Avesco Group PLC (OTCPK:AVGPF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.avesco.com

Avesco Group PLC was incorporated on February 2, 1984. The Company provides services to the corporate presentation, entertainment and broadcast markets. Its operating business segments are Creative Technology, Full Service and Broadcast Services. The creative technology provides specialist AV services and equipment to the live events, broadcast and entertainment markets. The full service segment provides full technical support for conferences, sports, music, corporate and television programs. The broadcast services segment provides broadcast equipment, systems and services to the broadcast industry. The Company has operations in the United Kingdom, Mainland Europe, United States of America, and other part of the World.

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