Comet Holding AG (CHIX:COTNZ) Days Inventory : 141.08 (As of Dec. 2024)

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What is Comet Holding AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Comet Holding AG's Average Total Inventories for the six months ended in Dec. 2024 was CHF107.3 Mil. Comet Holding AG's Cost of Goods Sold for the six months ended in Dec. 2024 was CHF138.8 Mil. Hence, Comet Holding AG's Days Inventory for the six months ended in Dec. 2024 was 141.08.

The historical rank and industry rank for Comet Holding AG's Days Inventory or its related term are showing as below:

CHIX:COTNz' s Days Inventory Range Over the Past 10 Years
Min: 121.36 Med: 136.56 Max: 175.79
Current: 153.39

During the past 13 years, Comet Holding AG's highest Days Inventory was 175.79. The lowest was 121.36. And the median was 136.56.

CHIX:COTNz's Days Inventory is ranked worse than
72.2% of 2385 companies
in the Hardware industry
Industry Median: 97.59 vs CHIX:COTNz: 153.39

Comet Holding AG's Days Inventory declined from Dec. 2023 (186.90) to Dec. 2024 (141.08).

Inventory Turnover measures how fast the company turns over its inventory within a year. Comet Holding AG's Inventory Turnover for the six months ended in Dec. 2024 was 1.29.

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. Comet Holding AG's Inventory-to-Revenue for the six months ended in Dec. 2024 was 0.42.

Comet Holding AG Days Inventory Historical Data

The historical data trend for Comet Holding AG'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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Comet Holding AG Days Inventory Chart

Comet Holding AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

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137.40

121.36

124.60

175.79

152.09

Comet Holding AG Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Inventory	Get a 7-Day Free Trial															131.73	175.01	186.90	169.89	141.08

Competitive Comparison of Comet Holding AG's Days Inventory

For the Scientific & Technical Instruments subindustry, Comet Holding AG'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.

Comet Holding AG's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Comet Holding AG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Comet Holding AG's Days Inventory falls into.

Comet Holding AG Days Inventory Calculation

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

Comet Holding AG's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (103.43	+	106.798)	/	2 )	/	252.262	*	365
=	105.114					/	252.262	*	365
=	152.09

Comet Holding AG's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (107.811	+	106.798)	/	2 )	/	138.804	*	365 / 2
=	107.3045					/	138.804	*	365 / 2
=	141.08

Comet Holding AG (CHIX:COTNz) 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.

Comet Holding AG's Inventory Turnover for the six months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	138.804	/	107.3045
	=	1.29

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.

Comet Holding AG's Inventory to Revenue for the six months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	107.3045	/	256.047
	=	0.42

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.

Comet Holding AG Days Inventory Related Terms

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Comet Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Comet Holding AG (CHIX:COTNz) » Definitions » Days Inventory

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0ROQ:UK COTN:Switzerland

Address

Herrengasse 10, P.O. Box 141, Flamatt, CHE, 3175

Website

http://www.comet-group.com

Comet Holding AG is a vendor of x-ray, radio frequency (RF) power and ebeam technology. It markets its systems and services, under the Comet, Yxlon and ebeam brands. Yxlon x-ray systems for non-destructive testing are supplied to end customers in the automotive, aerospace, electronics and energy sectors. Under the Comet brand, the group builds components and modules such as x-ray sources, vacuum capacitors, RF generators and impedance matching networks, marketed to manufacturers in the automotive, aerospace, semiconductor and solar industries as well as the security sector. The Group has three operating divisions: Plasma Control Technologies (PCT); X-Ray Systems (IXS) and Industrial X-Ray Modules (IXM).

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