Days Inventory is also known as Days Sales of Inventory (DSI). Speedy Hire's Average Total Inventories for the
six
months ended in Sep. 2023 was €14.4 Mil. Speedy Hire's Cost of Goods Sold for the
six
months ended in Sep. 2023 was €111.1 Mil.
Hence, Speedy Hire's Days Inventory for the
six
months ended in Sep. 2023 was 23.73.
The historical rank and industry rank for Speedy Hire's Days Inventory or its related term are showing as below:
FRA:5HN'
s Days Inventory Range Over the Past 10 Years
Min: 12.94 Med: 18.74 Max: 33.37
Current: 20.79
During the past 13 years, Speedy Hire's highest Days Inventory was 33.37. The lowest was 12.94. And the median was 18.74.
FRA:5HN's Days Inventory is ranked better than 56.03% of 680
companies
in the Business Services industry
Industry Median: 29.67
vs FRA:5HN: 20.79
Speedy Hire's Days Inventory
increased
from Sep. 2022 (19.36) to Sep. 2023 (23.73).
It might indicate that Speedy Hire's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Speedy Hire's Inventory Turnover for the
six
months ended in Sep. 2023 was 7.69.
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.
Speedy Hire's Inventory-to-Revenue for the
six
months ended in Sep. 2023 was 0.06.
Speedy Hire Days Inventory Historical Data
The historical data trend for Speedy Hire'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.
Competitive Comparison of Speedy Hire's Days Inventory
For the Rental & Leasing Services subindustry, Speedy Hire'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.
Speedy Hire's Days Inventory Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Speedy Hire's Days Inventory distribution charts can be found below:
* The bar in red indicates where Speedy Hire's Days Inventory falls into.
Speedy Hire Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Speedy Hire's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Speedy Hire (FRA:5HN) 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.
Speedy Hire's Inventory Turnover for the
six
months ended in Sep. 2023 is calculated as
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.
Speedy Hire's Inventory to Revenue for the
six
months ended in Sep. 2023 is calculated as
* 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.
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.
Speedy Hire Days Inventory Related Terms
Thank you for viewing the detailed overview of Speedy Hire's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Speedy Hire PLC is a UK-based company engaged in the provision of equipment for hire and sale and associated services to construction, infrastructure, industry, and related industries. It delivers asset management with tailored services and a continued commitment to relationship management. It generates revenue from Hire and related activities followed by services provided. The company's geographical segments are the United Kingdom and Ireland, of which the majority of its revenue comes from the United Kingdom.
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