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Bell Equipment (JSE:BEL) Days Inventory : 177.56 (As of Dec. 2023)


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What is Bell Equipment Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bell Equipment's Average Total Inventories for the six months ended in Dec. 2023 was R5,802 Mil. Bell Equipment's Cost of Goods Sold for the six months ended in Dec. 2023 was R5,963 Mil. Hence, Bell Equipment's Days Inventory for the six months ended in Dec. 2023 was 177.56.

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

JSE:BEL' s Days Inventory Range Over the Past 10 Years
Min: 176.87   Med: 206.06   Max: 258.23
Current: 184.04

During the past 13 years, Bell Equipment's highest Days Inventory was 258.23. The lowest was 176.87. And the median was 206.06.

JSE:BEL's Days Inventory is ranked worse than
69.76% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 130.55 vs JSE:BEL: 184.04

Bell Equipment's Days Inventory increased from Dec. 2022 (176.36) to Dec. 2023 (177.56). It might indicate that Bell Equipment's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bell Equipment's Inventory Turnover for the six months ended in Dec. 2023 was 1.03.

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. Bell Equipment's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.77.


Bell Equipment Days Inventory Historical Data

The historical data trend for Bell Equipment'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.

* Premium members only.

Bell Equipment Days Inventory Chart

Bell Equipment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 228.80 258.23 203.54 185.42 176.87

Bell Equipment 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 185.90 229.30 176.36 200.02 177.56

Competitive Comparison of Bell Equipment's Days Inventory

For the Farm & Heavy Construction Machinery subindustry, Bell Equipment'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.


Bell Equipment's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Bell Equipment's Days Inventory distribution charts can be found below:

* The bar in red indicates where Bell Equipment's Days Inventory falls into.



Bell Equipment Days Inventory Calculation

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

Bell Equipment's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (4751.99 + 5726.561) / 2 ) / 10812.025*365
=5239.2755 / 10812.025*365
=176.87

Bell Equipment'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
=( (5876.738 + 5726.561) / 2 ) / 5963.106*365 / 2
=5801.6495 / 5963.106*365 / 2
=177.56

* 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.


Bell Equipment  (JSE:BEL) 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.

Bell Equipment's Inventory Turnover for the six months ended in Dec. 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.

Bell Equipment's Inventory to Revenue for the six months ended in Dec. 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.


Bell Equipment Days Inventory Related Terms

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


Bell Equipment (JSE:BEL) Business Description

Traded in Other Exchanges
Address
13 -19 Carbonode Cell Road, Alton, Richards Bay, ZAF, 3900
Bell Equipment Ltd is engaged in the manufacturing and distribution of material handling machines in South Africa. Its products include articulated dump trucks, haulage tractors, tractor loader backhoes, front-end loaders, sugar cane, and timber-loading equipment and construction equipment such as graders, dozers, and excavators. It machine are used for mining, construction, forestry, sugar, and related industries. It operates through below operation Manufacturing, assembly, logistics, and dealer sales operations and Direct Sales operation.

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