Pittards (LSE:PTD) Days Inventory : 393.28 (As of Jun. 2022)

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What is Pittards Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pittards's Average Total Inventories for the six months ended in Jun. 2022 was £15.69 Mil. Pittards's Cost of Goods Sold for the six months ended in Jun. 2022 was £7.28 Mil. Hence, Pittards's Days Inventory for the six months ended in Jun. 2022 was 393.28.

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

LSE:PTD's Days Inventory is not ranked ^*
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 130.41
* Ranked among companies with meaningful Days Inventory only.

Pittards's Days Inventory increased from Jun. 2021 (392.87) to Jun. 2022 (393.28). It might indicate that Pittards's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pittards's Inventory Turnover for the six months ended in Jun. 2022 was 0.46.

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. Pittards's Inventory-to-Revenue for the six months ended in Jun. 2022 was 1.51.

Pittards Days Inventory Historical Data

The historical data trend for Pittards'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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Pittards Days Inventory Chart

Pittards Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Inventory

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257.18

270.85

398.64

489.76

389.95

Pittards Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Days Inventory	Get a 7-Day Free Trial															568.22	443.43	392.87	382.03	393.28

Competitive Comparison of Pittards's Days Inventory

For the Footwear & Accessories subindustry, Pittards'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.

Pittards's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pittards's Days Inventory distribution charts can be found below:

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

Pittards Days Inventory Calculation

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

Pittards's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (15.021	+	15.316)	/	2 )	/	14.198	*	365
=	15.1685					/	14.198	*	365
=	389.95

Pittards's Days Inventory for the quarter that ended in Jun. 2022 is calculated as:

	Days Inventory (Q: Jun. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
=	( (15.316	+	16.06)	/	2 )	/	7.28	*	365 / 2
=	15.688					/	7.28	*	365 / 2
=	393.28

Pittards (LSE:PTD) 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.

Pittards's Inventory Turnover for the six months ended in Jun. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.28	/	15.688
	=	0.46

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.

Pittards's Inventory to Revenue for the six months ended in Jun. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.688	/	10.37
	=	1.51

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.

Pittards Days Inventory Related Terms

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

Pittards (LSE:PTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pittards PLC (LSE:PTD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sherborne Road, Yeovil, Somerset, GBR, BA21 5BA

Website

https://www.pittards.com

Pittards PLC is a UK-based leather and leather products manufacturer. The company engages in the designing, producing, and procuring advanced leather for sale to manufacturers and distributors of shoes, gloves, luxury leather goods, interiors, and sports equipment. It also supplies to the leather retailer and leather garments manufacturers. The company operates in two segments UK Division and Ethiopia Division. It serves a variety of industries which include fashion, military and services, interiors, sports, and consumer electronics. The company derives most of its revenues from the UK Division of business.

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