Somero Enterprises (LSE:SOM) Days Inventory : 132.79 (As of Dec. 2023)

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What is Somero Enterprises Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Somero Enterprises's Average Total Inventories for the six months ended in Dec. 2023 was £16.13 Mil. Somero Enterprises's Cost of Goods Sold for the six months ended in Dec. 2023 was £22.17 Mil. Hence, Somero Enterprises's Days Inventory for the six months ended in Dec. 2023 was 132.79.

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

LSE:SOM' s Days Inventory Range Over the Past 10 Years
Min: 81.79 Med: 98.19 Max: 137.65
Current: 137.65

During the past 13 years, Somero Enterprises's highest Days Inventory was 137.65. The lowest was 81.79. And the median was 98.19.

LSE:SOM's Days Inventory is ranked worse than
53.17% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 130.55 vs LSE:SOM: 137.65

Somero Enterprises's Days Inventory increased from Dec. 2022 (121.94) to Dec. 2023 (132.79). It might indicate that Somero Enterprises's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Somero Enterprises's Inventory Turnover for the six months ended in Dec. 2023 was 1.37.

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. Somero Enterprises's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.33.

Somero Enterprises Days Inventory Historical Data

The historical data trend for Somero Enterprises'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.

Somero Enterprises Days Inventory Chart

Somero Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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111.03

108.93

81.79

101.50

133.30

Somero Enterprises 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															85.11	106.24	121.94	147.79	132.79

Competitive Comparison of Somero Enterprises's Days Inventory

For the Farm & Heavy Construction Machinery subindustry, Somero Enterprises'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.

Somero Enterprises's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry

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

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

Somero Enterprises Days Inventory Calculation

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

Somero Enterprises'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
=	( (15.475	+	15.306)	/	2 )	/	42.141	*	365
=	15.3905					/	42.141	*	365
=	133.30

Somero Enterprises'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
=	( (16.954	+	15.306)	/	2 )	/	22.169	*	365 / 2
=	16.13					/	22.169	*	365 / 2
=	132.79

Somero Enterprises (LSE:SOM) 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.

Somero Enterprises's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	22.169	/	16.13
	=	1.37

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.

Somero Enterprises's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16.13	/	48.861
	=	0.33

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.

Somero Enterprises Days Inventory Related Terms

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

Somero Enterprises (LSE:SOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Somero Enterprises Inc (LSE:SOM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

14530 Global Parkway, Fort Myers, FL, USA, 33913

Website

https://www.somero.com

Somero Enterprises Inc provides concrete placing solutions. The company provides concrete-leveling equipment, training, education, & support to its customers. Its products include CopperHead, Mini Screed C, S-840, S-15R, S-22E, S-485, S-940, S-10A, & the S-158 Laser Screed machines; STS-11M Topping Spreader; as well as the 3-D Profiler System software, the Somero Floor Levelness System, & the SP-16 Concrete Hose Line-Pulling & Placing System. Its revenues are derived from sales of Boomed screed products, Ride-on screed products, Remanufactured machines sales, 3-D Profiler System, & sales of parts & accessories, other equipment, service, training, & shipping charges. Geographically, it operates in North America, EMEA & ROW (Australia, Latin America, India, China, Korea, & Southeast Asia).

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