Tribe Technology (LSE:TRYB) Days Inventory : 2,062.56 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Tribe Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tribe Technology's Average Total Inventories for the six months ended in Dec. 2023 was £2.02 Mil. Tribe Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was £0.18 Mil. Hence, Tribe Technology's Days Inventory for the six months ended in Dec. 2023 was 2,062.56.

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

LSE:TRYB' s Days Inventory Range Over the Past 10 Years
Min: 518.85 Med: 547.22 Max: 809.59
Current: 809.59

During the past 3 years, Tribe Technology's highest Days Inventory was 809.59. The lowest was 518.85. And the median was 547.22.

LSE:TRYB's Days Inventory is ranked worse than
98.54% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 131.18 vs LSE:TRYB: 809.59

Tribe Technology's Days Inventory increased from Dec. 2022 (1,344.46) to Dec. 2023 (2,062.56). It might indicate that Tribe Technology'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. Tribe Technology's Inventory Turnover for the six months ended in Dec. 2023 was 0.09.

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.

Tribe Technology Days Inventory Historical Data

The historical data trend for Tribe Technology'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.

Tribe Technology Days Inventory Chart

Tribe Technology Annual Data

Trend

Jun21

Jun22

Jun23

Days Inventory

518.85

575.59

Tribe Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			4.80	595.45	1,344.46	442.10	2,062.56

Competitive Comparison of Tribe Technology's Days Inventory

For the Farm & Heavy Construction Machinery subindustry, Tribe Technology'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.

Tribe Technology's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry

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

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

Tribe Technology Days Inventory Calculation

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

Tribe Technology's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.832	+	1.688)	/	2 )	/	0.799	*	365
=	1.26					/	0.799	*	365
=	575.59

Tribe Technology'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
=	( (1.688	+	2.358)	/	2 )	/	0.179	*	365 / 2
=	2.023					/	0.179	*	365 / 2
=	2,062.56

Tribe Technology (LSE:TRYB) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.179	/	2.023
	=	0.09

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.023	/	0
	=

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.

Tribe Technology Days Inventory Related Terms

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

Tribe Technology (LSE:TRYB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tribe Technology PLC (LSE:TRYB) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

7B Enterprise Way, Mallusk, Belfast, GBR, BT36 4EW

Website

https://www.tribetechgroup.com

Tribe Technology PLC is a company involved in developing and manufacturing of autonomous mining equipment. The Company's core activities are the development, in-house manufacturing, and sale of its autonomous reverse circulation (RC) drill rigs incorporating its core proprietary intellectual property, Tribe Technology Drilling System (TTDS).

Tribe Technology (LSE:TRYB) Headlines

No Headlines