Velocity Composites (LSE:VEL) Days Inventory : 48.13 (As of Oct. 2024)

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What is Velocity Composites Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Velocity Composites's Average Total Inventories for the six months ended in Oct. 2024 was £2.30 Mil. Velocity Composites's Cost of Goods Sold for the six months ended in Oct. 2024 was £8.71 Mil. Hence, Velocity Composites's Days Inventory for the six months ended in Oct. 2024 was 48.13.

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

LSE:VEL' s Days Inventory Range Over the Past 10 Years
Min: 41.72 Med: 56.79 Max: 82.59
Current: 52.39

During the past 11 years, Velocity Composites's highest Days Inventory was 82.59. The lowest was 41.72. And the median was 56.79.

LSE:VEL's Days Inventory is ranked better than
83.16% of 291 companies
in the Aerospace & Defense industry
Industry Median: 139.5 vs LSE:VEL: 52.39

Velocity Composites's Days Inventory declined from Oct. 2023 (50.76) to Oct. 2024 (48.13).

Inventory Turnover measures how fast the company turns over its inventory within a year. Velocity Composites's Inventory Turnover for the six months ended in Oct. 2024 was 3.79.

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. Velocity Composites's Inventory-to-Revenue for the six months ended in Oct. 2024 was 0.19.

Velocity Composites Days Inventory Historical Data

The historical data trend for Velocity Composites'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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Velocity Composites Days Inventory Chart

Velocity Composites Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Days Inventory

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82.59

70.32

45.24

56.84

56.14

Velocity Composites Semi-Annual Data
	Oct14	Oct15	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Days Inventory	Get a 7-Day Free Trial														45.47	50.82	50.76	53.00	48.13

Competitive Comparison of Velocity Composites's Days Inventory

For the Aerospace & Defense subindustry, Velocity Composites'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.

Velocity Composites's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Velocity Composites's Days Inventory distribution charts can be found below:

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

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Velocity Composites Days Inventory Calculation

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

Velocity Composites's Days Inventory for the fiscal year that ended in Oct. 2024 is calculated as

	Days Inventory (A: Oct. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Oct. 2023 )	+	Total Inventories (A: Oct. 2024 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2024 )	*	Days in Period
=	( (2.743	+	2.5)	/	2 )	/	17.045	*	365
=	2.6215					/	17.045	*	365
=	56.14

Velocity Composites's Days Inventory for the quarter that ended in Oct. 2024 is calculated as:

	Days Inventory (Q: Oct. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Apr. 2024 )	+	Total Inventories (Q: Oct. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
=	( (2.096	+	2.5)	/	2 )	/	8.714	*	365 / 2
=	2.298					/	8.714	*	365 / 2
=	48.13

Velocity Composites (LSE:VEL) 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.

Velocity Composites's Inventory Turnover for the six months ended in Oct. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.714	/	2.298
	=	3.79

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.

Velocity Composites's Inventory to Revenue for the six months ended in Oct. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.298	/	12.261
	=	0.19

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.

Velocity Composites Days Inventory Related Terms

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

Velocity Composites Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Velocity Composites PLC (LSE:VEL) » Definitions » Days Inventory

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Traded in Other Exchanges

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Address

Billington Road, AMS Technology Park, Burnley, Lancashire, GBR, BB11 5UB

Website

https://www.velocity-composites.com

Velocity Composites PLC is a provider of engineered composite material kits to the aerospace industry. The company has operational functions across Europe, the UK, the U.S and the rest of the world. It generates maximum revenue from the United Kingdom. It offers Structural Pre-preg Kits, Engineered Vacuum Bag Material Kits, Honeycomb, Core Potting Compounds, Co-bonded Materials, Process & Tooling Aids, and Engineering Support Services. Revenue arises mainly from the sale of structural and consumable materials for use within the aerospace industry.