Hoganas AB (LTS:0GMD) Days Inventory : 120.10 (As of Jun. 2013)

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What is Hoganas AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hoganas AB's Average Total Inventories for the three months ended in Jun. 2013 was kr1,557 Mil. Hoganas AB's Cost of Goods Sold for the three months ended in Jun. 2013 was kr1,183 Mil. Hence, Hoganas AB's Days Inventory for the three months ended in Jun. 2013 was 120.10.

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

LTS:0GMD's Days Inventory is not ranked ^*
in the Steel industry.
Industry Median: 88.3
* Ranked among companies with meaningful Days Inventory only.

Hoganas AB's Days Inventory increased from Jun. 2012 (114.83) to Jun. 2013 (120.10). It might indicate that Hoganas AB's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hoganas AB's Inventory Turnover for the three months ended in Jun. 2013 was 0.76.

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. Hoganas AB's Inventory-to-Revenue for the three months ended in Jun. 2013 was 0.94.

Hoganas AB Days Inventory Historical Data

The historical data trend for Hoganas AB'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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Hoganas AB Days Inventory Chart

Hoganas AB Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Days Inventory

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100.36

132.97

103.27

112.95

117.74

Hoganas AB Quarterly Data
	Dec07	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13
Days Inventory	Get a 7-Day Free Trial															114.83	128.64	128.58	124.58	120.10

Competitive Comparison of Hoganas AB's Days Inventory

For the Steel subindustry, Hoganas AB'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.

Hoganas AB's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hoganas AB's Days Inventory distribution charts can be found below:

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

Hoganas AB Days Inventory Calculation

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

Hoganas AB's Days Inventory for the fiscal year that ended in Dec. 2012 is calculated as

	Days Inventory (A: Dec. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2012 )	*	Days in Period
=	( (1701	+	1564)	/	2 )	/	5061	*	365
=	1632.5					/	5061	*	365
=	117.74

Hoganas AB's Days Inventory for the quarter that ended in Jun. 2013 is calculated as:

	Days Inventory (Q: Jun. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2013 )	+	Total Inventories (Q: Jun. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2013 )	*	Days in Period
=	( (1527	+	1587)	/	2 )	/	1183	*	365 / 4
=	1557					/	1183	*	365 / 4
=	120.10

Hoganas AB (LTS:0GMD) 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.

Hoganas AB's Inventory Turnover for the three months ended in Jun. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1183	/	1557
	=	0.76

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.

Hoganas AB's Inventory to Revenue for the three months ended in Jun. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1557	/	1652
	=	0.94

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.

Hoganas AB Days Inventory Related Terms

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

Hoganas AB (LTS:0GMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hoganas AB (LTS:0GMD) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Website

http://www.hoganas.com

HÃ¶ganÃ¤s AB develops, manufactures and markets metal powders and metal powder technology. Metal powders are used in iron fortification, printing, surface coating, welding, friction materials, chemical and metallurgical processes & soft magnetic composites.

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