Danish Aerospace Co A/S (OCSE:DAC) Days Inventory : 164.08 (As of Dec. 2023)

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What is Danish Aerospace Co A/S Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Danish Aerospace Co A/S's Average Total Inventories for the six months ended in Dec. 2023 was kr6.96 Mil. Danish Aerospace Co A/S's Cost of Goods Sold for the six months ended in Dec. 2023 was kr7.74 Mil. Hence, Danish Aerospace Co A/S's Days Inventory for the six months ended in Dec. 2023 was 164.08.

The historical rank and industry rank for Danish Aerospace Co A/S's Days Inventory or its related term are showing as below:

OCSE:DAC' s Days Inventory Range Over the Past 10 Years
Min: 11.81 Med: 26.84 Max: 80.88
Current: 80.88

During the past 7 years, Danish Aerospace Co A/S's highest Days Inventory was 80.88. The lowest was 11.81. And the median was 26.84.

OCSE:DAC's Days Inventory is ranked better than
73.61% of 288 companies
in the Aerospace & Defense industry
Industry Median: 148.84 vs OCSE:DAC: 80.88

Danish Aerospace Co A/S's Days Inventory increased from Dec. 2022 (6.29) to Dec. 2023 (164.08). It might indicate that Danish Aerospace Co A/S's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Danish Aerospace Co A/S's Inventory Turnover for the six months ended in Dec. 2023 was 1.11.

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. Danish Aerospace Co A/S's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.33.

Danish Aerospace Co A/S Days Inventory Historical Data

The historical data trend for Danish Aerospace Co A/S'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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Danish Aerospace Co A/S Days Inventory Chart

Danish Aerospace Co A/S Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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56.78

38.66

11.81

15.01

Danish Aerospace Co A/S Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial								22.47	8.10	6.29	193.76	164.08

Competitive Comparison of Danish Aerospace Co A/S's Days Inventory

For the Aerospace & Defense subindustry, Danish Aerospace Co A/S'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.

Danish Aerospace Co A/S's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Danish Aerospace Co A/S's Days Inventory distribution charts can be found below:

* The bar in red indicates where Danish Aerospace Co A/S's Days Inventory falls into.

Danish Aerospace Co A/S Days Inventory Calculation

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

Danish Aerospace Co A/S'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
=	( (0.462	+	0)	/	1 )	/	11.232	*	365
=	0.462					/	11.232	*	365
=	15.01

Danish Aerospace Co A/S'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
=	( (6.957	+	0)	/	1 )	/	7.738	*	365 / 2
=	6.957					/	7.738	*	365 / 2
=	164.08

Danish Aerospace Co A/S (OCSE:DAC) 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.

Danish Aerospace Co A/S's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.738	/	6.957
	=	1.11

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.

Danish Aerospace Co A/S's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.957	/	20.799
	=	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.

Danish Aerospace Co A/S Days Inventory Related Terms

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Danish Aerospace Co A/S (OCSE:DAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Danish Aerospace Co A/S (OCSE:DAC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hvidkjaervej 31A Street, Odense, DNK, DK-5250

Website

https://www.danishaerospace.com

Danish Aerospace Co A/S is a high-tech company operating in the area of advanced medical instrumentation and other engineering fields primarily within space applications. The main activity of the company is to develop innovative technological solutions for space exploration. This comprises design, development, and manufacturing of medical monitoring and exercise equipment, as well as to support preparations for and realisation of manned space flights.