Pierce Group AB (OSTO:PIERCE) Days Inventory : 145.96 (As of Dec. 2024)

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What is Pierce Group AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pierce Group AB's Average Total Inventories for the three months ended in Dec. 2024 was kr410 Mil. Pierce Group AB's Cost of Goods Sold for the three months ended in Dec. 2024 was kr256 Mil. Hence, Pierce Group AB's Days Inventory for the three months ended in Dec. 2024 was 145.96.

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

OSTO:PIERCE' s Days Inventory Range Over the Past 10 Years
Min: 145.52 Med: 177.32 Max: 205.82
Current: 145.52

During the past 7 years, Pierce Group AB's highest Days Inventory was 205.82. The lowest was 145.52. And the median was 177.32.

OSTO:PIERCE's Days Inventory is ranked worse than
81.85% of 1278 companies
in the Vehicles & Parts industry
Industry Median: 80.525 vs OSTO:PIERCE: 145.52

Pierce Group AB's Days Inventory declined from Dec. 2023 (155.90) to Dec. 2024 (145.96).

Inventory Turnover measures how fast the company turns over its inventory within a year. Pierce Group AB's Inventory Turnover for the three months ended in Dec. 2024 was 0.63.

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. Pierce Group AB's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.91.

Pierce Group AB Days Inventory Historical Data

The historical data trend for Pierce Group 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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Pierce Group AB Days Inventory Chart

Pierce Group AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

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158.90

182.92

184.12

163.27

154.03

Pierce Group AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial															155.90	158.98	114.33	162.09	145.96

Competitive Comparison of Pierce Group AB's Days Inventory

For the Auto Parts subindustry, Pierce Group 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.

Pierce Group AB's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Pierce Group AB's Days Inventory distribution charts can be found below:

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

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Pierce Group AB Days Inventory Calculation

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

Pierce Group AB's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (344	+	419)	/	2 )	/	904	*	365
=	381.5					/	904	*	365
=	154.03

Pierce Group AB's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (400	+	419)	/	2 )	/	256	*	365 / 4
=	409.5					/	256	*	365 / 4
=	145.96

Pierce Group AB (OSTO:PIERCE) 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.

Pierce Group AB's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	256	/	409.5
	=	0.63

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.

Pierce Group AB's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	409.5	/	451
	=	0.91

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.

Pierce Group AB Days Inventory Related Terms

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

Pierce Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pierce Group AB (OSTO:PIERCE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fleminggatan 20, Stockholm, SWE, 112 26

Website

https://www.piercegroup.com

Pierce Group AB is an e-commerce company. It sells motorcycle and snowmobile gear, parts, accessories, and streetwear to passionate customers through online stores such as 24MX, XLMOTO, and Sledstore. It has a local online presence in European markets. It has two larger segments, the Offroad segment, which includes sales to motocross and enduro riders; and the Onroad segment, which includes sales to high-road riders. In addition, the company has a smaller segment, Other, which focuses on snowmobile riders in the Nordics. A majority of its revenue is generated from the Offroad segment. Geographically, the company generates maximum revenue from Outside Nordics, which mainly refers to markets like Germany, France, Italy, and the United Kingdom, followed by Sweden and Other Nordic regions.

Pierce Group AB Headlines

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