Quality Industrial (Quality Industrial) Days Inventory : 291.66 (As of Jun. 2023)

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What is Quality Industrial Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Quality Industrial's Average Total Inventories for the three months ended in Jun. 2023 was $43.67 Mil. Quality Industrial's Cost of Goods Sold for the three months ended in Jun. 2023 was $13.66 Mil. Hence, Quality Industrial's Days Inventory for the three months ended in Jun. 2023 was 291.66.

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

QIND' s Days Inventory Range Over the Past 10 Years
Min: 309.03 Med: 487.17 Max: 487.17
Current: 309.03

During the past 4 years, Quality Industrial's highest Days Inventory was 487.17. The lowest was 309.03. And the median was 487.17.

QIND's Days Inventory is ranked worse than
90.22% of 2913 companies
in the Industrial Products industry
Industry Median: 120.59 vs QIND: 309.03

Quality Industrial's Days Inventory increased from Jun. 2022 (0.00) to Jun. 2023 (291.66). It might indicate that Quality Industrial'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. Quality Industrial's Inventory Turnover for the three months ended in Jun. 2023 was 0.31.

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. Quality Industrial's Inventory-to-Revenue for the three months ended in Jun. 2023 was 2.02.

Quality Industrial Days Inventory Historical Data

The historical data trend for Quality Industrial'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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Quality Industrial Days Inventory Chart

Quality Industrial Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Inventory

487.17

Quality Industrial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Inventory	Get a 7-Day Free Trial										-	-	287.34	375.13	291.66

Competitive Comparison of Quality Industrial's Days Inventory

For the Specialty Industrial Machinery subindustry, Quality Industrial'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.

Quality Industrial's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Quality Industrial's Days Inventory distribution charts can be found below:

* The bar in red indicates where Quality Industrial's Days Inventory falls into.

Quality Industrial Days Inventory Calculation

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

Quality Industrial's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	58.636)	/	1 )	/	43.932	*	365
=	58.636					/	43.932	*	365
=	487.17

Quality Industrial's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (45.825	+	41.511)	/	2 )	/	13.662	*	365 / 4
=	43.668					/	13.662	*	365 / 4
=	291.66

Quality Industrial (OTCPK:QIND) 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.

Quality Industrial's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13.662	/	43.668
	=	0.31

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.

Quality Industrial's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	43.668	/	21.602
	=	2.02

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.

Quality Industrial Days Inventory Related Terms

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

Quality Industrial (Quality Industrial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Quality Industrial Corp (OTCPK:QIND) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

315 Montgomery Street, San Francisco, CA, USA, 94104

Website

https://www.qualityindustrialcorp.com

Quality Industrial Corp is engaged in the manufacture and assembly of industrial equipment and precision engineered technology for the Industrial, Oil & Gas, and Utility sectors.

Executives

Terje Aarbogh	10 percent owner	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
John-paul Backwell	officer: Chief Executive Officer	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Louise Bennett	officer: Chief Operations Officer	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Nicolas Link	director, 10 percent owner	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Krishnan Krishnamoorthy	officer: Chief Financial Officer	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Paul Quintal	director	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Rasmus Refer	10 percent owner	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Carsten Falk	officer: CEO	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104