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


What is Quality Industrial Days Inventory?

Quality Industrial QIND +6.67% Days Inventory is 291.66 as of Jun. 2023.

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 is not ranked *
in the Industrial Products industry.
Industry Median: 119.47
* Ranked among companies with meaningful Days Inventory only.

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.

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  (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

* 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.

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

Quality Industrial Days Inventory Historical Data

* Premium members only.

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.

Quality Industrial Days Inventory Chart

Quality Industrial Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Days Inventory
0.00 0.00 0.00 487.17

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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 287.34 375.13 291.66

QIND vs OPTT, AUSI, NSGP: Days Inventory Comparison

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 Days Inventory vs 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

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 291.66 mean?
Quality Industrial (QIND) has a Days Inventory of 291.66 as of Jun. 2023. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Quality Industrial and its competitors.
Is Quality Industrial's Days Inventory too high?
Quality Industrial's current Days Inventory is 291.66. The Industrial Products industry median Days Inventory is 119.47. Quality Industrial's value of 291.66 is 144.1% above this industry median.
How does Quality Industrial's Days Inventory compare to OPTT and AUSI?
Quality Industrial's Days Inventory of 291.66 can be compared against companies in the Industrial Products industry. The industry median Days Inventory is 119.47. Quality Industrial's value of 291.66 is 144.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for an Industrial Products company?
The median Days Inventory among Industrial Products companies is 119.47, based on 2,968 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Quality Industrial's current Days Inventory of 291.66 is 144.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Quality Industrial and its competitors. For the Industrial Products industry, the median Days Inventory is 119.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quality Industrial's current Days Inventory is 291.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quality Industrial stock overvalued right now?
Quality Industrial (QIND) has a current Days Inventory of 291.66. The current Days Inventory is 291.66 and 144.1% above the Industrial Products industry median of 119.47. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Quality Industrial (QIND), the current Days Inventory is 291.66 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Quality Industrial Business Description

Address 505 Montgomery Street, San Francisco, CA, USA, 94104
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. Its services include consulting, designing, supplying, installing, and maintaining LPG systems, as well as the transportation and supply of LPG in both bulk and cylinder formats. The firm cater to a diverse range of clients, including commercial buildings, mixed-use apartment complexes, shopping centers, food courts, heavy industries, labor accommodations, catering units, commercial kitchens, and dining establishments.