Days Inventory is also known as Days Sales of Inventory (DSI). Smiths Group's Average Total Inventories for the
six
months ended in Jul. 2024 was $826 Mil. Smiths Group's Cost of Goods Sold for the
six
months ended in Jul. 2024 was $1,311 Mil.
Hence, Smiths Group's Days Inventory for the
six
months ended in Jul. 2024 was 114.96.
The historical rank and industry rank for Smiths Group's Days Inventory or its related term are showing as below:
SMGKF'
s Days Inventory Range Over the Past 10 Years
Min: 96.71 Med: 107.23 Max: 126.25
Current: 119.5
During the past 13 years, Smiths Group's highest Days Inventory was 126.25. The lowest was 96.71. And the median was 107.23.
SMGKF's Days Inventory is ranked better than 51.36% of 2905
companies
in the Industrial Products industry
Industry Median: 122.72
vs SMGKF: 119.50
Smiths Group's Days Inventory
declined
from Jul. 2023 (121.08) to Jul. 2024 (114.96).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Smiths Group's Inventory Turnover for the
six
months ended in Jul. 2024 was 1.59.
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.
Smiths Group's Inventory-to-Revenue for the
six
months ended in Jul. 2024 was 0.40.
Smiths Group Days Inventory Historical Data
The historical data trend for Smiths Group'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.
Competitive Comparison of Smiths Group's Days Inventory
For the Specialty Industrial Machinery subindustry, Smiths Group'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.
Smiths Group's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Smiths Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Smiths Group's Days Inventory falls into.
Smiths Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Smiths Group's Days Inventory for the fiscal year that ended in Jul. 2024 is calculated as
* 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.
Smiths Group (OTCPK:SMGKF) 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.
Smiths Group's Inventory Turnover for the
six
months ended in Jul. 2024 is calculated as
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.
Smiths Group's Inventory to Revenue for the
six
months ended in Jul. 2024 is calculated as
* 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.
Smiths Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Smiths Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Smiths Group operates four distinct industrial capital goods businesses, each with industry leadership positions that serve a diverse range of end markets, including oil and gas, aviation & defense, and the general industrial sector. Despite serving disparate markets, each of Smiths Group's constituent companies provide an advanced technology offering backed by the group's engineering expertise. John Crane—Smiths Group's largest business—is the global industry leader in the design and manufacture of highly engineered mechanical seals, boasting the largest installed base across its energy and general industrial end markets. Smiths Detection is a global leading supplier of security and detection scanning equipment to aviation, sea ports, and municipal customers.
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