THUPY (Thule Group AB) Days Inventory : 181.97 (As of Dec. 2024)

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What is Thule Group AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Thule Group AB's Average Total Inventories for the three months ended in Dec. 2024 was $177.9 Mil. Thule Group AB's Cost of Goods Sold for the three months ended in Dec. 2024 was $89.2 Mil. Hence, Thule Group AB's Days Inventory for the three months ended in Dec. 2024 was 181.97.

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

THUPY' s Days Inventory Range Over the Past 10 Years
Min: 84.69 Med: 92.44 Max: 183.65
Current: 135.89

During the past 13 years, Thule Group AB's highest Days Inventory was 183.65. The lowest was 84.69. And the median was 92.44.

THUPY's Days Inventory is ranked worse than
78.01% of 673 companies
in the Travel & Leisure industry
Industry Median: 31.35 vs THUPY: 135.89

Thule Group AB's Days Inventory declined from Dec. 2023 (206.18) to Dec. 2024 (181.97).

Inventory Turnover measures how fast the company turns over its inventory within a year. Thule Group AB's Inventory Turnover for the three months ended in Dec. 2024 was 0.50.

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. Thule Group AB's Inventory-to-Revenue for the three months ended in Dec. 2024 was 1.16.

Thule Group AB Days Inventory Historical Data

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

Thule Group AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

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80.82

107.60

174.24

182.42

154.16

Thule 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															206.18	145.54	108.59	118.18	181.97

Competitive Comparison of Thule Group AB's Days Inventory

For the Leisure subindustry, Thule 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.

Thule Group AB's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Thule Group AB's Days Inventory distribution charts can be found below:

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

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Thule Group AB Days Inventory Calculation

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

Thule 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
=	( (224.224	+	196.177)	/	2 )	/	497.679	*	365
=	210.2005					/	497.679	*	365
=	154.16

Thule 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
=	( (159.644	+	196.177)	/	2 )	/	89.213	*	365 / 4
=	177.9105					/	89.213	*	365 / 4
=	181.97

Thule Group AB (OTCPK:THUPY) 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.

Thule 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
	=	89.213	/	177.9105
	=	0.50

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	177.9105	/	152.754
	=	1.16

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.

Thule Group AB Days Inventory Related Terms

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

Thule Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Thule Group AB (OTCPK:THUPY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

THLPF:USA THULE:Sweden 0R3W:UK TU0:Germany

Address

Fosievagen 13, Malmo, SWE, SE- 214 31

Website

https://www.thulegroup.com

Thule Group AB is a manufacturer of sports and outdoor products. It develops and manufactures premium products that facilitate an active outdoor life. Its product categories; Sport&Cargo Carriers (roof racks, roof boxes, and carriers for transporting cycling, water, and winter sports equipment, and rooftop tents mounted on a car), Juvenile & Pet Products (strollers, bike trailers, and child bike seats), RV Products (awnings, bike carriers and tents for RVs and caravans) and Packs, Bags & Luggage (hiking backpacks, luggage, and camera bags). It has two operating segments: Region Europe and ROW, and Region Americas. Geographic markets: Sweden, Other Nordic countries, Germany, Other Europe, the USA, Other North America, Central/South America, Asia/Pacific Rim, and the Rest of the world.