Leonardo DRS (XTAE:DRS) Days Inventory : 57.22 (As of Mar. 2024)

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What is Leonardo DRS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Leonardo DRS's Average Total Inventories for the three months ended in Mar. 2024 was ₪1,261 Mil. Leonardo DRS's Cost of Goods Sold for the three months ended in Mar. 2024 was ₪2,011 Mil. Hence, Leonardo DRS's Days Inventory for the three months ended in Mar. 2024 was 57.22.

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

XTAE:DRS' s Days Inventory Range Over the Past 10 Years
Min: 33.83 Med: 36.44 Max: 57.63
Current: 57.63

During the past 6 years, Leonardo DRS's highest Days Inventory was 57.63. The lowest was 33.83. And the median was 36.44.

XTAE:DRS's Days Inventory is ranked better than
81.94% of 288 companies
in the Aerospace & Defense industry
Industry Median: 148.84 vs XTAE:DRS: 57.63

Leonardo DRS's Days Inventory declined from Mar. 2023 (71.15) to Mar. 2024 (57.22).

Inventory Turnover measures how fast the company turns over its inventory within a year. Leonardo DRS's Inventory Turnover for the three months ended in Mar. 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. Leonardo DRS's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.49.

Leonardo DRS Days Inventory Historical Data

The historical data trend for Leonardo DRS'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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Leonardo DRS Days Inventory Chart

Leonardo DRS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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33.83

36.44

35.37

45.15

54.30

Leonardo DRS Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial														71.15	70.09	64.18	45.37	57.22

Competitive Comparison of Leonardo DRS's Days Inventory

For the Aerospace & Defense subindustry, Leonardo DRS'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.

Leonardo DRS's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Leonardo DRS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Leonardo DRS's Days Inventory falls into.

Leonardo DRS Days Inventory Calculation

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

Leonardo DRS's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1199.313	+	1236.909)	/	2 )	/	8188.415	*	365
=	1218.111					/	8188.415	*	365
=	54.30

Leonardo DRS's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1236.909	+	1285.784)	/	2 )	/	2011.388	*	365 / 4
=	1261.3465					/	2011.388	*	365 / 4
=	57.22

Leonardo DRS (XTAE:DRS) 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.

Leonardo DRS's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2011.388	/	1261.3465
	=	1.59

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.

Leonardo DRS's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1261.3465	/	2586.607
	=	0.49

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.

Leonardo DRS Days Inventory Related Terms

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Leonardo DRS (XTAE:DRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Leonardo DRS Inc (XTAE:DRS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

DRS:USA 2VZ:Germany

Address

2345 Crystal Drive, Suite 1000, Arlington, VA, USA, 22202

Website

https://www.leonardodrs.com

Leonardo DRS Inc is a provider of defense products and technologies that are used across land, air, sea, space and cyber domains. The diverse array of defense systems and solutions is offered to all branches of the U.S. military, aerospace and defense prime contractors, government intelligence agencies and international military customers for deployment on a wide range of military platforms.