AMA Group (ASX:AMA) Days Inventory : 40.47 (As of Dec. 2023)

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What is AMA Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AMA Group's Average Total Inventories for the six months ended in Dec. 2023 was A$46.7 Mil. AMA Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$210.4 Mil. Hence, AMA Group's Days Inventory for the six months ended in Dec. 2023 was 40.47.

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

ASX:AMA' s Days Inventory Range Over the Past 10 Years
Min: 29.72 Med: 38.35 Max: 76.47
Current: 40.7

During the past 13 years, AMA Group's highest Days Inventory was 76.47. The lowest was 29.72. And the median was 38.35.

ASX:AMA's Days Inventory is ranked better than
84.37% of 1254 companies
in the Vehicles & Parts industry
Industry Median: 80.76 vs ASX:AMA: 40.70

AMA Group's Days Inventory increased from Dec. 2022 (39.14) to Dec. 2023 (40.47). It might indicate that AMA Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. AMA Group's Inventory Turnover for the six months ended in Dec. 2023 was 4.51.

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. AMA Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.10.

AMA Group Days Inventory Historical Data

The historical data trend for AMA 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.

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AMA Group Days Inventory Chart

AMA Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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49.16

34.77

29.72

30.93

37.14

AMA Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															26.74	31.26	39.14	39.87	40.47

Competitive Comparison of AMA Group's Days Inventory

For the Auto Parts subindustry, AMA 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.

AMA Group's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, AMA Group's Days Inventory distribution charts can be found below:

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

AMA Group Days Inventory Calculation

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

AMA Group's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (39.565	+	44.457)	/	2 )	/	412.906	*	365
=	42.011					/	412.906	*	365
=	37.14

AMA Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (44.457	+	48.856)	/	2 )	/	210.375	*	365 / 2
=	46.6565					/	210.375	*	365 / 2
=	40.47

AMA Group (ASX:AMA) 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.

AMA Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	210.375	/	46.6565
	=	4.51

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.

AMA Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	46.6565	/	465.781
	=	0.10

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.

AMA Group Days Inventory Related Terms

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

AMA Group (ASX:AMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AMA Group Ltd (ASX:AMA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AMGRF:USA KC7:Germany

Address

484 St Kilda Road, Level 13, Melbourne, VIC, AUS, 3004

Website

https://www.amagroupltd.com

AMA Group Ltd operates in the wholesale vehicle aftercare and accessories market, including smash repair shops, automotive and electrical components, vehicle protection equipment, and servicing workshops for brakes and transmissions. The group only operates within geographical areas which are Australia and New Zealand. Its reportable segments include Vehicle Collision Repairs; Heavy Motor and Supply. The Vehicle Collision Repairs segment act as a revenue driver for the firm.

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