DRA Global (ASX:DRA) Days Inventory : 1.57 (As of Dec. 2023)

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What is DRA Global Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). DRA Global's Average Total Inventories for the six months ended in Dec. 2023 was A$3.0 Mil. DRA Global's Cost of Goods Sold for the six months ended in Dec. 2023 was A$349.9 Mil. Hence, DRA Global's Days Inventory for the six months ended in Dec. 2023 was 1.57.

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

ASX:DRA' s Days Inventory Range Over the Past 10 Years
Min: 1.31 Med: 1.57 Max: 1.72
Current: 1.71

During the past 4 years, DRA Global's highest Days Inventory was 1.72. The lowest was 1.31. And the median was 1.57.

ASX:DRA's Days Inventory is ranked better than
92.76% of 1395 companies
in the Construction industry
Industry Median: 48.75 vs ASX:DRA: 1.71

DRA Global's Days Inventory declined from Dec. 2022 (1.88) to Dec. 2023 (1.57).

Inventory Turnover measures how fast the company turns over its inventory within a year. DRA Global's Inventory Turnover for the six months ended in Dec. 2023 was 116.54.

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. DRA Global's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.01.

DRA Global Days Inventory Historical Data

The historical data trend for DRA Global'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.

* Premium members only.

DRA Global Days Inventory Chart

DRA Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

1.31

1.57

1.72

DRA Global Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	-	1.30	1.88	1.84	1.57

Competitive Comparison of DRA Global's Days Inventory

For the Engineering & Construction subindustry, DRA Global'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.

DRA Global's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, DRA Global's Days Inventory distribution charts can be found below:

* The bar in red indicates where DRA Global's Days Inventory falls into.

DRA Global Days Inventory Calculation

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

DRA Global'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
=	( (3.501	+	2.895)	/	2 )	/	677.384	*	365
=	3.198					/	677.384	*	365
=	1.72

DRA Global'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
=	( (3.109	+	2.895)	/	2 )	/	349.864	*	365 / 2
=	3.002					/	349.864	*	365 / 2
=	1.57

DRA Global (ASX:DRA) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	349.864	/	3.002
	=	116.54

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.002	/	468.824
	=	0.01

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.

DRA Global Days Inventory Related Terms

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

DRA Global (ASX:DRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » DRA Global Ltd (ASX:DRA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

DRA:South Africa

Address

256 Adelaide Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.draglobal.com

DRA Global Ltd is a diversified global engineering, project delivery, and operations management group. It provides engineering excellence through all stages of the project life cycle from concept through delivery, commissioning, operations, and rehabilitation. DRA has expertise in mining, minerals and metals processing, and related non-process infrastructure, including ESG, water, and energy solutions for the mining industry. Some of its projects are Elikhulu Gold, Yangibana Rare Earths Project, and Northam Platinum among others.

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