Gale Pacific (ASX:GAP) Days Inventory : 252.77 (As of Dec. 2023)

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What is Gale Pacific Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gale Pacific's Average Total Inventories for the six months ended in Dec. 2023 was A$51.8 Mil. Gale Pacific's Cost of Goods Sold for the six months ended in Dec. 2023 was A$37.4 Mil. Hence, Gale Pacific's Days Inventory for the six months ended in Dec. 2023 was 252.77.

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

ASX:GAP' s Days Inventory Range Over the Past 10 Years
Min: 134.47 Med: 174.58 Max: 267.42
Current: 267.42

During the past 13 years, Gale Pacific's highest Days Inventory was 267.42. The lowest was 134.47. And the median was 174.58.

ASX:GAP's Days Inventory is ranked worse than
85.16% of 1011 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.69 vs ASX:GAP: 267.42

Gale Pacific's Days Inventory declined from Dec. 2022 (257.53) to Dec. 2023 (252.77).

Inventory Turnover measures how fast the company turns over its inventory within a year. Gale Pacific's Inventory Turnover for the six months ended in Dec. 2023 was 0.72.

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. Gale Pacific's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.67.

Gale Pacific Days Inventory Historical Data

The historical data trend for Gale Pacific'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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Gale Pacific Days Inventory Chart

Gale Pacific Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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243.67

224.56

172.19

171.20

217.22

Gale Pacific 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															178.73	188.21	257.53	265.57	252.77

Competitive Comparison of Gale Pacific's Days Inventory

For the Textile Manufacturing subindustry, Gale Pacific'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.

Gale Pacific's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gale Pacific's Days Inventory distribution charts can be found below:

* The bar in red indicates where Gale Pacific's Days Inventory falls into.

Gale Pacific Days Inventory Calculation

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

Gale Pacific'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
=	( (56.299	+	53.344)	/	2 )	/	92.119	*	365
=	54.8215					/	92.119	*	365
=	217.22

Gale Pacific'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
=	( (53.344	+	50.289)	/	2 )	/	37.412	*	365 / 2
=	51.8165					/	37.412	*	365 / 2
=	252.77

Gale Pacific (ASX:GAP) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	37.412	/	51.8165
	=	0.72

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	51.8165	/	77.002
	=	0.67

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.

Gale Pacific Days Inventory Related Terms

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

Gale Pacific (ASX:GAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gale Pacific Ltd (ASX:GAP) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

145 Woodlands Drive, P.O. Box 892, Braeside, Melbourne, VIC, AUS, 3195

Website

https://www.galepacific.com

Gale Pacific Ltd is engaged in the manufacturing and marketing of branded screening and shading products for domestic, commercial, and industrial applications. The company's geographical segments include Australia/ New Zealand, the Americas, and Developing Markets. It derives a majority of its revenue from the Americas. The company brands include GALE Pacific Commercial, Coolaroo, GALE Guard, and Zone Interiors.

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