Ventia Services Group (ASX:VNT) Days Inventory : 39.35 (As of Dec. 2023)

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What is Ventia Services Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ventia Services Group's Average Total Inventories for the six months ended in Dec. 2023 was A$47 Mil. Ventia Services Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$219 Mil. Hence, Ventia Services Group's Days Inventory for the six months ended in Dec. 2023 was 39.35.

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

ASX:VNT' s Days Inventory Range Over the Past 10 Years
Min: 32.94 Med: 37.13 Max: 39.19
Current: 39.19

During the past 3 years, Ventia Services Group's highest Days Inventory was 39.19. The lowest was 32.94. And the median was 37.13.

ASX:VNT's Days Inventory is ranked better than
54.55% of 1395 companies
in the Construction industry
Industry Median: 48.56 vs ASX:VNT: 39.19

Ventia Services Group's Days Inventory increased from Dec. 2022 (34.98) to Dec. 2023 (39.35). It might indicate that Ventia Services Group's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ventia Services Group's Inventory Turnover for the six months ended in Dec. 2023 was 4.64.

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. Ventia Services Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.

Ventia Services Group Days Inventory Historical Data

The historical data trend for Ventia Services 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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Ventia Services Group Days Inventory Chart

Ventia Services Group Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

32.94

37.13

38.41

Ventia Services Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	-	36.26	34.98	39.84	39.35

Competitive Comparison of Ventia Services Group's Days Inventory

For the Infrastructure Operations subindustry, Ventia Services 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.

Ventia Services Group's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ventia Services Group's Days Inventory distribution charts can be found below:

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

Ventia Services Group Days Inventory Calculation

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

Ventia Services Group'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
=	( (42.7	+	46.8)	/	2 )	/	425.3	*	365
=	44.75					/	425.3	*	365
=	38.41

Ventia Services 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
=	( (47.5	+	46.8)	/	2 )	/	218.7	*	365 / 2
=	47.15					/	218.7	*	365 / 2
=	39.35

Ventia Services Group (ASX:VNT) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	218.7	/	47.15
	=	4.64

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	47.15	/	2889.6
	=	0.02

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.

Ventia Services Group Days Inventory Related Terms

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

Ventia Services Group (ASX:VNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ventia Services Group Ltd (ASX:VNT) » Definitions » Days Inventory

Traded in Other Exchanges

VNT:New Zealand

Address

80 Pacific Highway, Level 8, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.ventia.com

While Ventia is not the largest player with an estimated 7.5% share of addressable markets, it is a leading infrastructure maintenance services provider in Australia and New Zealand. Its capabilities span the full asset lifecycle including operations and maintenance, facilities management, minor capital works, environmental services, and other solutions. And its business model is favorably capital-light via flexing of a large contractor base complementing a deep pool of talented employees. Ventia has long-term relationships with a diverse range of public and private sector clients with many client relationships maintained for decades. Contracts are favorably long with an average five-year duration at inception and most containing some form of embedded price escalation.