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Days Inventory is also known as Days Sales of Inventory (DSI). Circor International's Average Total Inventories for the three months ended in Jun. 2023 was $162.0 Mil. Circor International's Cost of Goods Sold for the three months ended in Jun. 2023 was $140.2 Mil. Hence, Circor International's Days Inventory for the three months ended in Jun. 2023 was 105.40.
The historical rank and industry rank for Circor International's Days Inventory or its related term are showing as below:
During the past 13 years, Circor International's highest Days Inventory was 216.31. The lowest was 78.08. And the median was 111.29.
Circor International's Days Inventory increased from Jun. 2022 (92.09) to Jun. 2023 (105.40). It might indicate that Circor International's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. Circor International's Inventory Turnover for the three months ended in Jun. 2023 was 0.87.
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. Circor International's Inventory-to-Revenue for the three months ended in Jun. 2023 was 0.78.
The historical data trend for Circor International'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.
Circor International Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 103.03 | 78.08 | 90.87 | 86.86 | 90.63 |
Circor International Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Days Inventory | Get a 7-Day Free Trial | 92.09 | 96.74 | 91.53 | 104.93 | 105.40 |
For the Specialty Industrial Machinery subindustry, Circor International'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.
For the Industrial Products industry and Industrials sector, Circor International's Days Inventory distribution charts can be found below:
* The bar in red indicates where Circor International's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Circor International's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as
Days Inventory (A: Dec. 2022 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Dec. 2021 ) | + | Total Inventories (A: Dec. 2022 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2022 ) | * | Days in Period |
= | ( (123.343 | + | 139.786) | / | 2 ) | / | 529.832 | * | 365 |
= | 131.5645 | / | 529.832 | * | 365 | ||||
= | 90.63 |
Circor International's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:
Days Inventory (Q: Jun. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Mar. 2023 ) | + | Total Inventories (Q: Jun. 2023 )) | / | count ) | / | Cost of Goods Sold (Q: Jun. 2023 ) | * | Days in Period |
= | ( (156.967 | + | 166.955) | / | 2 ) | / | 140.224 | * | 365 / 4 |
= | 161.961 | / | 140.224 | * | 365 / 4 | ||||
= | 105.40 |
* 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.
Circor International (NYSE:CIR) 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.
Circor International's Inventory Turnover for the three months ended in Jun. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 140.224 | / | 161.961 | |
= | 0.87 |
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.
Circor International's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 161.961 | / | 208.809 | |
= | 0.78 |
* 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.
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.
Thank you for viewing the detailed overview of Circor International's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Forrest Tiedeman | officer: Vice President, Treasury & Tax | C/O CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Samuel R. Chapin | director | 940 WINTER STREET, C/O PERKINELMER, WALTHAM MA 02451 |
Tony S. Najjar | director, officer: President and CEO | C/O CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Helmuth Ludwig | director | CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Arjun Sharma | officer: CFO and SVP Bus Development | 50 PARK ROW WEST, PROVIDENCE RI 02903 |
John A Odonnell | director | 2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019 |
Jessica Wiley Wenzell | officer: SVP, General Counsel & CPO | 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Bruce M Lisman | director | C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403 |
Jill D. Smith | director | 1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503 |
Tina Donikowski | director | 1625 SHARP POINT DRIVE, FORT COLLINS CO 80525 |
Losak Joseph C. Ii | officer: VP Finance, Controller, PAO | 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
George Arthur L Jr | director | 12500 TI BOULEVARD, MS 8476, DALLAS TX 75243 |
Sumit Mehrotra | officer: Group Pres, Adv Flow Solutions | CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Tanya Dawkins | officer: Director and Treasurer | CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Amit Goel | officer: VP Finance, Corp. Controller | 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
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