Conrad Industries (Conrad Industries) Days Inventory : 3.09 (As of Sep. 2023)

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What is Conrad Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Conrad Industries's Average Total Inventories for the three months ended in Sep. 2023 was $2.15 Mil. Conrad Industries's Cost of Goods Sold for the three months ended in Sep. 2023 was $63.36 Mil. Hence, Conrad Industries's Days Inventory for the three months ended in Sep. 2023 was 3.09.

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

CNRD' s Days Inventory Range Over the Past 10 Years
Min: 3.67 Med: 9.92 Max: 31.18
Current: 12.37

During the past 13 years, Conrad Industries's highest Days Inventory was 31.18. The lowest was 3.67. And the median was 9.92.

CNRD's Days Inventory is ranked better than
95.49% of 288 companies
in the Aerospace & Defense industry
Industry Median: 141.995 vs CNRD: 12.37

Conrad Industries's Days Inventory increased from Jun. 2018 (2.73) to Sep. 2023 (3.09). It might indicate that Conrad Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Conrad Industries's Inventory Turnover for the three months ended in Sep. 2023 was 29.51.

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. Conrad Industries's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.04.

Conrad Industries Days Inventory Historical Data

The historical data trend for Conrad Industries'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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Conrad Industries Days Inventory Chart

Conrad Industries Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Inventory

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11.03

11.91

8.81

5.65

4.52

Conrad Industries Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Sep22	Sep23
Days Inventory	Get a 7-Day Free Trial															2.73	3.02	4.79	6.61	3.09

Competitive Comparison of Conrad Industries's Days Inventory

For the Aerospace & Defense subindustry, Conrad Industries'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.

Conrad Industries's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Conrad Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Conrad Industries's Days Inventory falls into.

Conrad Industries Days Inventory Calculation

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

Conrad Industries's Days Inventory for the fiscal year that ended in Dec. 2018 is calculated as

	Days Inventory (A: Dec. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (1.039	+	3.493)	/	2 )	/	182.905	*	365
=	2.266					/	182.905	*	365
=	4.52

Conrad Industries's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	2.147)	/	1 )	/	63.364	*	365 / 4
=	2.147					/	63.364	*	365 / 4
=	3.09

Conrad Industries (OTCPK:CNRD) 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.

Conrad Industries's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	63.364	/	2.147
	=	29.51

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.

Conrad Industries's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.147	/	60.668
	=	0.04

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.

Conrad Industries Days Inventory Related Terms

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

Conrad Industries (Conrad Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Conrad Industries Inc (OTCPK:CNRD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Brashear Avenue, Suite 200, Morgan City, LA, USA, 70380

Website

https://www.conradindustries.com

Conrad Industries Inc is engaged in the construction, repair, and conversion of steel and aluminum marine vessels for commercial and governmental customers. The business activity of the firm is operated through Vessel Construction and Repair and Conversions segments. It generates maximum revenue from the Vessel Construction segment. The Vessel Construction segment involves the building of a new vessel, often including engineering and design. The Repair and Conversions segment comprises work on an existing vessel.

Executives

Myers Kenneth G Jr

director, officer: President and CEO

STEWART ENTERPRISES, INC., 1333 SOUTH CLEARVIEW PARKWAY, JEFFERSON LA 70121