Altron (JSE:ATNP.PFD) Days Inventory : 43.24 (As of Aug. 2023)

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What is Altron Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Altron's Average Total Inventories for the six months ended in Aug. 2023 was R855.00 Mil. Altron's Cost of Goods Sold for the six months ended in Aug. 2023 was R3,609.00 Mil. Hence, Altron's Days Inventory for the six months ended in Aug. 2023 was 43.24.

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

JSE:ATNP.PFD' s Days Inventory Range Over the Past 10 Years
Min: 25.7 Med: 49.05 Max: 99.95
Current: 40.77

During the past 13 years, Altron's highest Days Inventory was 99.95. The lowest was 25.70. And the median was 49.05.

JSE:ATNP.PFD's Days Inventory is ranked worse than
64.53% of 1562 companies
in the Software industry
Industry Median: 19.44 vs JSE:ATNP.PFD: 40.77

Altron's Days Inventory declined from Aug. 2022 (52.41) to Aug. 2023 (43.24).

Inventory Turnover measures how fast the company turns over its inventory within a year. Altron's Inventory Turnover for the six months ended in Aug. 2023 was 4.22.

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. Altron's Inventory-to-Revenue for the six months ended in Aug. 2023 was 0.20.

Altron Days Inventory Historical Data

The historical data trend for Altron'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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Altron Days Inventory Chart

Altron Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Inventory

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25.70

65.60

58.59

48.04

44.28

Altron Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Days Inventory	Get a 7-Day Free Trial															-	-	52.41	40.77	43.24

Competitive Comparison of Altron's Days Inventory

For the Information Technology Services subindustry, Altron'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.

Altron's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Altron's Days Inventory distribution charts can be found below:

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

Altron Days Inventory Calculation

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

Altron's Days Inventory for the fiscal year that ended in Feb. 2023 is calculated as

	Days Inventory (A: Feb. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (972	+	1023)	/	2 )	/	8223	*	365
=	997.5					/	8223	*	365
=	44.28

Altron's Days Inventory for the quarter that ended in Aug. 2023 is calculated as:

	Days Inventory (Q: Aug. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (1023	+	687)	/	2 )	/	3609	*	365 / 2
=	855					/	3609	*	365 / 2
=	43.24

Altron (JSE:ATNP.PFD) 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.

Altron's Inventory Turnover for the six months ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3609	/	855
	=	4.22

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.

Altron's Inventory to Revenue for the six months ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	855	/	4321
	=	0.20

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.

Altron Days Inventory Related Terms

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

Altron (JSE:ATNP.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Altron Ltd (JSE:ATNP.PFD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AEL:South Africa

Address

20 Woodlands Drive, Altron Campus, Woodlands Office Park, Woodmead, GT, ZAF, 2191

Website

https://www.altron.com

Altron Ltd provides integrated ICT solutions to businesses, governments, and consumers. Its segments are Digital Transformation, Managed Services, and Own Platforms. It has a direct presence in South Africa, the rest of Africa, Europe, the Middle East, and Australia. Most of the group's revenue is derived from the local market in South Africa.

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