Days Inventory is also known as Days Sales of Inventory (DSI). Spectris's Average Total Inventories for the
six
months ended in Dec. 2023 was £247 Mil. Spectris's Cost of Goods Sold for the
six
months ended in Dec. 2023 was £309 Mil.
Hence, Spectris's Days Inventory for the
six
months ended in Dec. 2023 was 145.60.
The historical rank and industry rank for Spectris's Days Inventory or its related term are showing as below:
LSE:SXS'
s Days Inventory Range Over the Past 10 Years
Min: 100.89 Med: 119.7 Max: 150.62
Current: 150.62
During the past 13 years, Spectris's highest Days Inventory was 150.62. The lowest was 100.89. And the median was 119.70.
LSE:SXS's Days Inventory is ranked worse than 68.52% of 2408
companies
in the Hardware industry
Industry Median: 102.555
vs LSE:SXS: 150.62
Spectris's Days Inventory
increased
from Dec. 2022 (139.47) to Dec. 2023 (145.60).
It might indicate that Spectris's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Spectris's Inventory Turnover for the
six
months ended in Dec. 2023 was 1.25.
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.
Spectris's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.33.
Spectris Days Inventory Historical Data
The historical data trend for Spectris'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.
Competitive Comparison of Spectris's Days Inventory
For the Scientific & Technical Instruments subindustry, Spectris'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.
Spectris's Days Inventory Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Spectris's Days Inventory distribution charts can be found below:
* The bar in red indicates where Spectris's Days Inventory falls into.
Spectris Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Spectris's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Spectris (LSE:SXS) 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.
Spectris's Inventory Turnover for the
six
months ended in Dec. 2023 is calculated as
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.
Spectris's Inventory to Revenue for the
six
months ended in Dec. 2023 is calculated as
* 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.
Spectris Days Inventory Related Terms
Thank you for viewing the detailed overview of Spectris's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Spectris PLC supplies measuring instruments for research and industrial applications. The firm operates in four segments: Industrial Solutions, which includes a range of specialty businesses involved in particle measurement and testing; Malvern Panalytical, which provides tools for measuring the structure, size, and amount of particles during research and production; HBK, which makes measuring tools for product design and improvement; and Omega, which provides tools for measuring and controlling temperature, humidity, pressure, and conductivity. Revenue is generated in Asia, Europe, and North America in industries such as pharmaceutical, mining, and academic research.
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