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Defence Tech Holding SpA (MIL:DTH) Days Inventory : 21.75 (As of Jun. 2023)


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What is Defence Tech Holding SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Defence Tech Holding SpA's Average Total Inventories for the six months ended in Jun. 2023 was €0.66 Mil. Defence Tech Holding SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €5.53 Mil. Hence, Defence Tech Holding SpA's Days Inventory for the six months ended in Jun. 2023 was 21.75.

The historical rank and industry rank for Defence Tech Holding SpA's Days Inventory or its related term are showing as below:

MIL:DTH' s Days Inventory Range Over the Past 10 Years
Min: 15.91   Med: 24.2   Max: 63.38
Current: 21.41

During the past 4 years, Defence Tech Holding SpA's highest Days Inventory was 63.38. The lowest was 15.91. And the median was 24.20.

MIL:DTH's Days Inventory is ranked better than
91.35% of 289 companies
in the Aerospace & Defense industry
Industry Median: 139.54 vs MIL:DTH: 21.41

Defence Tech Holding SpA's Days Inventory declined from Jun. 2022 (24.84) to Jun. 2023 (21.75).

Inventory Turnover measures how fast the company turns over its inventory within a year. Defence Tech Holding SpA's Inventory Turnover for the six months ended in Jun. 2023 was 8.39.

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. Defence Tech Holding SpA's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.07.

Defence Tech Holding SpA Days Inventory Historical Data

The historical data trend for Defence Tech Holding SpA'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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Defence Tech Holding SpA Days Inventory Chart

Defence Tech Holding SpA Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Days Inventory
63.38 15.91 22.78 25.62

Defence Tech Holding SpA Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Days Inventory Get a 7-Day Free Trial 19.42 24.32 24.84 25.17 21.75

Competitive Comparison of Defence Tech Holding SpA's Days Inventory

For the Aerospace & Defense subindustry, Defence Tech Holding SpA'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.

Defence Tech Holding SpA's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Defence Tech Holding SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Defence Tech Holding SpA's Days Inventory falls into.


Defence Tech Holding SpA Days Inventory Calculation

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

Defence Tech Holding SpA'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
=( (0.778 + 1.029) / 2 ) / 12.874*365
=0.9035 / 12.874*365
=25.62

Defence Tech Holding SpA'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: Dec. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (1.029 + 0.29) / 2 ) / 5.534*365 / 2
=0.6595 / 5.534*365 / 2
=21.75

* 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.

Defence Tech Holding SpA  (MIL:DTH) 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.

Defence Tech Holding SpA's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=5.534 / 0.6595
=8.39

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.

Defence Tech Holding SpA's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.6595 / 9.903
=0.07

* 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.

Defence Tech Holding SpA Days Inventory Related Terms

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

Defence Tech Holding SpA (MIL:DTH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Defence Tech Holding SpA (MIL:DTH) » Definitions » Days Inventory
Comparable Companies
MIL:OS MIL:AVIO MIL:PAG RTX BA LMT XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA. LHX XPAR:HO LSE:RR. HEI.A HWM SHSE:600760 SHSE:600150 XPAR:AM
Traded in Other Exchanges
65F:Germany
Address
Via Giacomo Peroni, 452, Rome, ITA, 00131
Website
https://www.defencetech.it
Defence Tech Holding SpA operates in the cyber security, big data, intelligence, space and national defense sectors through the design, construction and certification of information management systems.