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Days Inventory is also known as Days Sales of Inventory (DSI). Strattec Security's Average Total Inventories for the three months ended in Dec. 2023 was $85.4 Mil. Strattec Security's Cost of Goods Sold for the three months ended in Dec. 2023 was $105.0 Mil. Hence, Strattec Security's Days Inventory for the three months ended in Dec. 2023 was 74.19.
The historical rank and industry rank for Strattec Security's Days Inventory or its related term are showing as below:
During the past 13 years, Strattec Security's highest Days Inventory was 69.70. The lowest was 35.17. And the median was 39.94.
Strattec Security's Days Inventory increased from Dec. 2022 (61.63) to Dec. 2023 (74.19). It might indicate that Strattec Security's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. Strattec Security's Inventory Turnover for the three months ended in Dec. 2023 was 1.23.
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. Strattec Security's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.72.
The historical data trend for Strattec Security'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.
Strattec Security Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 39.93 | 53.03 | 56.22 | 69.70 | 64.00 |
Strattec Security Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Days Inventory | Get a 7-Day Free Trial | 61.63 | 53.52 | 55.99 | 62.16 | 74.19 |
For the Auto Parts subindustry, Strattec Security'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 Vehicles & Parts industry and Consumer Cyclical sector, Strattec Security's Days Inventory distribution charts can be found below:
* The bar in red indicates where Strattec Security's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Strattec Security's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as
Days Inventory (A: Jun. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Jun. 2022 ) | + | Total Inventories (A: Jun. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Jun. 2023 ) | * | Days in Period |
= | ( (80.482 | + | 77.597) | / | 2 ) | / | 450.794 | * | 365 |
= | 79.0395 | / | 450.794 | * | 365 | ||||
= | 64.00 |
Strattec Security's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:
Days Inventory (Q: Dec. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Sep. 2023 ) | + | Total Inventories (Q: Dec. 2023 )) | / | count ) | / | Cost of Goods Sold (Q: Dec. 2023 ) | * | Days in Period |
= | ( (81.367 | + | 89.439) | / | 2 ) | / | 105.035 | * | 365 / 4 |
= | 85.403 | / | 105.035 | * | 365 / 4 | ||||
= | 74.19 |
* 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.
Strattec Security (NAS:STRT) 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.
Strattec Security's Inventory Turnover for the three months ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 105.035 | / | 85.403 | |
= | 1.23 |
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.
Strattec Security's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 85.403 | / | 118.532 | |
= | 0.72 |
* 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 Strattec Security's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Gamco Investors, Inc. Et Al | 10 percent owner | 191 MASON STREET, GREENWICH CT 06830 |
Liebau Frederic Jack Jr | director | P.O. BOX 2200, PASADENA CA 91102-2200 |
Bruce M Lisman | director | C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403 |
Richard P Messina | officer: VP-Strattec Power Access LLC | C/O STRATTEC SECURITY CORPORATION, 3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209 |
Ggcp, Inc. | 10 percent owner | 189 MASON STREET, GREENWICH CT 06830 |
Associated Capital Group, Inc. | 10 percent owner | 191 MASON STREET, GREENWICH CT 06830 |
Mario J Gabelli | 10 percent owner | 191 MASON STREET, GREENWICH CT 06830 |
Dennis Bowe | officer: Vice President and CFO | 3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209 |
Patrick J Hansen | officer: Vice Pres., CFO and Secretary | C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686 |
Frank Krejci | director | |
Tina M Chang | director | 375 BISHOPS WAY, SUITE 105, BROOKFIELD WI 53005 |
Stratton Harold M Ii | director, officer: Chairman of the Board & CEO | P.O. BOX 8057, NAPLES FL 34101 |
Al-waleed H. Hamdan | officer: VP of Product Management | 3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209 |
Rolando Guillot | officer: Vice Pres.-Mexican Operations | C/O STRATTEC SECURITY CORPORATION, 3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209 |
Brian J Reetz | officer: VP - Security Products | C/O STRATTEC SECURITY CORPORATION, 3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209 |
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