Karo Leather (XPRA:KARIN) Days Inventory : 387.59 (As of Dec. 2022)

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What is Karo Leather Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Karo Leather's Average Total Inventories for the six months ended in Dec. 2022 was Kč165.8 Mil. Karo Leather's Cost of Goods Sold for the six months ended in Dec. 2022 was Kč156.1 Mil. Hence, Karo Leather's Days Inventory for the six months ended in Dec. 2022 was 193.80.

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

XPRA:KARIN' s Days Inventory Range Over the Past 10 Years
Min: 387.59 Med: 437.23 Max: 497.73
Current: 387.59

During the past 5 years, Karo Leather's highest Days Inventory was 497.73. The lowest was 387.59. And the median was 437.23.

XPRA:KARIN's Days Inventory is ranked worse than
93.37% of 1011 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.14 vs XPRA:KARIN: 387.59

Karo Leather's Days Inventory declined from Dec. 2020 (437.23) to Dec. 2022 (387.59).

Inventory Turnover measures how fast the company turns over its inventory within a year. Karo Leather's Inventory Turnover for the six months ended in Dec. 2022 was 0.94.

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. Karo Leather's Inventory-to-Revenue for the six months ended in Dec. 2022 was 0.87.

Karo Leather Days Inventory Historical Data

The historical data trend for Karo Leather'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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Karo Leather Days Inventory Chart

Karo Leather Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

437.23

497.73

387.59

Karo Leather Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Dec22
Days Inventory	-	-	437.23	497.73	387.59

Competitive Comparison of Karo Leather's Days Inventory

For the Textile Manufacturing subindustry, Karo Leather'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.

Karo Leather's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Karo Leather's Days Inventory distribution charts can be found below:

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

Karo Leather Days Inventory Calculation

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

Karo Leather'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
=	( (152.945	+	178.62)	/	2 )	/	156.12	*	365
=	165.7825					/	156.12	*	365
=	387.59

Karo Leather's Days Inventory for the quarter that ended in Dec. 2022 is calculated as:

	Days Inventory (Q: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (152.945	+	178.62)	/	2 )	/	156.12	*	365 / 2
=	165.7825					/	156.12	*	365 / 2
=	193.80

Karo Leather (XPRA:KARIN) 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.

Karo Leather's Inventory Turnover for the six months ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	156.12	/	165.7825
	=	0.94

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.

Karo Leather's Inventory to Revenue for the six months ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	165.7825	/	190.792
	=	0.87

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.

Karo Leather Days Inventory Related Terms

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

Karo Leather (XPRA:KARIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Karo Leather (XPRA:KARIN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rohanske nabrezi 642/35, Prague, CZE, 186 00

Website

https://www.karo-leather.com

Karo Leather is engaged in machine processing and trading of leather for the furniture industry and selling of cowhides. Its products include sells buffalo, cowhide products; and upholstery leather. It markets products in European Union countries, especially Poland.

Karo Leather (XPRA:KARIN) Headlines

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