Alliance Entertainment Holding (Alliance Entertainment Holding) Days Inventory : 33.01 (As of Dec. 2023)

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What is Alliance Entertainment Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Alliance Entertainment Holding's Average Total Inventories for the three months ended in Dec. 2023 was $137 Mil. Alliance Entertainment Holding's Cost of Goods Sold for the three months ended in Dec. 2023 was $378 Mil. Hence, Alliance Entertainment Holding's Days Inventory for the three months ended in Dec. 2023 was 33.01.

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

AENT' s Days Inventory Range Over the Past 10 Years
Min: 45.32 Med: 57.79 Max: 68.55
Current: 55.61

During the past 4 years, Alliance Entertainment Holding's highest Days Inventory was 68.55. The lowest was 45.32. And the median was 57.79.

AENT's Days Inventory is ranked worse than
63.11% of 656 companies
in the Media - Diversified industry
Industry Median: 25.75 vs AENT: 55.61

Alliance Entertainment Holding's Days Inventory declined from Dec. 2022 (37.71) to Dec. 2023 (33.01).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Alliance Entertainment Holding's Inventory Turnover for the three months ended in Dec. 2023 was 2.76.

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. Alliance Entertainment Holding's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.32.

Alliance Entertainment Holding Days Inventory Historical Data

The historical data trend for Alliance Entertainment Holding'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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Alliance Entertainment Holding Days Inventory Chart

Alliance Entertainment Holding Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Days Inventory

45.32

57.79

68.55

Alliance Entertainment Holding Quarterly Data
	Jun20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial						37.71	77.04	65.17	69.68	33.01

Competitive Comparison of Alliance Entertainment Holding's Days Inventory

For the Entertainment subindustry, Alliance Entertainment Holding'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.

Alliance Entertainment Holding's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Alliance Entertainment Holding's Days Inventory distribution charts can be found below:

* The bar in red indicates where Alliance Entertainment Holding's Days Inventory falls into.

Alliance Entertainment Holding Days Inventory Calculation

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

Alliance Entertainment Holding'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
=	( (249.439	+	146.763)	/	2 )	/	1054.788	*	365
=	198.101					/	1054.788	*	365
=	68.55

Alliance Entertainment Holding'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
=	( (159.432	+	113.933)	/	2 )	/	377.883	*	365 / 4
=	136.6825					/	377.883	*	365 / 4
=	33.01

Alliance Entertainment Holding (NAS:AENT) 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.

Alliance Entertainment Holding's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	377.883	/	136.6825
	=	2.76

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.

Alliance Entertainment Holding's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	136.6825	/	425.586
	=	0.32

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.

Alliance Entertainment Holding Days Inventory Related Terms

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

Alliance Entertainment Holding (Alliance Entertainment Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Alliance Entertainment Holding Corp (NAS:AENT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

8201 Peters Road, Suite 1000, Plantation, FL, USA, 33324

Website

https://www.aent.com

Alliance Entertainment Holding Corp is a top tier distributor of music, movies, and consumer electronics. It offers more than 485,000 SKU products, consisting of vinyl records, compact discs, DVDs, Blu-rays, and video games. The company serves customers of every size, providing a suite of services to resellers and retailers around the world.