Israel Shipyards Industries (XTAE:ISHI) Days Inventory : 38.83 (As of Dec. 2023)

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What is Israel Shipyards Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Israel Shipyards Industries's Average Total Inventories for the three months ended in Dec. 2023 was ₪135 Mil. Israel Shipyards Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪316 Mil. Hence, Israel Shipyards Industries's Days Inventory for the three months ended in Dec. 2023 was 38.83.

The historical rank and industry rank for Israel Shipyards Industries's Days Inventory or its related term are showing as below:

XTAE:ISHI' s Days Inventory Range Over the Past 10 Years
Min: 37.33 Med: 52.42 Max: 65.54
Current: 37.33

During the past 7 years, Israel Shipyards Industries's highest Days Inventory was 65.54. The lowest was 37.33. And the median was 52.42.

XTAE:ISHI's Days Inventory is ranked better than
87.85% of 288 companies
in the Aerospace & Defense industry
Industry Median: 147.49 vs XTAE:ISHI: 37.33

Israel Shipyards Industries's Days Inventory increased from Dec. 2022 (38.08) to Dec. 2023 (38.83). It might indicate that Israel Shipyards Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Israel Shipyards Industries's Inventory Turnover for the three months ended in Dec. 2023 was 2.35.

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. Israel Shipyards Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.38.

Israel Shipyards Industries Days Inventory Historical Data

The historical data trend for Israel Shipyards Industries'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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Israel Shipyards Industries Days Inventory Chart

Israel Shipyards Industries Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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62.12

50.06

54.77

42.98

37.37

Israel Shipyards Industries 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															38.08	36.37	37.88	36.36	38.83

Competitive Comparison of Israel Shipyards Industries's Days Inventory

For the Aerospace & Defense subindustry, Israel Shipyards Industries'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.

Israel Shipyards Industries's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Israel Shipyards Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Israel Shipyards Industries's Days Inventory falls into.

Israel Shipyards Industries Days Inventory Calculation

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

Israel Shipyards Industries's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (139.248	+	127.949)	/	2 )	/	1304.759	*	365
=	133.5985					/	1304.759	*	365
=	37.37

Israel Shipyards Industries'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
=	( (141.187	+	127.949)	/	2 )	/	316.237	*	365 / 4
=	134.568					/	316.237	*	365 / 4
=	38.83

Israel Shipyards Industries (XTAE:ISHI) 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.

Israel Shipyards Industries's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	316.237	/	134.568
	=	2.35

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.

Israel Shipyards Industries's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	134.568	/	357.648
	=	0.38

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.

Israel Shipyards Industries Days Inventory Related Terms

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

Israel Shipyards Industries (XTAE:ISHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Israel Shipyards Industries Ltd (XTAE:ISHI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Haifa Bay, P.O.B. 10630, Haifa, ISR, 2611702

Website

https://www.israel-shipyards.com

Israel Shipyards Industries Ltd is a ship building company. The company designs, renovates, and repairs ships and vessels. The product portfolio includes Fast-Attack Vessel, Patrol Vessel, Fast Patrol Craft, Merchant ships, Floating docks, Tugs, Service boats, and other products. Also, the company manufactures Pressure Vessels, Panamax Container Cranes, and Industrial Large Pressure Vessels.