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Days Inventory is also known as Days Sales of Inventory (DSI). Gates Industrial's Average Total Inventories for the three months ended in Dec. 2023 was $647 Mil. Gates Industrial's Cost of Goods Sold for the three months ended in Dec. 2023 was $526 Mil. Hence, Gates Industrial's Days Inventory for the three months ended in Dec. 2023 was 112.27.
The historical rank and industry rank for Gates Industrial's Days Inventory or its related term are showing as below:
During the past 10 years, Gates Industrial's highest Days Inventory was 107.57. The lowest was 82.46. And the median was 95.04.
Gates Industrial's Days Inventory increased from Dec. 2022 (105.03) to Dec. 2023 (112.27). It might indicate that Gates Industrial's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. Gates Industrial's Inventory Turnover for the three months ended in Dec. 2023 was 0.81.
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. Gates Industrial's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.75.
The historical data trend for Gates Industrial'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.
For the Specialty Industrial Machinery subindustry, Gates Industrial'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 Industrial Products industry and Industrials sector, Gates Industrial's Days Inventory distribution charts can be found below:
* The bar in red indicates where Gates Industrial's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Gates Industrial'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 |
= | ( (656.2 | + | 647.2) | / | 2 ) | / | 2211.3 | * | 365 |
= | 651.7 | / | 2211.3 | * | 365 | ||||
= | 107.57 |
Gates Industrial'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 |
= | ( (646.1 | + | 647.2) | / | 2 ) | / | 525.6 | * | 365 / 4 |
= | 646.65 | / | 525.6 | * | 365 / 4 | ||||
= | 112.27 |
* 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.
Gates Industrial (NYSE:GTES) 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.
Gates Industrial's Inventory Turnover for the three months ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 525.6 | / | 646.65 | |
= | 0.81 |
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.
Gates Industrial's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 646.65 | / | 863.3 | |
= | 0.75 |
* 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.
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 Gates Industrial's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Omaha Aggregator (cayman) L.p. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE, NEW YORK NY 10154 |
Bx Gates Ml-1 Holdco Llc | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Blackstone Inc. | 10 percent owner | 345 PARK AVENUE, NEW YORK NY 10154 |
Gwendolyn Ann Montgomery | officer: SVP, Global Human Resources | 33587 WALKER RD, AVON LAKE OH 44012 |
Fredrik J Eliasson | director | 500 WATER STREET, JACKSONVILLE FL 32202 |
Seth Meisel | director | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Wilson S Neely | director | C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202 |
Bx Gates Ml-5 Holdco Llc | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Bx Gates Ml-4 Holdco Llc | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Bx Gates Ml-3 Holdco Llc | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Bx Gates Ml-2 Holdco Llc | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Alicia L. Tillman | director | C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202 |
Thomas G. Pitstick | officer: CMO & SVP Strategic Planning | C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202 |
Peifang Zhang | director | 21640 E. BRIARWOOD DR., AURORA CO 80016 |
James W Ireland | director | C/O GATES INTERNATIONAL CORPORATION PLC, 1144 15TH STREET, SUITE 1400, DENVER CO 80202 |
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