Alta Equipment Group (Alta Equipment Group) Days Inventory : 154.13 (As of Mar. 2024)

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What is Alta Equipment Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Alta Equipment Group's Average Total Inventories for the three months ended in Mar. 2024 was $542.20 Mil. Alta Equipment Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $321.00 Mil. Hence, Alta Equipment Group's Days Inventory for the three months ended in Mar. 2024 was 154.13.

The historical rank and industry rank for Alta Equipment Group's Days Inventory or its related term are showing as below:

ALTGpA.PFD' s Days Inventory Range Over the Past 10 Years
Min: 95.11 Med: 112.59 Max: 133.51
Current: 133.51

During the past 7 years, Alta Equipment Group's highest Days Inventory was 133.51. The lowest was 95.11. And the median was 112.59.

ALTGpA.PFD's Days Inventory is ranked worse than
82.09% of 681 companies
in the Business Services industry
Industry Median: 29.67 vs ALTGpA.PFD: 133.51

Alta Equipment Group's Days Inventory increased from Mar. 2023 (132.39) to Mar. 2024 (154.13). It might indicate that Alta Equipment Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Alta Equipment Group's Inventory Turnover for the three months ended in Mar. 2024 was 0.59.

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. Alta Equipment Group's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.23.

Alta Equipment Group Days Inventory Historical Data

The historical data trend for Alta Equipment Group'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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Alta Equipment Group Days Inventory Chart

Alta Equipment Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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126.82

95.11

101.20

123.98

Alta Equipment Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															132.39	129.17	132.92	120.20	154.13

Competitive Comparison of Alta Equipment Group's Days Inventory

For the Rental & Leasing Services subindustry, Alta Equipment Group'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.

Alta Equipment Group's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Alta Equipment Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Alta Equipment Group's Days Inventory falls into.

Alta Equipment Group Days Inventory Calculation

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

Alta Equipment Group'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
=	( (399.7	+	530.7)	/	2 )	/	1369.6	*	365
=	465.2					/	1369.6	*	365
=	123.98

Alta Equipment Group's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (530.7	+	553.7)	/	2 )	/	321	*	365 / 4
=	542.2					/	321	*	365 / 4
=	154.13

Alta Equipment Group (NYSE:ALTGpA.PFD) 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.

Alta Equipment Group's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	321	/	542.2
	=	0.59

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.

Alta Equipment Group's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	542.2	/	441.6
	=	1.23

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.

Alta Equipment Group Days Inventory Related Terms

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Alta Equipment Group (Alta Equipment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Alta Equipment Group Inc (NYSE:ALTGpA.PFD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ALTG:USA

Address

13211 Merriman Road, Livonia, MI, USA, 48150

Website

https://www.altaequipment.com

Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling and Construction Equipment. The Material Handling segment is engaged in operations related to the sale, service, and rental of lift trucks in Michigan, Illinois, Indiana, New York, Virginia, and throughout the New England states whereas, the Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment in Michigan, Indiana, Illinois, Ohio, New York, Florida and throughout the New England States.