Auto Parts 4Less Group (Auto Parts 4Less Group) Days Inventory : 76.84 (As of Oct. 2023)

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What is Auto Parts 4Less Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Auto Parts 4Less Group's Average Total Inventories for the three months ended in Oct. 2023 was $0.03 Mil. Auto Parts 4Less Group's Cost of Goods Sold for the three months ended in Oct. 2023 was $0.04 Mil. Hence, Auto Parts 4Less Group's Days Inventory for the three months ended in Oct. 2023 was 76.84.

The historical rank and industry rank for Auto Parts 4Less Group's Days Inventory or its related term are showing as below:

FLES' s Days Inventory Range Over the Past 10 Years
Min: 14.57 Med: 18.9 Max: 93.11
Current: 93.11

During the past 13 years, Auto Parts 4Less Group's highest Days Inventory was 93.11. The lowest was 14.57. And the median was 18.90.

FLES's Days Inventory is ranked worse than
59.57% of 1254 companies
in the Vehicles & Parts industry
Industry Median: 80.76 vs FLES: 93.11

Auto Parts 4Less Group's Days Inventory increased from Oct. 2022 (23.27) to Oct. 2023 (76.84). It might indicate that Auto Parts 4Less Group's sales slowed down.

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. Auto Parts 4Less Group's Inventory Turnover for the three months ended in Oct. 2023 was 1.19.

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. Auto Parts 4Less Group's Inventory-to-Revenue for the three months ended in Oct. 2023 was 0.22.

Auto Parts 4Less Group Days Inventory Historical Data

The historical data trend for Auto Parts 4Less 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.

* Premium members only.

Auto Parts 4Less Group Days Inventory Chart

Auto Parts 4Less Group Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Days Inventory

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17.49

19.34

18.90

14.57

25.45

Auto Parts 4Less Group Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Days Inventory	Get a 7-Day Free Trial															23.27	52.77	333.41	182.50	76.84

Competitive Comparison of Auto Parts 4Less Group's Days Inventory

For the Auto Parts subindustry, Auto Parts 4Less 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.

Auto Parts 4Less Group's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Auto Parts 4Less Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Auto Parts 4Less Group's Days Inventory falls into.

Auto Parts 4Less Group Days Inventory Calculation

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

Auto Parts 4Less Group's Days Inventory for the fiscal year that ended in Jan. 2023 is calculated as

	Days Inventory (A: Jan. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jan. 2022 )	+	Total Inventories (A: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2023 )	*	Days in Period
=	( (0.433	+	0.05)	/	2 )	/	3.463	*	365
=	0.2415					/	3.463	*	365
=	25.45

Auto Parts 4Less Group's Days Inventory for the quarter that ended in Oct. 2023 is calculated as:

	Days Inventory (Q: Oct. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (0.031	+	0.033)	/	2 )	/	0.038	*	365 / 4
=	0.032					/	0.038	*	365 / 4
=	76.84

Auto Parts 4Less Group (OTCPK:FLES) 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.

Auto Parts 4Less Group's Inventory Turnover for the three months ended in Oct. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.038	/	0.032
	=	1.19

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.

Auto Parts 4Less Group's Inventory to Revenue for the three months ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.032	/	0.144
	=	0.22

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.

Auto Parts 4Less Group Days Inventory Related Terms

Thank you for viewing the detailed overview of Auto Parts 4Less Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Auto Parts 4Less Group (Auto Parts 4Less Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Auto Parts 4Less Group Inc (OTCPK:FLES) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

106 W. Mayflower, Las Vegas, NV, USA, 89030

Website

https://www.liftkits4less.com

Auto Parts 4Less Group Inc is an e-commerce auto parts sales company. It offers parts and accessories that are manufactured, sold, and distributed for cars, light trucks, and other passenger vehicles motorcycles, all-terrain vehicles, utility terrain vehicles, boats, and others.

Executives

Christopher Dean Davenport

10 percent owner

106 W MAYFLOWER AVENUE, N. LAS VEGAS NV 89030