Strattec Security (FRA:SS8) Days Inventory : 60.70 (As of Mar. 2024)

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What is Strattec Security Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Strattec Security's Average Total Inventories for the three months ended in Mar. 2024 was €77.2 Mil. Strattec Security's Cost of Goods Sold for the three months ended in Mar. 2024 was €116.0 Mil. Hence, Strattec Security's Days Inventory for the three months ended in Mar. 2024 was 60.70.

The historical rank and industry rank for Strattec Security's Days Inventory or its related term are showing as below:

FRA:SS8' s Days Inventory Range Over the Past 10 Years
Min: 35.17 Med: 39.94 Max: 69.7
Current: 61.9

During the past 13 years, Strattec Security's highest Days Inventory was 69.70. The lowest was 35.17. And the median was 39.94.

FRA:SS8's Days Inventory is ranked better than
65.68% of 1256 companies
in the Vehicles & Parts industry
Industry Median: 81.39 vs FRA:SS8: 61.90

Strattec Security's Days Inventory increased from Mar. 2023 (53.81) to Mar. 2024 (60.70). It might indicate that Strattec Security's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Strattec Security's Inventory Turnover for the three months ended in Mar. 2024 was 1.50.

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. Strattec Security's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.60.

Strattec Security Days Inventory Historical Data

The historical data trend for Strattec Security'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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Strattec Security Days Inventory Chart

Strattec Security Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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39.28

52.95

57.92

65.70

64.81

Strattec Security 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															53.81	56.31	61.70	74.97	60.70

Competitive Comparison of Strattec Security's Days Inventory

For the Auto Parts subindustry, Strattec Security'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.

Strattec Security's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Strattec Security's Days Inventory distribution charts can be found below:

* The bar in red indicates where Strattec Security's Days Inventory falls into.

Strattec Security Days Inventory Calculation

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

Strattec Security'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
=	( (76.136	+	71.622)	/	2 )	/	416.083	*	365
=	73.879					/	416.083	*	365
=	64.81

Strattec Security'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
=	( (82.016	+	72.323)	/	2 )	/	116.002	*	365 / 4
=	77.1695					/	116.002	*	365 / 4
=	60.70

Strattec Security (FRA:SS8) 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.

Strattec Security's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	116.002	/	77.1695
	=	1.50

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.

Strattec Security's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	77.1695	/	129.511
	=	0.60

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.

Strattec Security Days Inventory Related Terms

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

Strattec Security (FRA:SS8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Strattec Security Corp (FRA:SS8) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

STRT:USA SS8:Germany

Address

3333 West Good Hope Road, Milwaukee, WI, USA, 53209

Website

https://www.strattec.com

Strattec Security Corp designs develops, manufactures and markets mechanical locks, electronically enhanced locks and keys. It also produces ignition lock housings; access control products, including latches, power sliding door systems, and door handles. Strattec ships products to customer locations in the United States, Canada, Mexico, Europe, South America, Korea and China, and provides full-service aftermarket support. Strattec also supplies products for the heavy truck and recreational vehicle markets, as well as precision, die castings.

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