Hudaco Industries (JSE:HDC) Days Inventory : 166.15 (As of Nov. 2023)

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What is Hudaco Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hudaco Industries's Average Total Inventories for the six months ended in Nov. 2023 was R2,679 Mil. Hudaco Industries's Cost of Goods Sold for the six months ended in Nov. 2023 was R2,943 Mil. Hence, Hudaco Industries's Days Inventory for the six months ended in Nov. 2023 was 166.15.

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

JSE:HDC' s Days Inventory Range Over the Past 10 Years
Min: 138.27 Med: 149.28 Max: 164.83
Current: 164.83

During the past 13 years, Hudaco Industries's highest Days Inventory was 164.83. The lowest was 138.27. And the median was 149.28.

JSE:HDC's Days Inventory is ranked worse than
83.8% of 142 companies
in the Industrial Distribution industry
Industry Median: 87.29 vs JSE:HDC: 164.83

Hudaco Industries's Days Inventory increased from Nov. 2022 (153.43) to Nov. 2023 (166.15). It might indicate that Hudaco Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hudaco Industries's Inventory Turnover for the six months ended in Nov. 2023 was 1.10.

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. Hudaco Industries's Inventory-to-Revenue for the six months ended in Nov. 2023 was 0.58.

Hudaco Industries Days Inventory Historical Data

The historical data trend for Hudaco 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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Hudaco Industries Days Inventory Chart

Hudaco Industries Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Inventory

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151.62

148.48

143.84

154.20

161.83

Hudaco Industries Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Days Inventory	Get a 7-Day Free Trial															140.72	163.47	153.43	166.53	166.15

Competitive Comparison of Hudaco Industries's Days Inventory

For the Industrial Distribution subindustry, Hudaco 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.

Hudaco Industries's Days Inventory Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Hudaco Industries's Days Inventory distribution charts can be found below:

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

Hudaco Industries Days Inventory Calculation

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

Hudaco Industries's Days Inventory for the fiscal year that ended in Nov. 2023 is calculated as

	Days Inventory (A: Nov. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Nov. 2022 )	+	Total Inventories (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (2355.407	+	2693.35)	/	2 )	/	5693.784	*	365
=	2524.3785					/	5693.784	*	365
=	161.83

Hudaco Industries's Days Inventory for the quarter that ended in Nov. 2023 is calculated as:

	Days Inventory (Q: Nov. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: May. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (2665	+	2693.35)	/	2 )	/	2942.784	*	365 / 2
=	2679.175					/	2942.784	*	365 / 2
=	166.15

Hudaco Industries (JSE:HDC) 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.

Hudaco Industries's Inventory Turnover for the six months ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2942.784	/	2679.175
	=	1.10

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.

Hudaco Industries's Inventory to Revenue for the six months ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2679.175	/	4646.563
	=	0.58

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.

Hudaco Industries Days Inventory Related Terms

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

Hudaco Industries (JSE:HDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Hudaco Industries Ltd (JSE:HDC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Emerald Boulevard, Greenstone Hill, Building 9, 1st Floor, Greenstone Hill Office Park, Edenvale, GT, ZAF, 1609

Website

http://www.hudaco.co.za

Hudaco Industries Ltd is engaged in importing and distributing branded automotive, industrial and electrical consumable products. The company operates in two business segment such as Consumer-related product segment which includes power tools, security equipment, communication equipment, automotive and batteries, and Engineering consumables segment which consist of bearings, diesel engines and spares, and power transmission. It generates maximum revenue from Consumer-related product segment. Geographically, it derives a majority of revenue from South Africa.

Hudaco Industries (JSE:HDC) Headlines

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