Kimball Electronics (Kimball Electronics) Days Inventory : 110.64 (As of Dec. 2023)

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What is Kimball Electronics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kimball Electronics's Average Total Inventories for the three months ended in Dec. 2023 was $469 Mil. Kimball Electronics's Cost of Goods Sold for the three months ended in Dec. 2023 was $387 Mil. Hence, Kimball Electronics's Days Inventory for the three months ended in Dec. 2023 was 110.64.

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

KE' s Days Inventory Range Over the Past 10 Years
Min: 58.45 Med: 64.65 Max: 102.87
Current: 102.87

During the past 13 years, Kimball Electronics's highest Days Inventory was 102.87. The lowest was 58.45. And the median was 64.65.

KE's Days Inventory is ranked better than
59.28% of 2905 companies
in the Industrial Products industry
Industry Median: 120.1 vs KE: 102.87

Kimball Electronics's Days Inventory increased from Dec. 2022 (106.22) to Dec. 2023 (110.64). It might indicate that Kimball Electronics's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kimball Electronics's Inventory Turnover for the three months ended in Dec. 2023 was 0.82.

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. Kimball Electronics's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.11.

Kimball Electronics Days Inventory Historical Data

The historical data trend for Kimball Electronics'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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Kimball Electronics Days Inventory Chart

Kimball Electronics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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67.67

69.11

65.21

87.37

92.60

Kimball Electronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															106.22	100.78	95.91	105.70	110.64

Competitive Comparison of Kimball Electronics's Days Inventory

For the Electrical Equipment & Parts subindustry, Kimball Electronics'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.

Kimball Electronics's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kimball Electronics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kimball Electronics's Days Inventory falls into.

Kimball Electronics Days Inventory Calculation

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

Kimball Electronics'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
=	( (395.63	+	450.319)	/	2 )	/	1667.264	*	365
=	422.9745					/	1667.264	*	365
=	92.60

Kimball Electronics'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
=	( (482.229	+	455.736)	/	2 )	/	386.802	*	365 / 4
=	468.9825					/	386.802	*	365 / 4
=	110.64

Kimball Electronics (NAS:KE) 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.

Kimball Electronics's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	386.802	/	468.9825
	=	0.82

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.

Kimball Electronics's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	468.9825	/	421.235
	=	1.11

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.

Kimball Electronics Days Inventory Related Terms

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

Kimball Electronics (Kimball Electronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kimball Electronics Inc (NAS:KE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

3C3:Germany

Address

1205 Kimball Boulevard, Jasper, IN, USA, 47546

Website

https://www.kimballelectronics.com

Kimball Electronics Inc is a contract electronic manufacturing services company. The company is engaged in producing durable electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain services utilize common production and support capabilities. It is also engaged in producing safety-critical electronic assemblies for its automotive customers. Geographically, it derives a majority of revenue from the United States.

Executives

Richard D Phillips	officer: CEO	1205 KIMBALL BLVD., JASPER IN 47546
Tom George Vadaketh	director	1727 JOCKEYS WAY, YARDLEY PA 19067
Isabel S Wells	officer: CIO	1205 KIMBALL BLVD., JASPER IN 47546
Douglas Hass	officer: CL&CO, Secretary	1205 KIMBALL BLVD., JASPER IN 47546
John H Kahle	officer: VICE PRESIDENT	1205 KIMBALL BLVD., JASPER IN 47546
Adam M Baumann	officer: Corporate Controller	1205 KIMBALL BLVD., JASPER IN 47546
Jana T Croom	officer: Vice President, Finance	1205 KIMBALL BLVD., JASPER IN 47546
Leroy W Kemper	officer: Vice President	1205 KIMBALL BLVD, JASPER IN 47546
Michele Holcomb	director	7000 CARDINAL PLACE, DUBLIN OH 43017
Deursen Holly Van	director	21211 NORDHOFF STREET, CHATSWORTH CA 91311
Robert J Phillippy	director
Kathy R Thomson	officer: Vice President	1205 KIMBALL BLVD, JASPER IN 47546
Desiree L. Castillejos	officer: Vice President	1205 KIMBALL BLVD, JASPER IN 47546
Jessica L Delorenzo	officer: Vice President	1205 KIMBALL BLVD, JASPER IN 47546
Repplier Colleen C	director	1205 KIMBALL BLVD., JASPER IN 47546