Armor Designs (LSE:ADID) Days Inventory : 112.20 (As of Dec. 2013)

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What is Armor Designs Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Armor Designs's Average Total Inventories for the six months ended in Dec. 2013 was £0.32 Mil. Armor Designs's Cost of Goods Sold for the six months ended in Dec. 2013 was £1.03 Mil. Hence, Armor Designs's Days Inventory for the six months ended in Dec. 2013 was 56.10.

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

LSE:ADID' s Days Inventory Range Over the Past 10 Years
Min: 23.43 Med: 37.45 Max: 113.95
Current: 113.95

During the past 9 years, Armor Designs's highest Days Inventory was 113.95. The lowest was 23.43. And the median was 37.45.

LSE:ADID's Days Inventory is not ranked
in the Aerospace & Defense industry.
Industry Median: 147.49 vs LSE:ADID: 113.95

Armor Designs's Days Inventory increased from Dec. 2011 (27.88) to Dec. 2013 (112.20). It might indicate that Armor Designs'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. Armor Designs's Inventory Turnover for the six months ended in Dec. 2013 was 3.25.

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. Armor Designs's Inventory-to-Revenue for the six months ended in Dec. 2013 was 5.36.

Armor Designs Days Inventory Historical Data

The historical data trend for Armor Designs'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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Armor Designs Days Inventory Chart

Armor Designs Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Days Inventory

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39.16

24.06

27.88

36.44

112.20

Armor Designs Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Days Inventory	Get a 7-Day Free Trial				39.16	24.06	27.88	36.44	112.20

Competitive Comparison of Armor Designs's Days Inventory

For the Aerospace & Defense subindustry, Armor Designs'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.

Armor Designs's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Armor Designs's Days Inventory distribution charts can be found below:

* The bar in red indicates where Armor Designs's Days Inventory falls into.

Armor Designs Days Inventory Calculation

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

Armor Designs's Days Inventory for the fiscal year that ended in Dec. 2013 is calculated as

	Days Inventory (A: Dec. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2013 )	*	Days in Period
=	( (0.342	+	0.29)	/	2 )	/	1.028	*	365
=	0.316					/	1.028	*	365
=	112.20

Armor Designs's Days Inventory for the quarter that ended in Dec. 2013 is calculated as:

	Days Inventory (Q: Dec. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2012 )	+	Total Inventories (Q: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
=	( (0.342	+	0.29)	/	2 )	/	1.028	*	365 / 2
=	0.316					/	1.028	*	365 / 2
=	56.10

Armor Designs (LSE:ADID) 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.

Armor Designs's Inventory Turnover for the six months ended in Dec. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.028	/	0.316
	=	3.25

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.

Armor Designs's Inventory to Revenue for the six months ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.316	/	0.059
	=	5.36

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.

Armor Designs Days Inventory Related Terms

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

Armor Designs (LSE:ADID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Armor Designs Inc (LSE:ADID) » Definitions » Days Inventory

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Address

Website

Armor Designs Inc was incorporated in Delaware on March 30, 2006. The Company is a designer, integrator and manufacturer of body and vehicular armor solutions for military, government and commercial sectors on a global basis. Its focus is primarily on introducing next generation armor based on patented Volumetrically Controlled Manufacturing (VCM) technology.

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