Driver Group (LSE:DRV) Days Inventory : 0.00 (As of Sep. 2023)

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What is Driver Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Driver Group's Average Total Inventories for the six months ended in Sep. 2023 was £0.00 Mil. Driver Group's Cost of Goods Sold for the six months ended in Sep. 2023 was £13.98 Mil. Hence, Driver Group's Days Inventory for the six months ended in Sep. 2023 was 0.00.

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

LSE:DRV's Days Inventory is not ranked ^*
in the Business Services industry.
Industry Median: 29.67
* Ranked among companies with meaningful Days Inventory only.

Driver Group's Days Inventory stayed the same from Sep. 2022 (0.00) to Sep. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Driver Group's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.00.

Driver Group Days Inventory Historical Data

The historical data trend for Driver 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.

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Driver Group Days Inventory Chart

Driver Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

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Driver Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Driver Group's Days Inventory

For the Consulting Services subindustry, Driver 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.

Driver Group's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Driver Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Driver Group's Days Inventory falls into.

Driver Group Days Inventory Calculation

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

Driver Group's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	31.855	*	365
=	0					/	31.855	*	365
=	0.00

Driver Group's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	13.976	*	365 / 2
=	0					/	13.976	*	365 / 2
=	0.00

Driver Group (LSE:DRV) 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.

Driver Group's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13.976	/	0
	=

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.

Driver Group's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	18.414
	=	0.00

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.

Driver Group Days Inventory Related Terms

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Driver Group (LSE:DRV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Driver Group PLC (LSE:DRV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 Old Broad Street, Suite 706-708, Floor 7, London, GBR, EC2N 1AR

Website

https://www.driver-group.com

Driver Group PLC provides consultancy services to the engineering and construction industries. The business activity of the group is primarily operated through divisions such as Europe and the Americas; Asia Pacific; Middle East. Geographically, it derives a majority of its revenue from the United Kingdom and can be seen across the region of Oman, France, Qatar, Germany, Kuwait, China, the US, Canada, and others. It offers quantity surveying, quantum and planning experts, litigation support, contract administration, and commercial advice/management services; and capital investment consultancy services, including development, project, and contracting management services.