Strip Tinning Holdings (LSE:STG) Days Inventory : 75.66 (As of Dec. 2023)

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What is Strip Tinning Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Strip Tinning Holdings's Average Total Inventories for the six months ended in Dec. 2023 was £1.40 Mil. Strip Tinning Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was £3.38 Mil. Hence, Strip Tinning Holdings's Days Inventory for the six months ended in Dec. 2023 was 75.66.

The historical rank and industry rank for Strip Tinning Holdings's Days Inventory or its related term are showing as below:

LSE:STG' s Days Inventory Range Over the Past 10 Years
Min: 67.33 Med: 78.96 Max: 101.64
Current: 75.31

During the past 7 years, Strip Tinning Holdings's highest Days Inventory was 101.64. The lowest was 67.33. And the median was 78.96.

LSE:STG's Days Inventory is ranked better than
54.53% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 81.39 vs LSE:STG: 75.31

Strip Tinning Holdings's Days Inventory increased from Dec. 2022 (69.54) to Dec. 2023 (75.66). It might indicate that Strip Tinning Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Strip Tinning Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 2.41.

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. Strip Tinning Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.27.

Strip Tinning Holdings Days Inventory Historical Data

The historical data trend for Strip Tinning Holdings'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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Strip Tinning Holdings Days Inventory Chart

Strip Tinning Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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81.80

101.64

81.98

72.43

76.11

Strip Tinning Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial					84.96	92.60	69.54	74.30	75.66

Competitive Comparison of Strip Tinning Holdings's Days Inventory

For the Auto Parts subindustry, Strip Tinning Holdings'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.

Strip Tinning Holdings's Days Inventory Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Strip Tinning Holdings's Days Inventory falls into.

Strip Tinning Holdings Days Inventory Calculation

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

Strip Tinning Holdings's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1.848	+	1.287)	/	2 )	/	7.517	*	365
=	1.5675					/	7.517	*	365
=	76.11

Strip Tinning Holdings'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.518	+	1.287)	/	2 )	/	3.383	*	365 / 2
=	1.4025					/	3.383	*	365 / 2
=	75.66

Strip Tinning Holdings (LSE:STG) 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.

Strip Tinning Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.383	/	1.4025
	=	2.41

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.

Strip Tinning Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.4025	/	5.18
	=	0.27

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.

Strip Tinning Holdings Days Inventory Related Terms

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

Strip Tinning Holdings (LSE:STG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Strip Tinning Holdings PLC (LSE:STG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Arden Road, Arden Business Park, Frankley, Birmingham, West Midlands, GBR, B45 0JA

Website

https://www.striptinning.com

Strip Tinning Holdings PLC manufactures specialist flexible electrical connectors related primarily to heating and antennae systems embedded within automotive glazing and to the connection of the cells within electric vehicle battery packs, increasingly using flexible and lightweight printed circuit technology that also has growing applications elsewhere within vehicles. The group consists of two business lines: Glazing and EV.