Plaintree Systems (Plaintree Systems) Days Inventory : 121.53 (As of Dec. 2023)

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What is Plaintree Systems Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Plaintree Systems's Average Total Inventories for the three months ended in Dec. 2023 was $3.34 Mil. Plaintree Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.51 Mil. Hence, Plaintree Systems's Days Inventory for the three months ended in Dec. 2023 was 121.53.

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

PTEEF' s Days Inventory Range Over the Past 10 Years
Min: 27.76 Med: 62.84 Max: 90.92
Current: 90.92

During the past 13 years, Plaintree Systems's highest Days Inventory was 90.92. The lowest was 27.76. And the median was 62.84.

PTEEF's Days Inventory is ranked worse than
58.13% of 449 companies
in the Conglomerates industry
Industry Median: 71.86 vs PTEEF: 90.92

Plaintree Systems's Days Inventory increased from Dec. 2022 (103.65) to Dec. 2023 (121.53). It might indicate that Plaintree Systems's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Plaintree Systems's Inventory Turnover for the three months ended in Dec. 2023 was 0.75.

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. Plaintree Systems's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.92.

Plaintree Systems Days Inventory Historical Data

The historical data trend for Plaintree Systems'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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Plaintree Systems Days Inventory Chart

Plaintree Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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33.35

38.11

65.99

70.88

84.89

Plaintree Systems 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															103.65	84.22	63.43	105.66	121.53

Competitive Comparison of Plaintree Systems's Days Inventory

For the Conglomerates subindustry, Plaintree Systems'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.

Plaintree Systems's Days Inventory Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Plaintree Systems's Days Inventory distribution charts can be found below:

* The bar in red indicates where Plaintree Systems's Days Inventory falls into.

Plaintree Systems Days Inventory Calculation

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

Plaintree Systems's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (2.444	+	2.928)	/	2 )	/	11.549	*	365
=	2.686					/	11.549	*	365
=	84.89

Plaintree Systems'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
=	( (3.34	+	3.335)	/	2 )	/	2.506	*	365 / 4
=	3.3375					/	2.506	*	365 / 4
=	121.53

Plaintree Systems (OTCPK:PTEEF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.506	/	3.3375
	=	0.75

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.3375	/	3.62
	=	0.92

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.

Plaintree Systems Days Inventory Related Terms

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

Plaintree Systems (Plaintree Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Plaintree Systems Inc (OTCPK:PTEEF) » Definitions » Days Inventory

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Traded in Other Exchanges

NPT:Canada

Address

10 Didak Drive, Arnprior, ON, CAN, K7S 0C3

Website

http://www.plaintree.com

Plaintree Systems Inc. is a diversified company with proprietary technology and manufacturing capabilities in structural design, aerospace, and telecommunications. The company's operating segment includes Electronics and Specialty Structures. It generates maximum revenue from the Specialty Structures segment. Geographically, it derives a majority of revenue from the United States.