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SRM Entertainment (SRM Entertainment) Days Inventory : 29.50 (As of Dec. 2023)


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What is SRM Entertainment Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SRM Entertainment's Average Total Inventories for the three months ended in Dec. 2023 was $0.28 Mil. SRM Entertainment's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.86 Mil. Hence, SRM Entertainment's Days Inventory for the three months ended in Dec. 2023 was 29.50.

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

SRM' s Days Inventory Range Over the Past 10 Years
Min: 21.85   Med: 23.19   Max: 34.37
Current: 34.37

During the past 2 years, SRM Entertainment's highest Days Inventory was 34.37. The lowest was 21.85. And the median was 23.19.

SRM's Days Inventory is ranked better than
50.3% of 672 companies
in the Travel & Leisure industry
Industry Median: 34.995 vs SRM: 34.37

SRM Entertainment's Days Inventory declined from Dec. 2022 (40.77) to Dec. 2023 (29.50).

Inventory Turnover measures how fast the company turns over its inventory within a year. SRM Entertainment's Inventory Turnover for the three months ended in Dec. 2023 was 3.09.

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. SRM Entertainment's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.23.

SRM Entertainment Days Inventory Historical Data

The historical data trend for SRM Entertainment'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.

* Premium members only.

SRM Entertainment Days Inventory Chart

SRM Entertainment Annual Data
Trend Dec22 Dec23
Days Inventory
21.85 24.52

SRM Entertainment Quarterly Data
Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial 40.77 22.89 - 25.27 29.50

Competitive Comparison of SRM Entertainment's Days Inventory

For the Leisure subindustry, SRM Entertainment'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.

SRM Entertainment's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, SRM Entertainment's Days Inventory distribution charts can be found below:

* The bar in red indicates where SRM Entertainment's Days Inventory falls into.


SRM Entertainment Days Inventory Calculation

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

SRM Entertainment'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
=( (0.29 + 0.307) / 2 ) / 4.444*365
=0.2985 / 4.444*365
=24.52

SRM Entertainment'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
=( (0.249 + 0.307) / 2 ) / 0.86*365 / 4
=0.278 / 0.86*365 / 4
=29.50

* 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.

SRM Entertainment  (NAS:SRM) 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.

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

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0.86 / 0.278
=3.09

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.

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

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.278 / 1.204
=0.23

* 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.

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.

SRM Entertainment Days Inventory Related Terms

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

SRM Entertainment (SRM Entertainment) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SRM Entertainment Inc (NAS:SRM) » Definitions » Days Inventory
Comparable Companies
DSHK PRKA SPGC DOGZ FGH KENS NLS BWMG BTDG CNXA TSE:4661 HKSE:02020 TSE:7832 TSE:7309 HKSE:02331 MAT HAS PLNT TSE:7951 LSE:GAW
Traded in Other Exchanges
N/A
Address
1061 E Indiantown Road, Suite 110, Jupiter, FL, USA, 33477
Website
https://www.srmentertainment.com
SRM Entertainment Inc is a trusted toy and souvenir designer and developer, selling into the world's largest theme parks and entertainment venues. SRM has developed, manufactured, and supplied the entertainment and amusement park industry with exclusive products that are often only available to consumers inside SRM's worldwide customer bases venues such as Walt Disney Parks and Resorts, Universal Studios, SeaWorld, Six Flags, Great Wolf Lodge, Dollywood, and Merlin Entertainment.
Executives
Hans Haywood director 1061 E. INDIANTOWN ROAD, SUITE 110, JUPITER FL 33477
Brian John director, officer: Secretary 1500 GATEWAY BLVD, SUITE 220, BOYNTON BEACH FL 33426
Gary L Herman director 720 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10019
Douglas O Mckinnon officer: Chief Financial Officer 2104 RIDGE PLAZA DR, CASTLE ROCK CO 80108
Christopher Melton director C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017
Richard A Miller director, officer: Chief Executive Officer 1500 GATEWAY BLVD, SUITE 220, BOYNTON BEACH FL 33426
Jupiter Wellness, Inc. 10 percent owner 1061 E. INDIANTOWN RD., STE. 110, JUPITER FL 33477
Taft Bryan Flittner officer: President 1129 WILKINSON STREET, ORLANDO FL 32803
Deborah Lynn Mcdaniel-hand officer: VP of Production Development 1425 WAKULLA WAY, ORLANDO FL 32839