Aluula Composites (TSXV:AUUA) Days Inventory : 124.30 (As of Oct. 2023)

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What is Aluula Composites Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Aluula Composites's Average Total Inventories for the six months ended in Oct. 2023 was C$1.86 Mil. Aluula Composites's Cost of Goods Sold for the six months ended in Oct. 2023 was C$5.47 Mil. Hence, Aluula Composites's Days Inventory for the six months ended in Oct. 2023 was 62.15.

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

TSXV:AUUA' s Days Inventory Range Over the Past 10 Years
Min: 124.3 Med: 139.24 Max: 281.33
Current: 124.3

During the past 3 years, Aluula Composites's highest Days Inventory was 281.33. The lowest was 124.30. And the median was 139.24.

TSXV:AUUA's Days Inventory is ranked better than
52.08% of 1008 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.78 vs TSXV:AUUA: 124.30

Aluula Composites's Days Inventory declined from Oct. 2021 (139.24) to Oct. 2023 (124.30).

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. Aluula Composites's Inventory Turnover for the six months ended in Oct. 2023 was 2.94.

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. Aluula Composites's Inventory-to-Revenue for the six months ended in Oct. 2023 was 0.25.

Aluula Composites Days Inventory Historical Data

The historical data trend for Aluula Composites'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.

Aluula Composites Days Inventory Chart

Aluula Composites Annual Data

Trend

Oct21

Oct22

Oct23

Days Inventory

139.24

281.33

124.30

Aluula Composites Semi-Annual Data
	Oct21	Oct22	Oct23
Days Inventory	139.24	281.33	124.30

Competitive Comparison of Aluula Composites's Days Inventory

For the Textile Manufacturing subindustry, Aluula Composites'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.

Aluula Composites's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Aluula Composites's Days Inventory distribution charts can be found below:

* The bar in red indicates where Aluula Composites's Days Inventory falls into.

Aluula Composites Days Inventory Calculation

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

Aluula Composites's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as

	Days Inventory (A: Oct. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (2.167	+	1.56)	/	2 )	/	5.472	*	365
=	1.8635					/	5.472	*	365
=	124.30

Aluula Composites's Days Inventory for the quarter that ended in Oct. 2023 is calculated as:

	Days Inventory (Q: Oct. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2022 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (2.167	+	1.56)	/	2 )	/	5.472	*	365 / 2
=	1.8635					/	5.472	*	365 / 2
=	62.15

Aluula Composites (TSXV:AUUA) 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.

Aluula Composites's Inventory Turnover for the six months ended in Oct. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.472	/	1.8635
	=	2.94

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.

Aluula Composites's Inventory to Revenue for the six months ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.8635	/	7.347
	=	0.25

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.

Aluula Composites Days Inventory Related Terms

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

Aluula Composites (TSXV:AUUA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Aluula Composites Inc (TSXV:AUUA) » Definitions » Days Inventory

Traded in Other Exchanges

AUUAF:USA

Address

4240 Glanford Avenue, Suite 300, Victoria, BC, CAN, V8Z 4B8

Website

https://www.aluula.com

Aluula Composites Inc is a manufacturer of composite materials. It specializes in the production of lightweight and high performance composite materials for various applications, including the wind sports, outdoor, sailing, and aerospace markets. The company utilizes advanced manufacturing technologies, such as 3D printing, to produce its composite materials and components.

Aluula Composites (TSXV:AUUA) Headlines

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