Days Inventory is also known as Days Sales of Inventory (DSI). Enservco's Average Total Inventories for the
three
months ended in Dec. 2023 was $0.22 Mil. Enservco's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $6.21 Mil.
Hence, Enservco's Days Inventory for the
three
months ended in Dec. 2023 was 3.28.
The historical rank and industry rank for Enservco's Days Inventory or its related term are showing as below:
ENSV'
s Days Inventory Range Over the Past 10 Years
Min: 2.88 Med: 4.59 Max: 5.62
Current: 4.47
During the past 13 years, Enservco's highest Days Inventory was 5.62. The lowest was 2.88. And the median was 4.59.
ENSV's Days Inventory is ranked better than 89.86% of 730
companies
in the Oil & Gas industry
Industry Median: 31.555
vs ENSV: 4.47
Enservco's Days Inventory
declined
from Dec. 2022 (3.96) to Dec. 2023 (3.28).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Enservco's Inventory Turnover for the
three
months ended in Dec. 2023 was 27.83.
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.
Enservco's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.03.
Enservco Days Inventory Historical Data
The historical data trend for Enservco'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.
Competitive Comparison of Enservco's Days Inventory
For the Oil & Gas Equipment & Services subindustry, Enservco'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.
Enservco's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Enservco's Days Inventory distribution charts can be found below:
* The bar in red indicates where Enservco's Days Inventory falls into.
Enservco Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Enservco's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Enservco (AMEX:ENSV) 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.
Enservco's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Enservco's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
Enservco Days Inventory Related Terms
Thank you for viewing the detailed overview of Enservco's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Enservco Corp operates in the oil and gas industry. It offers well enhancement and fluid management services to the domestic onshore oil and natural gas industry. The services include frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services. The company's reportable business segments are Production Services and Completion and Other Services. It operates in geographically diverse regions of the United States.
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