Echo Global Logistics (Echo Global Logistics) Days Inventory : 0.00 (As of Sep. 2021)

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What is Echo Global Logistics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Echo Global Logistics's Average Total Inventories for the three months ended in Sep. 2021 was $0 Mil. Echo Global Logistics's Cost of Goods Sold for the three months ended in Sep. 2021 was $855 Mil. Hence, Echo Global Logistics's Days Inventory for the three months ended in Sep. 2021 was 0.00.

The historical rank and industry rank for Echo Global Logistics's Days Inventory or its related term are showing as below:

ECHO's Days Inventory is not ranked ^*
in the Transportation industry.
Industry Median: 11.4
* Ranked among companies with meaningful Days Inventory only.

Echo Global Logistics's Days Inventory stayed the same from Sep. 2020 (0.00) to Sep. 2021 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Echo Global Logistics's Inventory-to-Revenue for the three months ended in Sep. 2021 was 0.00.

Echo Global Logistics Days Inventory Historical Data

The historical data trend for Echo Global Logistics'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.

Echo Global Logistics Days Inventory Chart

Echo Global Logistics Annual Data

Trend

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Dec20

Days Inventory

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Echo Global Logistics Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Echo Global Logistics's Days Inventory

For the Integrated Freight & Logistics subindustry, Echo Global Logistics'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.

Echo Global Logistics's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Echo Global Logistics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Echo Global Logistics's Days Inventory falls into.

Echo Global Logistics Days Inventory Calculation

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

Echo Global Logistics's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	2156.808	*	365
=	0					/	2156.808	*	365
=	0.00

Echo Global Logistics's Days Inventory for the quarter that ended in Sep. 2021 is calculated as:

	Days Inventory (Q: Sep. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	855.198	*	365 / 4
=	0					/	855.198	*	365 / 4
=	0.00

Echo Global Logistics (NAS:ECHO) 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.

Echo Global Logistics's Inventory Turnover for the three months ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	855.198	/	0
	=

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.

Echo Global Logistics's Inventory to Revenue for the three months ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	985.59
	=	0.00

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.

Echo Global Logistics Days Inventory Related Terms

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

Echo Global Logistics (Echo Global Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Echo Global Logistics Inc (NAS:ECHO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 West Chicago Avenue, Suite 725, Chicago, IL, USA, 60654

Website

https://www.echo.com

Founded in 2005, Echo Global Logistics is an asset-light third-party logistics provider primarily focused on domestic truckload and less-than-truckload brokerage. It also offers intermodal and international air and ocean freight forwarding services, though to a lesser degree. Key strategic initiatives include gaining organic market share in the highly fragmented brokerage industry and supplementing its sales capabilities through tuck-in acquisitions. Echo completed its initial public offering in October 2009.

Executives

Douglas R Waggoner	director, officer: Chief Executive Officer
Matthew Wagner Ferguson	director	C/O ECHO GLOBAL LOGISTICS, INC. 600 W CHICAGO AVE, SUITE 725 CHICAGO IL 60654
Samuel K Skinner	director	233 NORTH MICHIGAN AVENUE, 22ND FLOOR, CHICAGO IL 60601
David B Menzel	officer: Chief Financial Officer	C/O ECHO GLOBAL LOGISTICS, INC. 600 WEST CHICAGO AVENUE, SUITE 725 CHICAGO IL 60654
Douglas Hong	officer: Controller	600 WEST CHICAGO AVENUE SUITE 725 CHICAGO IL 60654
Peter Rogers	officer: Controller	C/O ECHO GLOBAL LOGISTICS 600 W. CHICAGO AVENUE, SUITE 725 CHICAGO IL 60654
Kyle Sauers	officer: Chief Financial Officer	C/O ECHO GLOBAL LOGISTICS, 600 W. CHICAGO AVENUE, SUITE 725, CHICAGO IL 60654
Virginia Henkels	director	SWIFT TRANSPORTATION COMPANY, 2200 SOUTH 75TH AVENUE, PHOENIX AZ 85043
Farrow William M Iii	director	C/O CBOE GLOBAL MARKETS, INC., 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Paul Loeb	director	600 W. CHICAGO AVENUE SUITE 725 CHICAGO IL 60654
Bradley A Keywell	director
Eric P Lefkofsky	director, 10 percent owner	501 SILVERSIDE ROAD SUITE 87F, WILMONGTON DE 19809
Evan Schumacher	officer: Chief Commercial Officer	C/O ECHO GLOBAL LOGISTICS 600 W. CHICAGO AVENUE, SUITE 725 CHICAGO IL 60654
Nelda J Connors	director	BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
John R Walter	director	401 NORTH AHWAHNEE RD, LAKE FOREST IL 60045