Element Fleet Management (Element Fleet Management) Days Inventory : 0.00 (As of Dec. 2023)

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What is Element Fleet Management Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Element Fleet Management's Average Total Inventories for the three months ended in Dec. 2023 was $0 Mil. Element Fleet Management's Cost of Goods Sold for the three months ended in Dec. 2023 was $342 Mil. Hence, Element Fleet Management's Days Inventory for the three months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for Element Fleet Management's Days Inventory or its related term are showing as below:

ELEEF's Days Inventory is not ranked ^*
in the Business Services industry.
Industry Median: 29.12
* Ranked among companies with meaningful Days Inventory only.

Element Fleet Management's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (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. Element Fleet Management's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Element Fleet Management Days Inventory Historical Data

The historical data trend for Element Fleet Management'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.

Element Fleet Management Days Inventory Chart

Element Fleet Management Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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Element Fleet Management 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															-	-	-	-	-

Competitive Comparison of Element Fleet Management's Days Inventory

For the Rental & Leasing Services subindustry, Element Fleet Management'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.

Element Fleet Management's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Element Fleet Management's Days Inventory distribution charts can be found below:

* The bar in red indicates where Element Fleet Management's Days Inventory falls into.

Element Fleet Management Days Inventory Calculation

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

Element Fleet Management'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	+	0)	/	1 )	/	1231.642	*	365
=	0					/	1231.642	*	365
=	0.00

Element Fleet Management'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	+	0)	/	1 )	/	341.519	*	365 / 4
=	0					/	341.519	*	365 / 4
=	0.00

Element Fleet Management (OTCPK:ELEEF) 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.

Element Fleet Management's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	341.519	/	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.

Element Fleet Management's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	517.287
	=	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.

Element Fleet Management Days Inventory Related Terms

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Element Fleet Management (Element Fleet Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Element Fleet Management Corp (OTCPK:ELEEF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

61F:Germany EFN.PR.E.PFD:Canada EFN.PR.C.PFD:Canada EFN:Canada

Address

161 Bay Street, Suite 3600, Toronto, ON, CAN, M5J 2S1

Website

https://www.elementfleet.com

Element Fleet Management Corp is a fleet management company, providing services and financings for commercial vehicle and equipment fleets. The company operates in U.S., Canada, Mexico, Australia, and New Zealand.