GlyEco (GlyEco) Days Inventory : 11.18 (As of Mar. 2019)

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What is GlyEco Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). GlyEco's Average Total Inventories for the three months ended in Mar. 2019 was $0.23 Mil. GlyEco's Cost of Goods Sold for the three months ended in Mar. 2019 was $1.87 Mil. Hence, GlyEco's Days Inventory for the three months ended in Mar. 2019 was 11.18.

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

GLYE's Days Inventory is not ranked ^*
in the Chemicals industry.
Industry Median: 83.19
* Ranked among companies with meaningful Days Inventory only.

GlyEco's Days Inventory declined from Mar. 2018 (47.41) to Mar. 2019 (11.18).

Inventory Turnover measures how fast the company turns over its inventory within a year. GlyEco's Inventory Turnover for the three months ended in Mar. 2019 was 8.16.

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. GlyEco's Inventory-to-Revenue for the three months ended in Mar. 2019 was 0.13.

GlyEco Days Inventory Historical Data

The historical data trend for GlyEco'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.

GlyEco Days Inventory Chart

GlyEco Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Inventory

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23.20

21.21

35.44

33.93

17.96

GlyEco Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Days Inventory	Get a 7-Day Free Trial															47.41	17.53	18.28	-	11.18

Competitive Comparison of GlyEco's Days Inventory

For the Specialty Chemicals subindustry, GlyEco'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.

GlyEco's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, GlyEco's Days Inventory distribution charts can be found below:

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

GlyEco Days Inventory Calculation

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

GlyEco's Days Inventory for the fiscal year that ended in Dec. 2018 is calculated as

	Days Inventory (A: Dec. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (0.27	+	0.239)	/	2 )	/	5.172	*	365
=	0.2545					/	5.172	*	365
=	17.96

GlyEco's Days Inventory for the quarter that ended in Mar. 2019 is calculated as:

	Days Inventory (Q: Mar. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2018 )	+	Total Inventories (Q: Mar. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2019 )	*	Days in Period
=	( (0.239	+	0.218)	/	2 )	/	1.865	*	365 / 4
=	0.2285					/	1.865	*	365 / 4
=	11.18

GlyEco (OTCPK:GLYE) 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.

GlyEco's Inventory Turnover for the three months ended in Mar. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.865	/	0.2285
	=	8.16

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.

GlyEco's Inventory to Revenue for the three months ended in Mar. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2285	/	1.729
	=	0.13

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.

GlyEco Days Inventory Related Terms

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

GlyEco (GlyEco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » GlyEco Inc (OTCPK:GLYE) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

P.O. Box 387, Institute, WV, USA, 25112

Website

http://www.glyeco.com

GlyEco Inc is an American specialty chemical company engaged in collecting and recycling waste glycol into a reusable product. The company operates through two segments: Consumer and Industrial. Through its Consumer segment, it processes waste glycol into high-quality recycled glycol products such as automotive antifreeze, and related specialty blended antifreeze across several processing and distribution centers in the US. Industrial's principal business activity consists of two divisions which involve in manufacturing and marketing additive packages for the antifreeze/coolant, gas patch coolants and heat transfer industries and RS&T, which operates a 14-20 million gallon per year, ASTM E1177 EG-1, glycol re-distillation plant processing waste glycol into good quality recycled glycol.

Executives

Wynnefield Partners Small Cap Value Lp	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Nelson Obus	10 percent owner
Wynnefield Capital Management Llc	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Partners Small Cap Value Lp I	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Joshua Landes	10 percent owner
Wynnefield Capital, Inc. Profit Sharing Plan	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Wynnefield Capital Inc	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Small Cap Value Offshore Fund Ltd	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Dwight Mamanteo	director	C/O GERSTEN SAVAGE LLP 600 LEXINGTON AVE., 9TH FLOOR NEW YORK NY 10022
Melvin L Keating	director	18 DRIFTWOOD DRIVE, LIVINGSTON NJ 07039
Kevin J Conner	officer: Chief Financial Officer	110 SOUTH STATE STREET, SUITE 200, NEWTOWN PA 18940