Tan Delta Systems (FRA:TB4) Days Inventory : 0.00 (As of Dec. 2023)

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What is Tan Delta Systems Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tan Delta Systems's Average Total Inventories for the three months ended in Dec. 2023 was €0.35 Mil. Tan Delta Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was €0.00 Mil.

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

FRA:TB4' s Days Inventory Range Over the Past 10 Years
Min: 14.86 Med: 61.03 Max: 187.78
Current: 142.11

During the past 4 years, Tan Delta Systems's highest Days Inventory was 187.78. The lowest was 14.86. And the median was 61.03.

FRA:TB4's Days Inventory is ranked worse than
88.93% of 732 companies
in the Oil & Gas industry
Industry Median: 31.72 vs FRA:TB4: 142.11

Tan Delta Systems's Days Inventory stayed the same from Dec. 2021 (0.00) to Dec. 2023 (0.00).

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. Tan Delta Systems's Inventory Turnover for the three months ended in Dec. 2023 was 0.00.

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.

Tan Delta Systems Days Inventory Historical Data

The historical data trend for Tan Delta Systems'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.

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Tan Delta Systems Days Inventory Chart

Tan Delta Systems Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

15.14

33.11

88.63

187.32

Tan Delta Systems Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			-	21.93	60.40	60.57	-

Competitive Comparison of Tan Delta Systems's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Tan Delta Systems'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.

Tan Delta Systems's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tan Delta Systems's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tan Delta Systems's Days Inventory falls into.

Tan Delta Systems Days Inventory Calculation

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

Tan Delta Systems'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
=	( (0.276	+	0.424)	/	2 )	/	0.682	*	365
=	0.35					/	0.682	*	365
=	187.32

Tan Delta Systems'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.267	+	0.424)	/	2 )	/	0	*	365 / 4
=	0.3455					/	0	*	365 / 4
=	N/A

Tan Delta Systems (FRA:TB4) 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.

Tan Delta Systems's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0.3455
	=	0.00

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.

Tan Delta Systems's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.3455	/	0
	=

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.

Tan Delta Systems Days Inventory Related Terms

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

Tan Delta Systems (FRA:TB4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tan Delta Systems plc (FRA:TB4) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TAND:UK

Address

Church Lane, 1 Carrera Court, Dinnington, Sheffield, GBR, S25 2RG

Website

https://www.tandeltasystems.com

Tan Delta Systems plc develops advanced real-time oil analysis and analytic technologies and products with unique capabilities that enable equipment operators to significantly reduce operating costs, improve efficiency and reduce carbon footprint. It develops all its core technologies and products in-house, with manufacturing undertaken by its carefully selected manufacturing partners with whom its dedicated production QA department works. The company operates on a global scale with customers ranging from the largest engine manufacturers to small single equipment operators, from North America and Australia to Chile, India, Russia and Finland. Its products include Sensors, Kits, Display solutions, Gateways & modems and Accessories & services.

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