International Zeolite (FRA:ZEON) Days Inventory : 115.96 (As of Dec. 2023)

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What is International Zeolite Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). International Zeolite's Average Total Inventories for the three months ended in Dec. 2023 was €0.09 Mil. International Zeolite's Cost of Goods Sold for the three months ended in Dec. 2023 was €0.07 Mil. Hence, International Zeolite's Days Inventory for the three months ended in Dec. 2023 was 115.96.

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

FRA:ZEON' s Days Inventory Range Over the Past 10 Years
Min: 144.7 Med: 228.57 Max: 246.52
Current: 188.78

During the past 13 years, International Zeolite's highest Days Inventory was 246.52. The lowest was 144.70. And the median was 228.57.

FRA:ZEON's Days Inventory is ranked worse than
87.39% of 1491 companies
in the Chemicals industry
Industry Median: 83.31 vs FRA:ZEON: 188.78

International Zeolite's Days Inventory declined from Dec. 2022 (375.14) to Dec. 2023 (115.96).

Inventory Turnover measures how fast the company turns over its inventory within a year. International Zeolite's Inventory Turnover for the three months ended in Dec. 2023 was 0.79.

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. International Zeolite's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.68.

International Zeolite Days Inventory Historical Data

The historical data trend for International Zeolite'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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International Zeolite Days Inventory Chart

International Zeolite Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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225.83

231.99

242.25

138.70

177.89

International Zeolite 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															375.14	215.77	368.51	172.46	115.96

Competitive Comparison of International Zeolite's Days Inventory

For the Specialty Chemicals subindustry, International Zeolite'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.

International Zeolite's Days Inventory Distribution in the Chemicals Industry

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

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

International Zeolite Days Inventory Calculation

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

International Zeolite's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.095	+	0.098)	/	2 )	/	0.198	*	365
=	0.0965					/	0.198	*	365
=	177.89

International Zeolite'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
=	( (0.091	+	0.092)	/	2 )	/	0.072	*	365 / 4
=	0.0915					/	0.072	*	365 / 4
=	115.96

International Zeolite (FRA:ZEON) 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.

International Zeolite's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.072	/	0.0915
	=	0.79

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.

International Zeolite's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0915	/	0.134
	=	0.68

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.

International Zeolite Days Inventory Related Terms

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

International Zeolite (FRA:ZEON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » International Zeolite Corp (FRA:ZEON) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

IZCFF:USA ZEON:Germany IZ:Canada

Address

1021 West Hastings Street, Suite 2300, 9th Floor, Vancouver, BC, CAN, V6E0C3

Website

https://www.internationalzeolite.com

International Zeolite Corp is a Canada-based company that markets and supplies natural zeolite and zeolite-infused products. The company's operating segments include the exploration and development segment; and the retail and commercial sales segment which is the key revenue driver. The revenue comprises sales of zeolite products, commissions earned on sales of zeolite products, and royalties earned on bulk zeolite material shipped from its site in Princeton.