Athena IT-Group AS (OCSE:ATHENA) Days Inventory : 1.39 (As of Sep. 2015)

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What is Athena IT-Group AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Athena IT-Group AS's Average Total Inventories for the three months ended in Sep. 2015 was kr0.05 Mil. Athena IT-Group AS's Cost of Goods Sold for the three months ended in Sep. 2015 was kr3.28 Mil. Hence, Athena IT-Group AS's Days Inventory for the three months ended in Sep. 2015 was 1.39.

The historical rank and industry rank for Athena IT-Group AS's Days Inventory or its related term are showing as below:

OCSE:ATHENA' s Days Inventory Range Over the Past 10 Years
Min: 0.76 Med: 24.26 Max: 134.35
Current: 0.76

During the past 8 years, Athena IT-Group AS's highest Days Inventory was 134.35. The lowest was 0.76. And the median was 24.26.

OCSE:ATHENA's Days Inventory is not ranked
in the Software industry.
Industry Median: 18.88 vs OCSE:ATHENA: 0.76

Athena IT-Group AS's Days Inventory declined from Sep. 2014 (3.24) to Sep. 2015 (1.39).

Inventory Turnover measures how fast the company turns over its inventory within a year. Athena IT-Group AS's Inventory Turnover for the three months ended in Sep. 2015 was 65.50.

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. Athena IT-Group AS's Inventory-to-Revenue for the three months ended in Sep. 2015 was 0.00.

Athena IT-Group AS Days Inventory Historical Data

The historical data trend for Athena IT-Group AS'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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Athena IT-Group AS Days Inventory Chart

Athena IT-Group AS Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Days Inventory

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27.99

24.26

18.30

6.65

2.20

Athena IT-Group AS Quarterly Data
	Jun09	Jun10	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Days Inventory	Get a 7-Day Free Trial															3.24	-	-	5.52	1.39

Competitive Comparison of Athena IT-Group AS's Days Inventory

For the Information Technology Services subindustry, Athena IT-Group AS'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.

Athena IT-Group AS's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Athena IT-Group AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Athena IT-Group AS's Days Inventory falls into.

Athena IT-Group AS Days Inventory Calculation

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

Athena IT-Group AS's Days Inventory for the fiscal year that ended in Jun. 2015 is calculated as

	Days Inventory (A: Jun. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2014 )	+	Total Inventories (A: Jun. 2015 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2015 )	*	Days in Period
=	( (0.136	+	0.05)	/	2 )	/	15.399	*	365
=	0.093					/	15.399	*	365
=	2.20

Athena IT-Group AS's Days Inventory for the quarter that ended in Sep. 2015 is calculated as:

	Days Inventory (Q: Sep. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2015 )	+	Total Inventories (Q: Sep. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2015 )	*	Days in Period
=	( (0.05	+	0)	/	1 )	/	3.275	*	365 / 4
=	0.05					/	3.275	*	365 / 4
=	1.39

Athena IT-Group AS (OCSE:ATHENA) 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.

Athena IT-Group AS's Inventory Turnover for the three months ended in Sep. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.275	/	0.05
	=	65.50

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.

Athena IT-Group AS's Inventory to Revenue for the three months ended in Sep. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.05	/	15.451
	=	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.

Athena IT-Group AS Days Inventory Related Terms

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

Athena IT-Group AS (OCSE:ATHENA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Athena IT-Group AS (OCSE:ATHENA) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Website

http://www.athena.dk

Athena IT-Group AS provides professional IT solutions for the Danish business community. It consists of two divisions: Infrastructure & Outsourcing; and E-Solutions.

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