Elliptic Laboratories ASA (STU:EIP) Days Inventory : 0.00 (As of Mar. 2024)

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What is Elliptic Laboratories ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Elliptic Laboratories ASA's Average Total Inventories for the three months ended in Mar. 2024 was €0.00 Mil. Elliptic Laboratories ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was €1.87 Mil. Hence, Elliptic Laboratories ASA's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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

STU:EIP's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 18.935
* Ranked among companies with meaningful Days Inventory only.

Elliptic Laboratories ASA's Days Inventory stayed the same from Mar. 2023 (0.00) to Mar. 2024 (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. Elliptic Laboratories ASA's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.

Elliptic Laboratories ASA Days Inventory Historical Data

The historical data trend for Elliptic Laboratories ASA'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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Elliptic Laboratories ASA Days Inventory Chart

Elliptic Laboratories ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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Elliptic Laboratories ASA Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Elliptic Laboratories ASA's Days Inventory

For the Software - Infrastructure subindustry, Elliptic Laboratories ASA'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.

Elliptic Laboratories ASA's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Elliptic Laboratories ASA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Elliptic Laboratories ASA's Days Inventory falls into.

Elliptic Laboratories ASA Days Inventory Calculation

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

Elliptic Laboratories ASA'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 )	/	7.002	*	365
=	0					/	7.002	*	365
=	0.00

Elliptic Laboratories ASA's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1.868	*	365 / 4
=	0					/	1.868	*	365 / 4
=	0.00

Elliptic Laboratories ASA (STU:EIP) 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.

Elliptic Laboratories ASA's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.868	/	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.

Elliptic Laboratories ASA's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	1.927
	=	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.

Elliptic Laboratories ASA Days Inventory Related Terms

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

Elliptic Laboratories ASA (STU:EIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Elliptic Laboratories ASA (STU:EIP) » Definitions » Days Inventory

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ELABSo:Sweden ELABS:Norway

Address

Akersgata 32, Oslo, NOR, 0180

Website

https://www.ellipticlabs.com

Elliptic Laboratories ASA is a software-based AI Virtual Smart Sensor Platform. Its AI Virtual Security Sensor is a presence-detection solution used to improve the security of data stored on laptops. The AI Virtual Security Sensor leverages a laptop's existing speaker and microphone to generate and process ultrasound waves to detect presence.

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