Teco 2030 ASA (Teco 2030 ASA) Days Inventory : 0.00 (As of Sep. 2023)

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What is Teco 2030 ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Teco 2030 ASA's Average Total Inventories for the three months ended in Sep. 2023 was $2.91 Mil. Teco 2030 ASA's Cost of Goods Sold for the three months ended in Sep. 2023 was $-0.01 Mil.

The historical rank and industry rank for Teco 2030 ASA's Days Inventory or its related term are showing as below:

TECFF' s Days Inventory Range Over the Past 10 Years
Min: 295.46 Med: 352.86 Max: 3209.05
Current: 766.96

During the past 4 years, Teco 2030 ASA's highest Days Inventory was 3209.05. The lowest was 295.46. And the median was 352.86.

TECFF's Days Inventory is ranked worse than
98.76% of 2898 companies
in the Industrial Products industry
Industry Median: 121.445 vs TECFF: 766.96

Teco 2030 ASA's Days Inventory declined from Sep. 2022 (311.51) to Sep. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Teco 2030 ASA's Inventory Turnover for the three months ended in Sep. 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. Teco 2030 ASA's Inventory-to-Revenue for the three months ended in Sep. 2023 was 37.73.

Teco 2030 ASA Days Inventory Historical Data

The historical data trend for Teco 2030 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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Teco 2030 ASA Days Inventory Chart

Teco 2030 ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Inventory

3,229.56

299.43

371.98

Teco 2030 ASA Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial									311.51	409.82	115.64	1,106.22	-

Competitive Comparison of Teco 2030 ASA's Days Inventory

For the Specialty Industrial Machinery subindustry, Teco 2030 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.

Teco 2030 ASA's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Teco 2030 ASA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Teco 2030 ASA's Days Inventory falls into.

Teco 2030 ASA Days Inventory Calculation

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

Teco 2030 ASA's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.945	+	0.706)	/	2 )	/	0.81	*	365
=	0.8255					/	0.81	*	365
=	371.98

Teco 2030 ASA's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (2.455	+	3.356)	/	2 )	/	-0.009	*	365 / 4
=	2.9055					/	-0.009	*	365 / 4
=	N/A

Teco 2030 ASA (OTCPK:TECFF) 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.

Teco 2030 ASA's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	-0.009	/	2.9055
	=	-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.

Teco 2030 ASA's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.9055	/	0.077
	=	37.73

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.

Teco 2030 ASA Days Inventory Related Terms

Thank you for viewing the detailed overview of Teco 2030 ASA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Teco 2030 ASA (Teco 2030 ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Teco 2030 ASA (OTCPK:TECFF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TECO:Norway TE9:Germany

Address

Lysaker Torg 12, Lysaker, NOR, 1366

Website

https://www.teco2030.no

Teco 2030 ASA is an engineering and equipment development company in the renewable energy sector. The company is developing technologies for marine emission reduction like Proton-exchange membrane fuel cells system integration and particulate and black carbon capture for exhaust gas cleaning. Its solutions include TECO PEM Fuel cells, TECO Future Funnel, TECO Future Funnel, and TECO Fuel Cell Factory. Its geographical segments are the United States and Malaysia, of which the USA accounts for the majority of the revenue.