Ekotechnika AG (XTER:ETE) Days Inventory : 191.48 (As of Sep. 2023)

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What is Ekotechnika AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ekotechnika AG's Average Total Inventories for the six months ended in Sep. 2023 was €61.4 Mil. Ekotechnika AG's Cost of Goods Sold for the six months ended in Sep. 2023 was €58.5 Mil. Hence, Ekotechnika AG's Days Inventory for the six months ended in Sep. 2023 was 191.48.

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

XTER:ETE' s Days Inventory Range Over the Past 10 Years
Min: 53.15 Med: 94.31 Max: 187.84
Current: 187.84

During the past 9 years, Ekotechnika AG's highest Days Inventory was 187.84. The lowest was 53.15. And the median was 94.31.

XTER:ETE's Days Inventory is not ranked
in the Farm & Heavy Construction Machinery industry.
Industry Median: 132.89 vs XTER:ETE: 187.84

Ekotechnika AG's Days Inventory increased from Sep. 2022 (101.59) to Sep. 2023 (191.48). It might indicate that Ekotechnika AG's sales slowed down.

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. Ekotechnika AG's Inventory Turnover for the six months ended in Sep. 2023 was 0.95.

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. Ekotechnika AG's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.71.

Ekotechnika AG Days Inventory Historical Data

The historical data trend for Ekotechnika AG'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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Ekotechnika AG Days Inventory Chart

Ekotechnika AG Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

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94.31

94.99

79.21

112.39

184.75

Ekotechnika AG Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial													76.30	109.26	101.59	187.35	191.48

Competitive Comparison of Ekotechnika AG's Days Inventory

For the Farm & Heavy Construction Machinery subindustry, Ekotechnika AG'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.

Ekotechnika AG's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Ekotechnika AG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ekotechnika AG's Days Inventory falls into.

Ekotechnika AG Days Inventory Calculation

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

Ekotechnika AG's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (60.588	+	59.681)	/	2 )	/	118.803	*	365
=	60.1345					/	118.803	*	365
=	184.75

Ekotechnika AG'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: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (63.151	+	59.681)	/	2 )	/	58.535	*	365 / 2
=	61.416					/	58.535	*	365 / 2
=	191.48

Ekotechnika AG (XTER:ETE) 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.

Ekotechnika AG's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	58.535	/	61.416
	=	0.95

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.

Ekotechnika AG's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	61.416	/	87.076
	=	0.71

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.

Ekotechnika AG Days Inventory Related Terms

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

Ekotechnika AG (XTER:ETE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ekotechnika AG (XTER:ETE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Johann-Jakob-Astor-Strasse 49, Walldorf, BW, DEU, 69190

Website

https://www.ekotechnika.de

Ekotechnika AG is a dealer of agricultural machinery. The company offers tractors, milking machines, spare parts, customer service and smart farming. Its business segments are classified into new machinery, spare parts, service, and smart farming. Its geographical segments include the Central region, Black earth region, and Siberian region. Majority of its revenue derived from Central region segment.

Executives

Lars Bjarne Buwitt

Supervisory Board

Ekotechnika AG (XTER:ETE) Headlines

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