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Enviva (FRA:XV6) Days Inventory : 20.88 (As of Dec. 2023)


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What is Enviva Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Enviva's Average Total Inventories for the three months ended in Dec. 2023 was €122 Mil. Enviva's Cost of Goods Sold for the three months ended in Dec. 2023 was €534 Mil. Hence, Enviva's Days Inventory for the three months ended in Dec. 2023 was 20.88.

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

FRA:XV6's Days Inventory is not ranked *
in the Forest Products industry.
Industry Median: 91.32
* Ranked among companies with meaningful Days Inventory only.

Enviva's Days Inventory declined from Dec. 2022 (35.58) to Dec. 2023 (20.88).

Inventory Turnover measures how fast the company turns over its inventory within a year. Enviva's Inventory Turnover for the three months ended in Dec. 2023 was 4.37.

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. Enviva's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.43.


Enviva Days Inventory Historical Data

The historical data trend for Enviva'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.

* Premium members only.

Enviva Days Inventory Chart

Enviva Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.34 18.63 19.08 37.35 31.23

Enviva 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.58 54.89 60.79 65.99 20.88

Competitive Comparison of Enviva's Days Inventory

For the Lumber & Wood Production subindustry, Enviva'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.


Enviva's Days Inventory Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Enviva's Days Inventory distribution charts can be found below:

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


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Enviva Days Inventory Calculation

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

Enviva'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
=( (149.986 + 63.973) / 2 ) / 1250.382*365
=106.9795 / 1250.382*365
=31.23

Enviva'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
=( (180.242 + 63.973) / 2 ) / 533.674*365 / 4
=122.1075 / 533.674*365 / 4
=20.88

* 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.


Enviva  (FRA:XV6) 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.

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

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.

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

* 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.


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.


Enviva Days Inventory Related Terms

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


Enviva Business Description

Traded in Other Exchanges
N/A
Address
7272 Wisconsin Avenue, Suite 1800, Bethesda, MD, USA, 20814
Enviva Inc develop, construct, acquire, and own and operate, fully contracted wood pellet production plants where the company aggregate a natural resource, wood fiber, and process it into dry, densified, uniform pellets that can be effectively stored and transported around the world. The company sells term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, the European Union, and Japan, who use pellets to displace coal and other fossil fuels to generate power and heat as part of their efforts to accelerate the energy transition away from conventional energy sources. The company derive a majority of revenues from customers in Europe.

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