Flexible Solutions International (Flexible Solutions International) Days Inventory : 140.44 (As of Dec. 2023)

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What is Flexible Solutions International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Flexible Solutions International's Average Total Inventories for the three months ended in Dec. 2023 was $10.29 Mil. Flexible Solutions International's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.68 Mil. Hence, Flexible Solutions International's Days Inventory for the three months ended in Dec. 2023 was 140.44.

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

FSI' s Days Inventory Range Over the Past 10 Years
Min: 110.66 Med: 144.88 Max: 200.79
Current: 158.3

During the past 13 years, Flexible Solutions International's highest Days Inventory was 200.79. The lowest was 110.66. And the median was 144.88.

FSI's Days Inventory is ranked worse than
82.27% of 1495 companies
in the Chemicals industry
Industry Median: 82.92 vs FSI: 158.30

Flexible Solutions International's Days Inventory declined from Dec. 2022 (144.53) to Dec. 2023 (140.44).

Inventory Turnover measures how fast the company turns over its inventory within a year. Flexible Solutions International's Inventory Turnover for the three months ended in Dec. 2023 was 0.65.

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. Flexible Solutions International's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.09.

Flexible Solutions International Days Inventory Historical Data

The historical data trend for Flexible Solutions International'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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Flexible Solutions International Days Inventory Chart

Flexible Solutions International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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173.69

148.04

141.71

136.55

166.63

Flexible Solutions International 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															144.53	194.29	160.78	130.64	140.44

Competitive Comparison of Flexible Solutions International's Days Inventory

For the Specialty Chemicals subindustry, Flexible Solutions International'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.

Flexible Solutions International's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Flexible Solutions International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Flexible Solutions International's Days Inventory falls into.

Flexible Solutions International Days Inventory Calculation

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

Flexible Solutions International'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
=	( (14.419	+	11.135)	/	2 )	/	27.988	*	365
=	12.777					/	27.988	*	365
=	166.63

Flexible Solutions International'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
=	( (9.44	+	11.135)	/	2 )	/	6.684	*	365 / 4
=	10.2875					/	6.684	*	365 / 4
=	140.44

Flexible Solutions International (AMEX:FSI) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.684	/	10.2875
	=	0.65

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.2875	/	9.425
	=	1.09

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.

Flexible Solutions International Days Inventory Related Terms

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

Flexible Solutions International (Flexible Solutions International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Flexible Solutions International Inc (AMEX:FSI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

6001 54 Avenue, Taber, AB, CAN, T1G 1X4

Website

https://www.flexiblesolutions.com

Flexible Solutions International Inc develops, manufactures, and markets specialty chemicals that slow the evaporation of water. Its business is organized into two segments Energy and Water Conservation Products, and Biodegradable Polymers. It primarily offers a liquid swimming pool blanket under the WATERSAVR brand, which saves energy and water by inhibiting evaporation from the pool surface, a chemical product called HEATSAVR, for use in swimming pools and spas to slow the water evaporation. The firm also manufactures and markets water-soluble chemicals utilizing thermal polyaspartate biopolymers. It generates most of its revenues from the export of its products to international markets.

Executives

O Brien Daniel B	director, 10 percent owner, officer: President/CEO	2614 QUEENSWOOD DR, VICTORIA B C, V8N 1X6 A1 V6C 3L6
Thomas Murray Fyles	director	3478 CARDIFF PLACE, VICTORIA A1 V8P 4Z1
Robert T Helina	director	P.O. BOX 670, (345) 323-7888, GEORGETOWN E9 KY1-1107
John H Bientjes	director	1-230 W 13TH ST, N VANCOUVER B C, V8N 1X5
Eric Glen Hodges	director	204 GOVERNMENT STREET, VICTORIA A1 V8V 2K9
Fred J Kupel	officer: Chief Financial Officer	3735 SE OGDEN STREET, PORTLAND OR 97202
O Brien Dr Robert N	director, 10 percent owner	2614 QUEENSWOOD DR, VICTORIA B C, V8N 1X6
Dale Friend	director