Svenska Aerogel Holding AB (OSTO:AERO) Days Inventory : 49.08 (As of Sep. 2023)

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What is Svenska Aerogel Holding AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Svenska Aerogel Holding AB's Average Total Inventories for the three months ended in Sep. 2023 was kr2.25 Mil. Svenska Aerogel Holding AB's Cost of Goods Sold for the three months ended in Sep. 2023 was kr4.19 Mil. Hence, Svenska Aerogel Holding AB's Days Inventory for the three months ended in Sep. 2023 was 49.08.

The historical rank and industry rank for Svenska Aerogel Holding AB's Days Inventory or its related term are showing as below:

OSTO:AERO' s Days Inventory Range Over the Past 10 Years
Min: 119.02 Med: 1087.78 Max: 13445.27
Current: 13445.27

During the past 9 years, Svenska Aerogel Holding AB's highest Days Inventory was 13445.27. The lowest was 119.02. And the median was 1087.78.

OSTO:AERO's Days Inventory is ranked worse than
100% of 1492 companies
in the Chemicals industry
Industry Median: 83.25 vs OSTO:AERO: 13445.27

Svenska Aerogel Holding AB's Days Inventory increased from Sep. 2022 (40.46) to Sep. 2023 (49.08). It might indicate that Svenska Aerogel Holding AB's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Svenska Aerogel Holding AB's Inventory Turnover for the three months ended in Sep. 2023 was 1.86.

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. Svenska Aerogel Holding AB's Inventory-to-Revenue for the three months ended in Sep. 2023 was 5.40.

Svenska Aerogel Holding AB Days Inventory Historical Data

The historical data trend for Svenska Aerogel Holding AB'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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Svenska Aerogel Holding AB Days Inventory Chart

Svenska Aerogel Holding AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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119.02

1,248.95

5,034.16

926.60

Svenska Aerogel Holding AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															40.46	-	32.47	46.33	49.08

Competitive Comparison of Svenska Aerogel Holding AB's Days Inventory

For the Specialty Chemicals subindustry, Svenska Aerogel Holding AB'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.

Svenska Aerogel Holding AB's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Svenska Aerogel Holding AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where Svenska Aerogel Holding AB's Days Inventory falls into.

Svenska Aerogel Holding AB Days Inventory Calculation

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

Svenska Aerogel Holding AB'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
=	( (1.304	+	1.981)	/	2 )	/	0.647	*	365
=	1.6425					/	0.647	*	365
=	926.60

Svenska Aerogel Holding AB'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
=	( (2.243	+	2.262)	/	2 )	/	4.188	*	365 / 4
=	2.2525					/	4.188	*	365 / 4
=	49.08

Svenska Aerogel Holding AB (OSTO:AERO) 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.

Svenska Aerogel Holding AB's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.188	/	2.2525
	=	1.86

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.

Svenska Aerogel Holding AB's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.2525	/	0.417
	=	5.40

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.

Svenska Aerogel Holding AB Days Inventory Related Terms

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

Svenska Aerogel Holding AB (OSTO:AERO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Svenska Aerogel Holding AB (OSTO:AERO) » Definitions » Days Inventory

Comparable Companies

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5L8:Germany

Address

Strommavagen 2, Gavle, SWE, 80309

Website

http://www.aerogel.se

Svenska Aerogel Holding AB develops and manufactures recyclable aerogel materials for industrial applications. It is focused on the development of Insulation, Color & Surface and Filtering of liquids and gases.