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REC Silicon ASA (OSTO:RECO) Days Inventory : 570.16 (As of Dec. 2023)


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What is REC Silicon ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). REC Silicon ASA's Average Total Inventories for the three months ended in Dec. 2023 was kr573 Mil. REC Silicon ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr92 Mil. Hence, REC Silicon ASA's Days Inventory for the three months ended in Dec. 2023 was 570.16.

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

OSTO:RECo' s Days Inventory Range Over the Past 10 Years
Min: 405.22   Med: 520.23   Max: 984.15
Current: 971.23

During the past 13 years, REC Silicon ASA's highest Days Inventory was 984.15. The lowest was 405.22. And the median was 520.23.

OSTO:RECo's Days Inventory is ranked worse than
98.4% of 940 companies
in the Semiconductors industry
Industry Median: 130.735 vs OSTO:RECo: 971.23

REC Silicon ASA's Days Inventory declined from Dec. 2022 (761.38) to Dec. 2023 (570.16).

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. REC Silicon ASA's Inventory Turnover for the three months ended in Dec. 2023 was 0.16.

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. REC Silicon ASA's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.34.


REC Silicon ASA Days Inventory Historical Data

The historical data trend for REC Silicon 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.

* Premium members only.

REC Silicon ASA Days Inventory Chart

REC Silicon ASA 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 486.06 803.85 519.38 405.22 984.15

REC Silicon ASA 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 761.38 1,282.83 1,817.81 1,147.91 570.16

Competitive Comparison of REC Silicon ASA's Days Inventory

For the Semiconductor Equipment & Materials subindustry, REC Silicon 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.


REC Silicon ASA's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, REC Silicon ASA's Days Inventory distribution charts can be found below:

* The bar in red indicates where REC Silicon ASA's Days Inventory falls into.



REC Silicon ASA Days Inventory Calculation

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

REC Silicon ASA'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
=( (378.408 + 617.14) / 2 ) / 184.614*365
=497.774 / 184.614*365
=984.15

REC Silicon ASA'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
=( (529.8 + 617.14) / 2 ) / 91.78*365 / 4
=573.47 / 91.78*365 / 4
=570.16

* 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.


REC Silicon ASA  (OSTO:RECo) 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.

REC Silicon ASA'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.

REC Silicon ASA'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.


REC Silicon ASA Days Inventory Related Terms

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


REC Silicon ASA (OSTO:RECO) Business Description

Traded in Other Exchanges
Address
Fornebuveien 84, PO Box 63, Lysaker, NOR, 1324
REC Silicon ASA is a producer of silicon materials, supplying high-purity polysilicon and silicon gases to the solar and electronics industries. The product offered by the group includes Solar grade polysilicon, Electronic grade polysilicon and Silicon gases. It operates in two segments namely Solar Materials and Semiconductor Materials. Majority of the firm's revenue gets generated through Semiconductor Materials segment.

REC Silicon ASA (OSTO:RECO) Headlines

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