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Days Inventory is also known as Days Sales of Inventory (DSI). Earth Science Tech's Average Total Inventories for the three months ended in Dec. 2023 was $0.30 Mil. Earth Science Tech's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.41 Mil. Hence, Earth Science Tech's Days Inventory for the three months ended in Dec. 2023 was 19.57.
The historical rank and industry rank for Earth Science Tech's Days Inventory or its related term are showing as below:
During the past 11 years, Earth Science Tech's highest Days Inventory was 1118.70. The lowest was 29.03. And the median was 158.58.
Earth Science Tech's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (19.57). It might indicate that Earth Science Tech's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. Earth Science Tech's Inventory Turnover for the three months ended in Dec. 2023 was 4.66.
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. Earth Science Tech's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.08.
The historical data trend for Earth Science Tech'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.
For the Drug Manufacturers - Specialty & Generic subindustry, Earth Science Tech'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.
For the Drug Manufacturers industry and Healthcare sector, Earth Science Tech's Days Inventory distribution charts can be found below:
* The bar in red indicates where Earth Science Tech's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Earth Science Tech's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as
Days Inventory (A: Mar. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Mar. 2022 ) | + | Total Inventories (A: Mar. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Mar. 2023 ) | * | Days in Period |
= | ( (0 | + | 0.01) | / | 1 ) | / | 0.027 | * | 365 |
= | 0.01 | / | 0.027 | * | 365 | ||||
= | 135.19 |
Earth Science Tech'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 |
= | ( (0.211 | + | 0.395) | / | 2 ) | / | 1.413 | * | 365 / 4 |
= | 0.303 | / | 1.413 | * | 365 / 4 | ||||
= | 19.57 |
* 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.
Earth Science Tech (OTCPK:ETST) 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.
Earth Science Tech's Inventory Turnover for the three months ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 1.413 | / | 0.303 | |
= | 4.66 |
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.
Earth Science Tech's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 0.303 | / | 3.79 | |
= | 0.08 |
* 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.
Thank you for viewing the detailed overview of Earth Science Tech's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Giorgio R. Saumat | director | 449 ESPLANADE DR, MIAMI SPRINGS FL 33166 |
Majorca Group, Ltd. | 10 percent owner | 1621 CENTRAL AVE, CHEYENNE WY 90501 |
David Barbash | officer: Chief Sales Officer | 109 SWIFT CREEK CROSSING, DURHAM NC 27713 |
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Thomas H Wright | director, officer: Chief Operating Officer | 1600 SOUTH DIXIE HWY., SUITE 300, BOCA RATON FL 33432 |
Harvey Katz | officer: CEO | 2255 GLADES ROAD, #324A, BOCA RATON FL 33431 |
Issa El-cheikh | director, officer: President | 40 EAST MAIN STREET #998, NEWARK DE 19711 |
Great Lakes Holdings Group, Llc | 10 percent owner | 3825 HUNTINGTON AVENUE, WINDSOR A6 N9E3N4 |
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