Encavis AG (WBO:CAP) Days Inventory : 5.42 (As of Dec. 2023)

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What is Encavis AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Encavis AG's Average Total Inventories for the three months ended in Dec. 2023 was €4.8 Mil. Encavis AG's Cost of Goods Sold for the three months ended in Dec. 2023 was €80.4 Mil. Hence, Encavis AG's Days Inventory for the three months ended in Dec. 2023 was 5.42.

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

WBO:CAP' s Days Inventory Range Over the Past 10 Years
Min: 2.87 Med: 6.76 Max: 70.62
Current: 17.46

During the past 13 years, Encavis AG's highest Days Inventory was 70.62. The lowest was 2.87. And the median was 6.76.

WBO:CAP's Days Inventory is ranked better than
68.1% of 326 companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.02 vs WBO:CAP: 17.46

Encavis AG's Days Inventory increased from Dec. 2022 (2.82) to Dec. 2023 (5.42). It might indicate that Encavis AG's sales slowed down.

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. Encavis AG's Inventory Turnover for the three months ended in Dec. 2023 was 16.84.

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. Encavis AG's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.05.

Encavis AG Days Inventory Historical Data

The historical data trend for Encavis AG'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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Encavis AG Days Inventory Chart

Encavis AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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3.72

2.87

3.60

11.22

19.44

Encavis AG 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															2.82	87.61	65.79	37.90	5.42

Competitive Comparison of Encavis AG's Days Inventory

For the Utilities - Renewable subindustry, Encavis AG'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.

Encavis AG's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Encavis AG's Days Inventory distribution charts can be found below:

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

Encavis AG Days Inventory Calculation

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

Encavis AG'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
=	( (5.612	+	5.312)	/	2 )	/	102.57	*	365
=	5.462					/	102.57	*	365
=	19.44

Encavis AG'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
=	( (4.235	+	5.312)	/	2 )	/	80.381	*	365 / 4
=	4.7735					/	80.381	*	365 / 4
=	5.42

Encavis AG (WBO:CAP) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	80.381	/	4.7735
	=	16.84

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.7735	/	103.369
	=	0.05

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.

Encavis AG Days Inventory Related Terms

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

Encavis AG (WBO:CAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Encavis AG (WBO:CAP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

0NBT:UK ECV:Germany

Address

Grosse Elbstrasse 59, Hamburg, DEU, 22767

Website

https://www.encavis.com

Encavis AG is an independent solar park operator. Principally, it is engaged in the business of acquisition and operation of solar parks and onshore wind parks. Its operating segments are Photovoltaic Parks, Photovoltaic Service, Wind Parks, Asset Management, and Administration, of which the majority of its revenue comes from the Photovoltaic Parks segment. The Photovoltaic Parks segment comprised more than 169 solar parks with a total generation capacity of more than 1.3 GW, with parks located in different countries. Its geographical segments are Denmark, Germany, France, United Kingdom, Ireland, Finland, Italy, Netherlands, Austria, France, Sweden, and Spain.