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Grenke AG (WBO:GLJ) Days Inventory : 0.29 (As of Dec. 2023)


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What is Grenke AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Grenke AG's Average Total Inventories for the three months ended in Dec. 2023 was €0.3 Mil. Grenke AG's Cost of Goods Sold for the three months ended in Dec. 2023 was €98.8 Mil. Hence, Grenke AG's Days Inventory for the three months ended in Dec. 2023 was 0.29.

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

WBO:GLJ' s Days Inventory Range Over the Past 10 Years
Min: 0.26   Med: 0.62   Max: 0.98
Current: 0.48

During the past 13 years, Grenke AG's highest Days Inventory was 0.98. The lowest was 0.26. And the median was 0.62.

WBO:GLJ's Days Inventory is ranked better than
93.07% of 101 companies
in the Credit Services industry
Industry Median: 40.39 vs WBO:GLJ: 0.48

Grenke AG's Days Inventory declined from Dec. 2022 (0.60) to Dec. 2023 (0.29).

Inventory Turnover measures how fast the company turns over its inventory within a year. Grenke AG's Inventory Turnover for the three months ended in Dec. 2023 was 310.57.

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. Grenke AG's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.


Grenke AG Days Inventory Historical Data

The historical data trend for Grenke 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.

* Premium members only.

Grenke AG Days Inventory Chart

Grenke AG 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 0.98 0.83 0.77 0.75 0.48

Grenke 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 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 0.60 0.70 - - 0.29

Competitive Comparison of Grenke AG's Days Inventory

For the Credit Services subindustry, Grenke 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.


Grenke AG's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Grenke AG's Days Inventory distribution charts can be found below:

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



Grenke AG Days Inventory Calculation

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

Grenke 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
=( (0.503 + 0.318) / 2 ) / 314.67*365
=0.4105 / 314.67*365
=0.48

Grenke 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
=( (0 + 0.318) / 1 ) / 98.761*365 / 4
=0.318 / 98.761*365 / 4
=0.29

* 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.


Grenke AG  (WBO:GLJ) 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.

Grenke AG'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.

Grenke AG'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.


Grenke AG Days Inventory Related Terms

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


Grenke AG (WBO:GLJ) Business Description

Traded in Other Exchanges
Address
Neuer Markt 2, Baden-Baden, DEU, 76532
Grenke AG is a financial-services company that, under a franchise model, provides operational infrastructure, the licensing of the group's name to contracted parties, and other support services. The firm retains the right to acquire the franchisee based on a predetermined formula and time frame. Grenke's reporting segments include Leasing, Banking, and Factoring. The Leasing segment produces the most revenue. GRENKE Bank's actions compose the banking segment, primarily including acting as the financing partner for SMEs. The Factoring segment includes mainly small-ticket factoring services. The company operates primarily in Europe, with the most revenue coming from Ireland and Germany.

Grenke AG (WBO:GLJ) Headlines

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