ADN (Advent Technologies Holdings) Days Inventory : 282.85 (As of Sep. 2024)

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What is Advent Technologies Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Advent Technologies Holdings's Average Total Inventories for the three months ended in Sep. 2024 was $1.04 Mil. Advent Technologies Holdings's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.34 Mil. Hence, Advent Technologies Holdings's Days Inventory for the three months ended in Sep. 2024 was 282.85.

The historical rank and industry rank for Advent Technologies Holdings's Days Inventory or its related term are showing as below:

ADN' s Days Inventory Range Over the Past 10 Years
Min: 76.69 Med: 195.75 Max: 416.38
Current: 82.17

During the past 5 years, Advent Technologies Holdings's highest Days Inventory was 416.38. The lowest was 76.69. And the median was 195.75.

ADN's Days Inventory is ranked better than
72.23% of 2910 companies
in the Industrial Products industry
Industry Median: 122.215 vs ADN: 82.17

Advent Technologies Holdings's Days Inventory declined from Sep. 2023 (1,643.91) to Sep. 2024 (282.85).

Inventory Turnover measures how fast the company turns over its inventory within a year. Advent Technologies Holdings's Inventory Turnover for the three months ended in Sep. 2024 was 0.32.

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. Advent Technologies Holdings's Inventory-to-Revenue for the three months ended in Sep. 2024 was 8.14.

Advent Technologies Holdings Days Inventory Historical Data

The historical data trend for Advent Technologies Holdings'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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Advent Technologies Holdings Days Inventory Chart

Advent Technologies Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

76.69

238.54

416.38

152.96

Advent Technologies Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial														1,643.91	44.73	214.20	1,195.96	282.85

Competitive Comparison of Advent Technologies Holdings's Days Inventory

For the Electrical Equipment & Parts subindustry, Advent Technologies Holdings'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.

Advent Technologies Holdings's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Advent Technologies Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Advent Technologies Holdings's Days Inventory falls into.

Advent Technologies Holdings Days Inventory Calculation

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

Advent Technologies Holdings'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
=	( (12.62	+	2.707)	/	2 )	/	18.287	*	365
=	7.6635					/	18.287	*	365
=	152.96

Advent Technologies Holdings's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1.986	+	0.097)	/	2 )	/	0.336	*	365 / 4
=	1.0415					/	0.336	*	365 / 4
=	282.85

Advent Technologies Holdings (NAS:ADN) 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.

Advent Technologies Holdings's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.336	/	1.0415
	=	0.32

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.

Advent Technologies Holdings's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.0415	/	0.128
	=	8.14

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.

Advent Technologies Holdings Days Inventory Related Terms

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

Advent Technologies Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Advent Technologies Holdings Inc (NAS:ADN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Rutherford Avenue, Suite 102, Boston, MA, USA, 02129

Website

https://www.advent.energy

Advent Technologies Holdings Inc is an innovation-driven company in the fuel cell and hydrogen technology space. The company develops, manufactures, and assembles complete fuel cell systems and the critical components that determine the performance of hydrogen fuel cells and other energy systems. It serves automotive; aviation and power generation industries. It generates revenue from the sale of fuel cell systems and the sale of MEAs, membranes, and electrodes for specific applications in the fuel cell and energy storage (flow battery) markets.

Executives

Vassilios Gregoriou	director, 10 percent owner, officer: Chairman and CEO	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Kevin L. Brackman	officer: Chief Financial Officer	1293 SOUTH MAIN STREET, AKRON OH 44301
James F. Coffey	officer: COO and General Counsel	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
De Castro Emory Sayre	director, officer: Chief Technology Officer	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Von Mcconnell	director	200 CLARENDON STREET, 25TH FLOOR, BOSTON MA 02116
Panoraia Gourdoupi	director	200 CLARENDON STREET, 25TH FLOOR, BOSTON MA 02116
Wayne Threatt	director	200 CLARENDON STREET, BOSTON MA 02116
Lawrence Epstein	director	1200 CLARENDON STREET, BOSTON MA 02116
Clark Lawrence M Jr	director	C/O PAUL,WEISS,RIFKIND,WHARTON &, GARRISON LLP,1285 AVENUE OF THE AMERICAS, NEW YORK NY 10019-6064
Anggelos Skutaris	director	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Katherine E. Fleming	director	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Katrina Fritz	director	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Christos Kaskavelis	officer: Chief Marketing Officer	SYNTAGMATARCHOU DAVAKI 1, FILOTHEI J3 15237
John Hunter William	director, officer: President and CFO	930 TAHOE BOULEVARD, SUITE 802-16, INCLINE VILLAGE NV 89451
Adage Capital Partners Gp, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116