Clean Teq Water (ASX:CNQ) Days Inventory : 5.55 (As of Dec. 2023)

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What is Clean Teq Water Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Clean Teq Water's Average Total Inventories for the six months ended in Dec. 2023 was A$0.16 Mil. Clean Teq Water's Cost of Goods Sold for the six months ended in Dec. 2023 was A$5.38 Mil. Hence, Clean Teq Water's Days Inventory for the six months ended in Dec. 2023 was 5.55.

The historical rank and industry rank for Clean Teq Water's Days Inventory or its related term are showing as below:

ASX:CNQ' s Days Inventory Range Over the Past 10 Years
Min: 4.64 Med: 13.64 Max: 13.64
Current: 4.64

During the past 2 years, Clean Teq Water's highest Days Inventory was 13.64. The lowest was 4.64. And the median was 13.64.

ASX:CNQ's Days Inventory is ranked better than
83.08% of 461 companies
in the Utilities - Regulated industry
Industry Median: 23.46 vs ASX:CNQ: 4.64

Clean Teq Water's Days Inventory increased from Dec. 2022 (1.11) to Dec. 2023 (5.55). It might indicate that Clean Teq Water's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Clean Teq Water's Inventory Turnover for the six months ended in Dec. 2023 was 32.89.

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. Clean Teq Water's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.

Clean Teq Water Days Inventory Historical Data

The historical data trend for Clean Teq Water'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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Clean Teq Water Days Inventory Chart

Clean Teq Water Annual Data

Trend

Jun22

Jun23

Days Inventory

13.64

Clean Teq Water Semi-Annual Data
	Dec20	Jun22	Dec22	Jun23	Dec23
Days Inventory	-	-	1.11	7.66	5.55

Competitive Comparison of Clean Teq Water's Days Inventory

For the Utilities - Regulated Water subindustry, Clean Teq Water'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.

Clean Teq Water's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Clean Teq Water's Days Inventory distribution charts can be found below:

* The bar in red indicates where Clean Teq Water's Days Inventory falls into.

Clean Teq Water Days Inventory Calculation

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

Clean Teq Water's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0	+	0.298)	/	1 )	/	7.972	*	365
=	0.298					/	7.972	*	365
=	13.64

Clean Teq Water'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.298	+	0.029)	/	2 )	/	5.377	*	365 / 2
=	0.1635					/	5.377	*	365 / 2
=	5.55

Clean Teq Water (ASX:CNQ) 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.

Clean Teq Water's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.377	/	0.1635
	=	32.89

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.

Clean Teq Water's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.1635	/	7.123
	=	0.02

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.

Clean Teq Water Days Inventory Related Terms

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

Clean Teq Water (ASX:CNQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Clean Teq Water Ltd (ASX:CNQ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CNQQF:USA 9NK:Germany

Address

21 Howleys Road, Unit 12, Notting Hill, VIC, AUS, 3168

Website

https://www.cleanteqwater.com

Clean Teq Water Ltd provides inventive metals recovery and water treatment solutions for governments and companies. Its technology solutions include desalination, nutrient removal, zero liquid discharge and hardness removal. It focuses on sectors such as municipal wastewater, surface water, industrial wastewater and mining process water. The company has offices and laboratories in Melbourne, Perth, Beijing and Tianjin, and partner offices in Africa and Latin America.