eFleets (eFleets) Days Inventory : 26.81 (As of Jun. 2014)

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What is eFleets Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). eFleets's Average Total Inventories for the three months ended in Jun. 2014 was $0.12 Mil. eFleets's Cost of Goods Sold for the three months ended in Jun. 2014 was $0.41 Mil. Hence, eFleets's Days Inventory for the three months ended in Jun. 2014 was 26.81.

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

EFLT's Days Inventory is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 81.84
* Ranked among companies with meaningful Days Inventory only.

eFleets's Days Inventory declined from Jun. 2013 (65.14) to Jun. 2014 (26.81).

Inventory Turnover measures how fast the company turns over its inventory within a year. eFleets's Inventory Turnover for the three months ended in Jun. 2014 was 3.40.

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. eFleets's Inventory-to-Revenue for the three months ended in Jun. 2014 was 0.46.

eFleets Days Inventory Historical Data

The historical data trend for eFleets'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.

eFleets Days Inventory Chart

eFleets Annual Data

Trend

May09

May10

May11

May12

Dec13

Days Inventory

31.72

eFleets Quarterly Data
	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	Jun13	Sep13	Dec13	Mar14	Jun14
Days Inventory	Get a 7-Day Free Trial															65.14	35.83	82.46	-	26.81

Competitive Comparison of eFleets's Days Inventory

For the Auto Manufacturers subindustry, eFleets'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.

eFleets's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, eFleets's Days Inventory distribution charts can be found below:

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

eFleets Days Inventory Calculation

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

eFleets's Days Inventory for the fiscal year that ended in Dec. 2013 is calculated as

	Days Inventory (A: Dec. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: May. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2013 )	*	Days in Period
=	( (0	+	0.085)	/	1 )	/	0.978	*	365
=	0.085					/	0.978	*	365
=	31.72

eFleets's Days Inventory for the quarter that ended in Jun. 2014 is calculated as:

	Days Inventory (Q: Jun. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2014 )	+	Total Inventories (Q: Jun. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
=	( (0.12	+	0.118)	/	2 )	/	0.405	*	365 / 4
=	0.119					/	0.405	*	365 / 4
=	26.81

eFleets (GREY:EFLT) 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.

eFleets's Inventory Turnover for the three months ended in Jun. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.405	/	0.119
	=	3.40

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.

eFleets's Inventory to Revenue for the three months ended in Jun. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.119	/	0.26
	=	0.46

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.

eFleets Days Inventory Related Terms

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

eFleets (eFleets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » eFleets Corp (GREY:EFLT) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

7660 Pebble Drive, Fort Worth, TX, USA, 76118

Website

eFleets Corp is focused on the design, development and manufacturing of an all-electric fleet vehicle for the essential services market. The company's all-electric vehicles are designed for use in traffic control/parking enforcement, security, small package delivery, military, maintenance, airport services, warehouses, and other comparable utility application. Its electric vehicles offer a zero-emission, high performance, low-maintenance and affordable alternative to specifically meet the needs of fleet vehicles in the essential services market. The company is focused on developing technology for its battery management and integrated drive system, which maximizes energy efficiency to satisfy the needs of its customers.

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