Earth Science Tech (Earth Science Tech) Days Inventory : 19.57 (As of Dec. 2023)

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What is Earth Science Tech Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Earth Science Tech's Average Total Inventories for the three months ended in Dec. 2023 was $0.30 Mil. Earth Science Tech's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.41 Mil. Hence, Earth Science Tech's Days Inventory for the three months ended in Dec. 2023 was 19.57.

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

ETST' s Days Inventory Range Over the Past 10 Years
Min: 29.03 Med: 158.58 Max: 1118.7
Current: 29.03

During the past 11 years, Earth Science Tech's highest Days Inventory was 1118.70. The lowest was 29.03. And the median was 158.58.

ETST's Days Inventory is ranked better than
97.12% of 973 companies
in the Drug Manufacturers industry
Industry Median: 157.54 vs ETST: 29.03

Earth Science Tech's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (19.57). It might indicate that Earth Science Tech's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Earth Science Tech's Inventory Turnover for the three months ended in Dec. 2023 was 4.66.

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. Earth Science Tech's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.08.

Earth Science Tech Days Inventory Historical Data

The historical data trend for Earth Science Tech'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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Earth Science Tech Days Inventory Chart

Earth Science Tech Annual Data

Trend

Mar13

Mar14

Mar15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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113.49

132.73

153.59

349.13

135.19

Earth Science Tech 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															-	35.10	71.97	19.12	19.57

Competitive Comparison of Earth Science Tech's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Earth Science Tech'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.

Earth Science Tech's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Earth Science Tech's Days Inventory distribution charts can be found below:

* The bar in red indicates where Earth Science Tech's Days Inventory falls into.

Earth Science Tech Days Inventory Calculation

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

Earth Science Tech's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0	+	0.01)	/	1 )	/	0.027	*	365
=	0.01					/	0.027	*	365
=	135.19

Earth Science Tech'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
=	( (0.211	+	0.395)	/	2 )	/	1.413	*	365 / 4
=	0.303					/	1.413	*	365 / 4
=	19.57

Earth Science Tech (OTCPK:ETST) 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.

Earth Science Tech's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.413	/	0.303
	=	4.66

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.

Earth Science Tech's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.303	/	3.79
	=	0.08

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.

Earth Science Tech Days Inventory Related Terms

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

Earth Science Tech (Earth Science Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Earth Science Tech Inc (OTCPK:ETST) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

8950 SW 74th CT, Suite 101, Miami, FL, USA, 33156

Website

https://www.earthsciencetech.com

Earth Science Tech Inc is a diversified holding company. Currently, the company is focused on emerging prospects in the health and wellness industry.

Executives

Giorgio R. Saumat	director	449 ESPLANADE DR, MIAMI SPRINGS FL 33166
Majorca Group, Ltd.	10 percent owner	1621 CENTRAL AVE, CHEYENNE WY 90501
David Barbash	officer: Chief Sales Officer	109 SWIFT CREEK CROSSING, DURHAM NC 27713
Nickolas Salomon Tabraue	director, officer: President & Chairman	4100 SALZEDO STREET, UNIT 420, CORAL GABLES FL 33146
Wendell Hecker	officer: CFO	2606 NW 104 TH AVE #410, SUNRISE FL 33322
Gregg Gagan Hunter	director, officer: COO & Director	774 86TH STREET, MIAMI FL 33138
Michel Aube	officer: CEO & CSO	8837,RUE DE CHAMP D'EAU, MONTR?AL A8 HIP 3A6
Matthew Cohen	officer: CEO & CFO	1702 COSTA DEL SOL, BOCA RATON FL 33432
Thomas H Wright	director, officer: Chief Operating Officer	1600 SOUTH DIXIE HWY., SUITE 300, BOCA RATON FL 33432
Harvey Katz	officer: CEO	2255 GLADES ROAD, #324A, BOCA RATON FL 33431
Issa El-cheikh	director, officer: President	40 EAST MAIN STREET #998, NEWARK DE 19711
Great Lakes Holdings Group, Llc	10 percent owner	3825 HUNTINGTON AVENUE, WINDSOR A6 N9E3N4