Progressive Planet Solutions (FRA:ARB3) Days Inventory : 77.56 (As of Jan. 2024)

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What is Progressive Planet Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Progressive Planet Solutions's Average Total Inventories for the three months ended in Jan. 2024 was €1.89 Mil. Progressive Planet Solutions's Cost of Goods Sold for the three months ended in Jan. 2024 was €2.22 Mil. Hence, Progressive Planet Solutions's Days Inventory for the three months ended in Jan. 2024 was 77.56.

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

FRA:ARB3' s Days Inventory Range Over the Past 10 Years
Min: 75.73 Med: 217.52 Max: 355.19
Current: 75.73

During the past 13 years, Progressive Planet Solutions's highest Days Inventory was 355.19. The lowest was 75.73. And the median was 217.52.

FRA:ARB3's Days Inventory is ranked better than
57.23% of 664 companies
in the Metals & Mining industry
Industry Median: 88.535 vs FRA:ARB3: 75.73

Progressive Planet Solutions's Days Inventory declined from Jan. 2023 (101.00) to Jan. 2024 (77.56).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Progressive Planet Solutions's Inventory Turnover for the three months ended in Jan. 2024 was 1.18.

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. Progressive Planet Solutions's Inventory-to-Revenue for the three months ended in Jan. 2024 was 0.57.

Progressive Planet Solutions Days Inventory Historical Data

The historical data trend for Progressive Planet Solutions'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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Progressive Planet Solutions Days Inventory Chart

Progressive Planet Solutions Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Inventory

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355.19

83.31

Progressive Planet Solutions Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial															101.00	85.59	72.68	64.18	77.56

Competitive Comparison of Progressive Planet Solutions's Days Inventory

For the Other Industrial Metals & Mining subindustry, Progressive Planet Solutions'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.

Progressive Planet Solutions's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Progressive Planet Solutions's Days Inventory distribution charts can be found below:

* The bar in red indicates where Progressive Planet Solutions's Days Inventory falls into.

Progressive Planet Solutions Days Inventory Calculation

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

Progressive Planet Solutions's Days Inventory for the fiscal year that ended in Apr. 2023 is calculated as

	Days Inventory (A: Apr. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (2.39	+	2.06)	/	2 )	/	9.748	*	365
=	2.225					/	9.748	*	365
=	83.31

Progressive Planet Solutions's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

	Days Inventory (Q: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (1.85	+	1.924)	/	2 )	/	2.22	*	365 / 4
=	1.887					/	2.22	*	365 / 4
=	77.56

Progressive Planet Solutions (FRA:ARB3) 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.

Progressive Planet Solutions's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.22	/	1.887
	=	1.18

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.

Progressive Planet Solutions's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.887	/	3.292
	=	0.57

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.

Progressive Planet Solutions Days Inventory Related Terms

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

Progressive Planet Solutions (FRA:ARB3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Progressive Planet Solutions Inc (FRA:ARB3) » Definitions » Days Inventory

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Traded in Other Exchanges

ASHXF:USA PLAN:Canada

Address

724 East Sarcee Street, Kamloops, BC, CAN, V2H 1E7

Website

https://www.progressiveplanet.ca

Progressive Planet Solutions Inc is a leader in supplying solutions for a livable planet by developing low-carbon, pozzolan-based, cementing products that replace equivalent amounts of Portland Cement and fly ash in concrete. Progressive Planet operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, British Columbia, and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC, and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and U.S. markets.

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