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Enteq Technologies (LSE:NTQ) Days Inventory : 0.00 (As of Sep. 2023)


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What is Enteq Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Enteq Technologies's Average Total Inventories for the six months ended in Sep. 2023 was £0.00 Mil. Enteq Technologies's Cost of Goods Sold for the six months ended in Sep. 2023 was £1.07 Mil. Hence, Enteq Technologies's Days Inventory for the six months ended in Sep. 2023 was 0.00.

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

During the past 12 years, Enteq Technologies's highest Days Inventory was 931.28. The lowest was 120.47. And the median was 442.01.

LSE:NTQ's Days Inventory is not ranked *
in the Oil & Gas industry.
Industry Median: 31.29
* Ranked among companies with meaningful Days Inventory only.

Enteq Technologies's Days Inventory declined from Sep. 2022 (105.76) to Sep. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Enteq Technologies's Inventory Turnover for the six months ended in Sep. 2023 was 4,823,355,200,913,801.00.

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. Enteq Technologies's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.00.


Enteq Technologies Days Inventory Historical Data

The historical data trend for Enteq Technologies'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.

Enteq Technologies Days Inventory Chart

Enteq Technologies Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 392.46 315.12 491.55 - -

Enteq Technologies Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 357.86 - 105.76 - -

Competitive Comparison of Enteq Technologies's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Enteq Technologies'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.


Enteq Technologies's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Enteq Technologies's Days Inventory distribution charts can be found below:

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



Enteq Technologies Days Inventory Calculation

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

Enteq Technologies'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
=( (1.829 + 2.2204460492503E-16) / 2 ) / 0*365
=0.9145 / 0*365
=N/A

Enteq Technologies's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (2.2204460492503E-16 + 0) / 1 ) / 1.071*365 / 2
=2.2204460492503E-16 / 1.071*365 / 2
=0.00

* 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.


Enteq Technologies  (LSE:NTQ) 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.

Enteq Technologies's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=1.071 / 2.2204460492503E-16
=4,823,355,200,913,801.00

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.

Enteq Technologies's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=2.2204460492503E-16 / 0.625
=0.00

* 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.


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.


Enteq Technologies Days Inventory Related Terms

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


Enteq Technologies (LSE:NTQ) Business Description

Traded in Other Exchanges
N/A
Address
High Street Ascot, The Courtyard, Berkshire, GBR, SL5 7HP
Enteq Technologies PLC is engaged in providing energy technologies for directional drilling and geo-steering. It develops technologies for measurement, logging, and geo-steering while drilling wells for oil, gas, and geothermal markets. The company products include Measurement While Drilling, Downhole Connectivity Systems, Logging While Drilling, At-Bit System, the SABER Tool - Rotary Steerable System.

Enteq Technologies (LSE:NTQ) Headlines

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