Avsalt Group AB (NGM:AVSALT) Days Inventory : 17.19 (As of Jun. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Avsalt Group AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Avsalt Group AB's Average Total Inventories for the three months ended in Jun. 2023 was kr0.15 Mil. Avsalt Group AB's Cost of Goods Sold for the three months ended in Jun. 2023 was kr0.78 Mil. Hence, Avsalt Group AB's Days Inventory for the three months ended in Jun. 2023 was 17.19.

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

NGM:AVSALT' s Days Inventory Range Over the Past 10 Years
Min: 0.95 Med: 3.74 Max: 12.03
Current: 12.03

During the past 4 years, Avsalt Group AB's highest Days Inventory was 12.03. The lowest was 0.95. And the median was 3.74.

NGM:AVSALT's Days Inventory is ranked better than
57.44% of 1560 companies
in the Software industry
Industry Median: 18.89 vs NGM:AVSALT: 12.03

Avsalt Group AB's Days Inventory increased from Jun. 2022 (4.41) to Jun. 2023 (17.19). It might indicate that Avsalt Group AB's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Avsalt Group AB's Inventory Turnover for the three months ended in Jun. 2023 was 5.31.

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. Avsalt Group AB's Inventory-to-Revenue for the three months ended in Jun. 2023 was 0.55.

Avsalt Group AB Days Inventory Historical Data

The historical data trend for Avsalt Group AB'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.

Avsalt Group AB Days Inventory Chart

Avsalt Group AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Inventory

0.95

6.53

Avsalt Group AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Inventory	Get a 7-Day Free Trial										4.41	8.56	11.87	14.63	17.19

Competitive Comparison of Avsalt Group AB's Days Inventory

For the Software - Application subindustry, Avsalt Group AB'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.

Avsalt Group AB's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Avsalt Group AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where Avsalt Group AB's Days Inventory falls into.

Avsalt Group AB Days Inventory Calculation

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

Avsalt Group AB's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.017	+	0.206)	/	2 )	/	6.236	*	365
=	0.1115					/	6.236	*	365
=	6.53

Avsalt Group AB's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.168	+	0.124)	/	2 )	/	0.775	*	365 / 4
=	0.146					/	0.775	*	365 / 4
=	17.19

Avsalt Group AB (NGM:AVSALT) 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.

Avsalt Group AB's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.775	/	0.146
	=	5.31

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.

Avsalt Group AB's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.146	/	0.267
	=	0.55

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.

Avsalt Group AB Days Inventory Related Terms

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

Avsalt Group AB (NGM:AVSALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Avsalt Group AB (NGM:AVSALT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kungsportsavenyen 21, Gothenburg, SWE, 411 36

Website

https://www.zesec.com

Zesec of Sweden is an internet of things company that offers key-free access for physical passage. It is a SaaS platform that sits on top of all existing door access systems and can open doors for everyone. It make easy to share keys and unlock doors with smartphone.

Avsalt Group AB (NGM:AVSALT) Headlines

No Headlines