Glaston Oyj (OHEL:GLA1V) Days Inventory : 153.56 (As of Mar. 2024)

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What is Glaston Oyj Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Glaston Oyj's Average Total Inventories for the three months ended in Mar. 2024 was €36.2 Mil. Glaston Oyj's Cost of Goods Sold for the three months ended in Mar. 2024 was €21.5 Mil. Hence, Glaston Oyj's Days Inventory for the three months ended in Mar. 2024 was 153.56.

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

OHEL:GLA1V' s Days Inventory Range Over the Past 10 Years
Min: 58.24 Med: 113.5 Max: 622.91
Current: 622.91

During the past 13 years, Glaston Oyj's highest Days Inventory was 622.91. The lowest was 58.24. And the median was 113.50.

OHEL:GLA1V's Days Inventory is ranked worse than
98.21% of 2911 companies
in the Industrial Products industry
Industry Median: 120.21 vs OHEL:GLA1V: 622.91

Glaston Oyj's Days Inventory increased from Mar. 2023 (149.69) to Mar. 2024 (153.56). It might indicate that Glaston Oyj's sales slowed down.

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. Glaston Oyj's Inventory Turnover for the three months ended in Mar. 2024 was 0.59.

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. Glaston Oyj's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.65.

Glaston Oyj Days Inventory Historical Data

The historical data trend for Glaston Oyj'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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Glaston Oyj Days Inventory Chart

Glaston Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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100.49

152.45

115.98

111.02

131.44

Glaston Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															149.69	-	-	-	153.56

Competitive Comparison of Glaston Oyj's Days Inventory

For the Specialty Industrial Machinery subindustry, Glaston Oyj'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.

Glaston Oyj's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Glaston Oyj's Days Inventory distribution charts can be found below:

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

Glaston Oyj Days Inventory Calculation

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

Glaston Oyj's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (31.515	+	35.261)	/	2 )	/	92.714	*	365
=	33.388					/	92.714	*	365
=	131.44

Glaston Oyj's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (35.261	+	37.1)	/	2 )	/	21.5	*	365 / 4
=	36.1805					/	21.5	*	365 / 4
=	153.56

Glaston Oyj (OHEL:GLA1V) 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.

Glaston Oyj's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	21.5	/	36.1805
	=	0.59

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.

Glaston Oyj's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	36.1805	/	55.8
	=	0.65

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.

Glaston Oyj Days Inventory Related Terms

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

Glaston Oyj (OHEL:GLA1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Glaston Oyj (OHEL:GLA1V) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

KRY0:Germany

Address

Lonnrotinkatu 11, Helsinki, FIN, 00120

Website

https://www.glaston.net

Glaston Oyj is a company engaged in developing and selling glass processing machinery. Its business includes a wide and technologically advanced range of heat treatment machines, maintenance, upgrade and modernization services, and spare parts for glass flat tempering, bending, bending tempering and laminating. It also offers digital services, such as glass processing machine remote monitoring and fault analysis services, and consulting and engineering services. The company provides solutions to various industries including Architectural, Appliances, Automotive, and Solar. The business operates in three segments; Heat Treatment, Insulating Glass and Automotive and Display. The Insulating Glass segment generates the majority of its revenue.

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