Everfuel AS (OSL:EFUEL) Days Inventory : 10.12 (As of Jun. 2024)

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What is Everfuel AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Everfuel AS's Average Total Inventories for the three months ended in Jun. 2024 was kr0.37 Mil. Everfuel AS's Cost of Goods Sold for the three months ended in Jun. 2024 was kr3.31 Mil. Hence, Everfuel AS's Days Inventory for the three months ended in Jun. 2024 was 10.12.

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

OSL:EFUEL' s Days Inventory Range Over the Past 10 Years
Min: 3.23 Med: 7.67 Max: 12.1
Current: 6.55

During the past 7 years, Everfuel AS's highest Days Inventory was 12.10. The lowest was 3.23. And the median was 7.67.

OSL:EFUEL's Days Inventory is ranked better than
99.47% of 1504 companies
in the Chemicals industry
Industry Median: 80.775 vs OSL:EFUEL: 6.55

Everfuel AS's Days Inventory increased from Jun. 2023 (5.94) to Jun. 2024 (10.12). It might indicate that Everfuel AS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Everfuel AS's Inventory Turnover for the three months ended in Jun. 2024 was 9.02.

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. Everfuel AS's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.04.

Everfuel AS Days Inventory Historical Data

The historical data trend for Everfuel AS'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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Everfuel AS Days Inventory Chart

Everfuel AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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12.10

3.23

Everfuel AS Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Inventory	Get a 7-Day Free Trial															5.94	3.44	-	6.64	10.12

Competitive Comparison of Everfuel AS's Days Inventory

For the Specialty Chemicals subindustry, Everfuel AS'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.

Everfuel AS's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Everfuel AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Everfuel AS's Days Inventory falls into.

Everfuel AS Days Inventory Calculation

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

Everfuel AS'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
=	( (1.361	+	0.391)	/	2 )	/	98.89	*	365
=	0.876					/	98.89	*	365
=	3.23

Everfuel AS's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.369	+	0.366)	/	2 )	/	3.314	*	365 / 4
=	0.3675					/	3.314	*	365 / 4
=	10.12

Everfuel AS (OSL:EFUEL) 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.

Everfuel AS's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.314	/	0.3675
	=	9.02

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.

Everfuel AS's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.3675	/	9.53
	=	0.04

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.

Everfuel AS Days Inventory Related Terms

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

Everfuel AS Business Description

Industry

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Traded in Other Exchanges

0HR:Germany

Address

Ost Hogildvej 4A, Herning, DNK, 7400

Website

https://www.everfuel.com

Everfuel AS owns and operates green hydrogen infrastructure and partners with vehicle OEMs to connect the entire hydrogen value chain and provide hydrogen fuel to enterprise customers under long-term contracts. The company operates hydrogen production (electrolyzers), hydrogen distribution, and hydrogen stations, serving mobility customers and industrial stakeholders with hydrogen on competitive, commercial terms. It offers all-inclusive hydrogen fueling solutions to buses, trucks, and taxis and delivery to vans, trains, private cars, and marine, as well as for industry stakeholders working with alternative hydrogen-based green fuels and Power to X-products.

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