Eqva ASA (OSL:EQVA) Days Inventory : 18.14 (As of Dec. 2023)

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What is Eqva ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Eqva ASA's Average Total Inventories for the six months ended in Dec. 2023 was kr8.1 Mil. Eqva ASA's Cost of Goods Sold for the six months ended in Dec. 2023 was kr81.2 Mil. Hence, Eqva ASA's Days Inventory for the six months ended in Dec. 2023 was 18.14.

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

OSL:EQVA' s Days Inventory Range Over the Past 10 Years
Min: 5.83 Med: 26.55 Max: 49.62
Current: 13.17

During the past 13 years, Eqva ASA's highest Days Inventory was 49.62. The lowest was 5.83. And the median was 26.55.

OSL:EQVA's Days Inventory is ranked better than
72.73% of 330 companies
in the Utilities - Independent Power Producers industry
Industry Median: 30.765 vs OSL:EQVA: 13.17

Eqva ASA's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (18.14). It might indicate that Eqva ASA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eqva ASA's Inventory Turnover for the six months ended in Dec. 2023 was 10.06.

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. Eqva ASA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.03.

Eqva ASA Days Inventory Historical Data

The historical data trend for Eqva ASA'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.

Eqva ASA Days Inventory Chart

Eqva ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

38.31

36.38

5.83

38.37

12.89

Eqva ASA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															9.99	28.26	-	11.29	18.14

Competitive Comparison of Eqva ASA's Days Inventory

For the Utilities - Renewable subindustry, Eqva ASA'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.

Eqva ASA's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Eqva ASA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Eqva ASA's Days Inventory falls into.

Eqva ASA Days Inventory Calculation

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

Eqva ASA'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
=	( (13.681	+	5.78)	/	2 )	/	275.452	*	365
=	9.7305					/	275.452	*	365
=	12.89

Eqva ASA's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (10.361	+	5.78)	/	2 )	/	81.184	*	365 / 2
=	8.0705					/	81.184	*	365 / 2
=	18.14

Eqva ASA (OSL:EQVA) 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.

Eqva ASA's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	81.184	/	8.0705
	=	10.06

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.

Eqva ASA's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.0705	/	234.954
	=	0.03

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.

Eqva ASA Days Inventory Related Terms

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

Eqva ASA (OSL:EQVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Eqva ASA (OSL:EQVA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

EQVAo:Sweden 1H2:Germany

Address

Mjolstadnesvegen, Fosnavag, NOR, 6092

Website

https://www.eqva.no

Eqva ASA is a knowledge-based active owner of engineering, construction, and service companies that contribute to the green transition in maritime, power-intensive, and renewable industries. It aims to become a fully integrated service and maintenance supplier for the Norwegian land-based and maritime industry. The business is organized into two business segments: Maritime Services and Products, solutions & renewables. The company's majority of its revenue comes from the Maritime Services segment.

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