Binero Group AB (OSTO:BINERO) Days Inventory : 1.30 (As of Dec. 2024)

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What is Binero Group AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Binero Group AB's Average Total Inventories for the six months ended in Dec. 2024 was kr0.4 Mil. Binero Group AB's Cost of Goods Sold for the six months ended in Dec. 2024 was kr54.4 Mil. Hence, Binero Group AB's Days Inventory for the six months ended in Dec. 2024 was 1.30.

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

OSTO:BINERO' s Days Inventory Range Over the Past 10 Years
Min: 1.35 Med: 2.21 Max: 4.59
Current: 4.59

During the past 13 years, Binero Group AB's highest Days Inventory was 4.59. The lowest was 1.35. And the median was 2.21.

OSTO:BINERO's Days Inventory is ranked better than
73.55% of 1588 companies
in the Software industry
Industry Median: 20.475 vs OSTO:BINERO: 4.59

Binero Group AB's Days Inventory declined from Dec. 2023 (17.22) to Dec. 2024 (1.30).

Inventory Turnover measures how fast the company turns over its inventory within a year. Binero Group AB's Inventory Turnover for the six months ended in Dec. 2024 was 140.21.

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. Binero Group AB's Inventory-to-Revenue for the six months ended in Dec. 2024 was 0.00.

Binero Group AB Days Inventory Historical Data

The historical data trend for Binero 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.

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Binero Group AB Days Inventory Chart

Binero Group AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

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3.06

1.35

Binero Group AB Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Inventory	Get a 7-Day Free Trial															-	-	17.22	7.83	1.30

Competitive Comparison of Binero Group AB's Days Inventory

For the Software - Infrastructure subindustry, Binero 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.

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

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

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

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Binero Group AB Days Inventory Calculation

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

Binero Group AB's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (2.369	+	0.388)	/	2 )	/	373.741	*	365
=	1.3785					/	373.741	*	365
=	1.35

Binero Group AB's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (0	+	0.388)	/	1 )	/	54.4	*	365 / 2
=	0.388					/	54.4	*	365 / 2
=	1.30

Binero Group AB (OSTO:BINERO) 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.

Binero Group AB's Inventory Turnover for the six months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	54.4	/	0.388
	=	140.21

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.

Binero Group AB's Inventory to Revenue for the six months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.388	/	212.3
	=	0.00

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.

Binero Group AB Days Inventory Related Terms

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

Binero Group AB Business Description

Industry

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Address

Gustavslundsvagen 141A, Bromma, Stockholm, SWE, 167 51

Website

https://www.binerogroup.com

Binero Group AB is a Swedish provider of digital infrastructure services for small and medium-sized companies. The company's offer includes, among other things, the development and management of a company's IT infrastructure as well as its own public cloud service, called IaaS (infrastructure as a service) that goes by the name of binero cloud. The company also operates several datacenters, where the waste heat is recycled and distributed into the district heating system.

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