Eitzen Chemical ASA (OSTO:ECHEMO) Days Inventory : 16.78 (As of Jun. 2020)

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What is Eitzen Chemical ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Eitzen Chemical ASA's Average Total Inventories for the three months ended in Jun. 2020 was kr97 Mil. Eitzen Chemical ASA's Cost of Goods Sold for the three months ended in Jun. 2020 was kr530 Mil. Hence, Eitzen Chemical ASA's Days Inventory for the three months ended in Jun. 2020 was 16.78.

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

OSTO:ECHEMO' s Days Inventory Range Over the Past 10 Years
Min: 11.49 Med: 14.16 Max: 19.4
Current: 14.39

During the past 13 years, Eitzen Chemical ASA's highest Days Inventory was 19.40. The lowest was 11.49. And the median was 14.16.

OSTO:ECHEMO's Days Inventory is not ranked
in the Transportation industry.
Industry Median: 11.49 vs OSTO:ECHEMO: 14.39

Eitzen Chemical ASA's Days Inventory increased from Jun. 2019 (16.22) to Jun. 2020 (16.78). It might indicate that Eitzen Chemical ASA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eitzen Chemical ASA's Inventory Turnover for the three months ended in Jun. 2020 was 5.44.

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. Eitzen Chemical ASA's Inventory-to-Revenue for the three months ended in Jun. 2020 was 0.15.

Eitzen Chemical ASA Days Inventory Historical Data

The historical data trend for Eitzen Chemical 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.

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Eitzen Chemical ASA Days Inventory Chart

Eitzen Chemical ASA Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Inventory

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11.53

11.49

12.64

13.23

14.97

Eitzen Chemical ASA Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Days Inventory	Get a 7-Day Free Trial															16.22	14.25	14.26	13.29	16.78

Competitive Comparison of Eitzen Chemical ASA's Days Inventory

For the Marine Shipping subindustry, Eitzen Chemical 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.

Eitzen Chemical ASA's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Eitzen Chemical ASA's Days Inventory distribution charts can be found below:

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

Eitzen Chemical ASA Days Inventory Calculation

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

Eitzen Chemical ASA's Days Inventory for the fiscal year that ended in Dec. 2019 is calculated as

	Days Inventory (A: Dec. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (126.194	+	107.638)	/	2 )	/	2851.105	*	365
=	116.916					/	2851.105	*	365
=	14.97

Eitzen Chemical ASA's Days Inventory for the quarter that ended in Jun. 2020 is calculated as:

	Days Inventory (Q: Jun. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2020 )	+	Total Inventories (Q: Jun. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
=	( (105.209	+	89.734)	/	2 )	/	530.197	*	365 / 4
=	97.4715					/	530.197	*	365 / 4
=	16.78

Eitzen Chemical ASA (OSTO:ECHEMO) 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.

Eitzen Chemical ASA's Inventory Turnover for the three months ended in Jun. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	530.197	/	97.4715
	=	5.44

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.

Eitzen Chemical ASA's Inventory to Revenue for the three months ended in Jun. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	97.4715	/	659.541
	=	0.15

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.

Eitzen Chemical ASA Days Inventory Related Terms

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Eitzen Chemical ASA (OSTO:ECHEMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Eitzen Chemical ASA (OSTO:ECHEMO) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

20 Reid Street, Williams House, 4th Floor, Hamilton, BMU, HM 11

Website

https://www.teamtankers.com

Team Tankers International Ltd is a marine chemical and related products transportation company. It operates through chemical tanker segment and engaged in the transportation of organic chemicals, non-organic chemicals, clean and dirty petroleum products, vegetable oils and lube oils. The geographical area of operation include USA, Europe, Asia, Africa, North America and Oceania of which the USA delivers major revenue for the company.

Eitzen Chemical ASA (OSTO:ECHEMO) Headlines

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