ELLWEE AB (OSTO:ELLWEE) Days Inventory : 89.52 (As of Mar. 2024)

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What is ELLWEE AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ELLWEE AB's Average Total Inventories for the three months ended in Mar. 2024 was kr39.6 Mil. ELLWEE AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr40.4 Mil. Hence, ELLWEE AB's Days Inventory for the three months ended in Mar. 2024 was 89.52.

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

OSTO:ELLWEE' s Days Inventory Range Over the Past 10 Years
Min: 53.84 Med: 201.85 Max: 4647.88
Current: 57.87

During the past 5 years, ELLWEE AB's highest Days Inventory was 4647.88. The lowest was 53.84. And the median was 201.85.

OSTO:ELLWEE's Days Inventory is ranked better than
70.5% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 81.74 vs OSTO:ELLWEE: 57.87

ELLWEE AB's Days Inventory increased from Mar. 2023 (67.71) to Mar. 2024 (89.52). It might indicate that ELLWEE AB's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. ELLWEE AB's Inventory Turnover for the three months ended in Mar. 2024 was 1.02.

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. ELLWEE AB's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.89.

ELLWEE AB Days Inventory Historical Data

The historical data trend for ELLWEE 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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ELLWEE AB Days Inventory Chart

ELLWEE AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

4,647.88

342.39

61.31

53.84

ELLWEE AB Quarterly Data
	Mar19	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													67.71	37.68	49.51	75.66	89.52

Competitive Comparison of ELLWEE AB's Days Inventory

For the Auto Manufacturers subindustry, ELLWEE 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.

ELLWEE AB's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ELLWEE AB's Days Inventory distribution charts can be found below:

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

ELLWEE AB Days Inventory Calculation

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

ELLWEE AB'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
=	( (25.781	+	37.316)	/	2 )	/	213.875	*	365
=	31.5485					/	213.875	*	365
=	53.84

ELLWEE AB'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
=	( (37.316	+	41.903)	/	2 )	/	40.373	*	365 / 4
=	39.6095					/	40.373	*	365 / 4
=	89.52

ELLWEE AB (OSTO:ELLWEE) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	40.373	/	39.6095
	=	1.02

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	39.6095	/	44.588
	=	0.89

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.

ELLWEE AB Days Inventory Related Terms

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

ELLWEE AB (OSTO:ELLWEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ELLWEE AB (OSTO:ELLWEE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kardanvagen 38, Trollhattan, SWE, 461 38

Website

https://www.ellwee.com

ELLWEE AB is a automobile company. It focuses on manufacturing of light-weight electric vehicles. The company offers electric vehicles, auto parts and accessories.

ELLWEE AB (OSTO:ELLWEE) Headlines

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