Scandinavian Enviro Systems AB (OSTO:SES) Days Inventory : 177.76 (As of Mar. 2024)

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What is Scandinavian Enviro Systems AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Scandinavian Enviro Systems AB's Average Total Inventories for the three months ended in Mar. 2024 was kr2.53 Mil. Scandinavian Enviro Systems AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr1.30 Mil. Hence, Scandinavian Enviro Systems AB's Days Inventory for the three months ended in Mar. 2024 was 177.76.

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

OSTO:SES' s Days Inventory Range Over the Past 10 Years
Min: 164.46 Med: 311.52 Max: 34380.19
Current: 336.45

During the past 12 years, Scandinavian Enviro Systems AB's highest Days Inventory was 34380.19. The lowest was 164.46. And the median was 311.52.

OSTO:SES's Days Inventory is ranked worse than
98.1% of 210 companies
in the Waste Management industry
Industry Median: 22.63 vs OSTO:SES: 336.45

Scandinavian Enviro Systems AB's Days Inventory declined from Mar. 2023 (528.02) to Mar. 2024 (177.76).

Inventory Turnover measures how fast the company turns over its inventory within a year. Scandinavian Enviro Systems AB's Inventory Turnover for the three months ended in Mar. 2024 was 0.51.

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. Scandinavian Enviro Systems AB's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.04.

Scandinavian Enviro Systems AB Days Inventory Historical Data

The historical data trend for Scandinavian Enviro Systems 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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Scandinavian Enviro Systems AB Days Inventory Chart

Scandinavian Enviro Systems AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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291.19

34,380.19

822.56

387.89

506.66

Scandinavian Enviro Systems AB Quarterly Data
	Jun19	Sep19	Dec19	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															528.02	370.80	502.88	736.31	177.76

Competitive Comparison of Scandinavian Enviro Systems AB's Days Inventory

For the Waste Management subindustry, Scandinavian Enviro Systems 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.

Scandinavian Enviro Systems AB's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Scandinavian Enviro Systems AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where Scandinavian Enviro Systems AB's Days Inventory falls into.

Scandinavian Enviro Systems AB Days Inventory Calculation

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

Scandinavian Enviro Systems 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
=	( (2.091	+	2.115)	/	2 )	/	1.515	*	365
=	2.103					/	1.515	*	365
=	506.66

Scandinavian Enviro Systems 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
=	( (2.115	+	2.946)	/	2 )	/	1.299	*	365 / 4
=	2.5305					/	1.299	*	365 / 4
=	177.76

Scandinavian Enviro Systems AB (OSTO:SES) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.299	/	2.5305
	=	0.51

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.5305	/	57.625
	=	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.

Scandinavian Enviro Systems AB Days Inventory Related Terms

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

Scandinavian Enviro Systems AB (OSTO:SES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Scandinavian Enviro Systems AB (OSTO:SES) » Definitions » Days Inventory

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1HR:Germany

Address

Regnbagsgatan 8C, Goteborg, SWE, 417 55

Website

http://www.envirosystems.se

Scandinavian Enviro Systems AB functions as a recycling company in Sweden. Its technology enables changing the chemical composition and the physical phase of the tire material during the process. The company operates Modular Recycling Facilities for recovering carbon black, oil, steel and gas from waste tires.