Litgrid AB (OVSE:LGD1L) Days Inventory : 0.05 (As of Mar. 2024)

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What is Litgrid AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Litgrid AB's Average Total Inventories for the three months ended in Mar. 2024 was €0.0 Mil. Litgrid AB's Cost of Goods Sold for the three months ended in Mar. 2024 was €75.1 Mil. Hence, Litgrid AB's Days Inventory for the three months ended in Mar. 2024 was 0.05.

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

OVSE:LGD1L' s Days Inventory Range Over the Past 10 Years
Min: 0.03 Med: 3.18 Max: 20.75
Current: 0.03

During the past 13 years, Litgrid AB's highest Days Inventory was 20.75. The lowest was 0.03. And the median was 3.18.

OVSE:LGD1L's Days Inventory is ranked better than
99.13% of 462 companies
in the Utilities - Regulated industry
Industry Median: 23.41 vs OVSE:LGD1L: 0.03

Litgrid AB's Days Inventory increased from Mar. 2023 (0.00) to Mar. 2024 (0.05). It might indicate that Litgrid AB's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Litgrid AB's Inventory Turnover for the three months ended in Mar. 2024 was 1,832.41.

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. Litgrid AB's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.

Litgrid AB Days Inventory Historical Data

The historical data trend for Litgrid 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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Litgrid AB Days Inventory Chart

Litgrid AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1.45

0.08

0.03

Litgrid 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															-	-	0.03	0.05	0.05

Competitive Comparison of Litgrid AB's Days Inventory

For the Utilities - Regulated Electric subindustry, Litgrid 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.

Litgrid AB's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Litgrid AB's Days Inventory distribution charts can be found below:

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

Litgrid AB Days Inventory Calculation

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

Litgrid 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
=	( (0.003	+	0.041)	/	2 )	/	260.683	*	365
=	0.022					/	260.683	*	365
=	0.03

Litgrid 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
=	( (0.041	+	0.041)	/	2 )	/	75.129	*	365 / 4
=	0.041					/	75.129	*	365 / 4
=	0.05

Litgrid AB (OVSE:LGD1L) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	75.129	/	0.041
	=	1,832.41

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.041	/	112.427
	=	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.

Litgrid AB Days Inventory Related Terms

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

Litgrid AB (OVSE:LGD1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Litgrid AB (OVSE:LGD1L) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karlo Gustavo Emilio Manerheimo street 8, Vilnius, LTU, LT-05131

Website

https://www.litgrid.eu

Litgrid AB is an operator of an electricity transmission system operating electricity transmissions in Lithuania. It is responsible for integrating the national power system into the European power infrastructure and electricity market. The business activity of the group functions under various segments namely Electricity transmission and related services activities, and Other income. Geographically, the business presence of the firm is seen in the regions of Lithuania, Norway, Sweden, Latvia, Estonia and others of which the Lithuania region accounts for the majority of the revenue.

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