Ever-Clear Environmental Eng (ROCO:6624) Days Inventory : 10.18 (As of Sep. 2024)

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What is Ever-Clear Environmental Eng Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ever-Clear Environmental Eng's Average Total Inventories for the three months ended in Sep. 2024 was NT$12.3 Mil. Ever-Clear Environmental Eng's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$110.6 Mil. Hence, Ever-Clear Environmental Eng's Days Inventory for the three months ended in Sep. 2024 was 10.18.

The historical rank and industry rank for Ever-Clear Environmental Eng's Days Inventory or its related term are showing as below:

ROCO:6624' s Days Inventory Range Over the Past 10 Years
Min: 1.21 Med: 9.32 Max: 29.5
Current: 8.94

During the past 11 years, Ever-Clear Environmental Eng's highest Days Inventory was 29.50. The lowest was 1.21. And the median was 9.32.

ROCO:6624's Days Inventory is ranked better than
69.86% of 219 companies
in the Waste Management industry
Industry Median: 20.88 vs ROCO:6624: 8.94

Ever-Clear Environmental Eng's Days Inventory declined from Sep. 2023 (12.14) to Sep. 2024 (10.18).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ever-Clear Environmental Eng's Inventory Turnover for the three months ended in Sep. 2024 was 8.97.

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. Ever-Clear Environmental Eng's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.09.

Ever-Clear Environmental Eng Days Inventory Historical Data

The historical data trend for Ever-Clear Environmental Eng'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.

* Premium members only.

Ever-Clear Environmental Eng Days Inventory Chart

Ever-Clear Environmental Eng Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1.53

2.13

1.21

7.25

11.30

Ever-Clear Environmental Eng Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															12.14	5.93	19.05	7.74	10.18

Competitive Comparison of Ever-Clear Environmental Eng's Days Inventory

For the Waste Management subindustry, Ever-Clear Environmental Eng'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.

Ever-Clear Environmental Eng's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Ever-Clear Environmental Eng's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ever-Clear Environmental Eng's Days Inventory falls into.

Ever-Clear Environmental Eng Days Inventory Calculation

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

Ever-Clear Environmental Eng'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
=	( (13.306	+	12.442)	/	2 )	/	415.738	*	365
=	12.874					/	415.738	*	365
=	11.30

Ever-Clear Environmental Eng's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (12.108	+	12.557)	/	2 )	/	110.596	*	365 / 4
=	12.3325					/	110.596	*	365 / 4
=	10.18

Ever-Clear Environmental Eng (ROCO:6624) 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.

Ever-Clear Environmental Eng's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	110.596	/	12.3325
	=	8.97

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.

Ever-Clear Environmental Eng's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.3325	/	132.869
	=	0.09

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.

Ever-Clear Environmental Eng Days Inventory Related Terms

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Ever-Clear Environmental Eng Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Ever-Clear Environmental Eng Corp (ROCO:6624) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 12, Shihjheng S. 1st Road, 3rd Floor-1, Taichung, TWN, 407

Website

http://www.ever-clear.com.tw

Ever-Clear Environmental Eng Corp is a Taiwan-based wastewater management company. It engages in the evaluation, planning, and design of industrial wastewater, sewage, sludge, supply water, underground water and organic gas emission treatment processes.

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