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Airthings ASA (STU:64J) Days Inventory : 313.27 (As of Sep. 2024)


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What is Airthings ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Airthings ASA's Average Total Inventories for the three months ended in Sep. 2024 was €12.76 Mil. Airthings ASA's Cost of Goods Sold for the three months ended in Sep. 2024 was €3.72 Mil. Hence, Airthings ASA's Days Inventory for the three months ended in Sep. 2024 was 313.27.

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

STU:64J' s Days Inventory Range Over the Past 10 Years
Min: 151.41   Med: 202.34   Max: 419.13
Current: 358.04

During the past 7 years, Airthings ASA's highest Days Inventory was 419.13. The lowest was 151.41. And the median was 202.34.

STU:64J's Days Inventory is ranked worse than
92.6% of 2904 companies
in the Industrial Products industry
Industry Median: 121.88 vs STU:64J: 358.04

Airthings ASA's Days Inventory declined from Sep. 2023 (377.08) to Sep. 2024 (313.27).

Inventory Turnover measures how fast the company turns over its inventory within a year. Airthings ASA's Inventory Turnover for the three months ended in Sep. 2024 was 0.29.

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. Airthings ASA's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.42.


Airthings ASA Days Inventory Historical Data

The historical data trend for Airthings 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.

* Premium members only.

Airthings ASA Days Inventory Chart

Airthings ASA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 203.76 200.26 220.96 371.28 441.30

Airthings ASA 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 377.08 380.16 357.59 389.53 313.27

Competitive Comparison of Airthings ASA's Days Inventory

For the Electrical Equipment & Parts subindustry, Airthings 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.


Airthings ASA's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Airthings ASA's Days Inventory distribution charts can be found below:

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



Airthings ASA Days Inventory Calculation

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

Airthings ASA'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
=( (17.665 + 14.048) / 2 ) / 13.115*365
=15.8565 / 13.115*365
=441.30

Airthings ASA'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
=( (13.051 + 12.464) / 2 ) / 3.716*365 / 4
=12.7575 / 3.716*365 / 4
=313.27

* 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.


Airthings ASA  (STU:64J) 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.

Airthings ASA's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

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.

Airthings ASA's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

* 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.


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.


Airthings ASA Days Inventory Related Terms

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


Airthings ASA Business Description

Traded in Other Exchanges
Address
Wergelandsveien 7, Oslo, NOR, 0167
Airthings ASA is a hardware-enabled software company that develops products and systems for monitoring indoor air quality, radon, and energy efficiency. The company's solutions resolve issues related to air quality and air containment and enable a reduced CO2 footprint by optimizing energy consumption for buildings. It is engaged in three business segments which include Airthings for Consumer (Consumer), Airthings for Business (AfB), and Airthings for Professionals (Pro). The majority of the revenue comes from the Airthings for Consumer segment, which offers air quality monitors and air purifiers with software solutions to enable consumers to create and maintain a healthy home environment.

Airthings ASA Headlines

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