HeiQ (STU:9JC) Days Inventory : 165.75 (As of Dec. 2023)

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What is HeiQ Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). HeiQ's Average Total Inventories for the six months ended in Dec. 2023 was €11.81 Mil. HeiQ's Cost of Goods Sold for the six months ended in Dec. 2023 was €13.00 Mil. Hence, HeiQ's Days Inventory for the six months ended in Dec. 2023 was 165.75.

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

STU:9JC' s Days Inventory Range Over the Past 10 Years
Min: 81.01 Med: 114.32 Max: 181.38
Current: 181.38

During the past 6 years, HeiQ's highest Days Inventory was 181.38. The lowest was 81.01. And the median was 114.32.

STU:9JC's Days Inventory is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 126.995 vs STU:9JC: 181.38

HeiQ's Days Inventory increased from Dec. 2022 (150.50) to Dec. 2023 (165.75). It might indicate that HeiQ's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. HeiQ's Inventory Turnover for the six months ended in Dec. 2023 was 1.10.

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. HeiQ's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.61.

HeiQ Days Inventory Historical Data

The historical data trend for HeiQ'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.

HeiQ Days Inventory Chart

HeiQ Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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81.01

88.94

139.70

160.16

140.20

HeiQ Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial							135.51	164.46	150.50	210.03	165.75

Competitive Comparison of HeiQ's Days Inventory

For the Textile Manufacturing subindustry, HeiQ'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.

HeiQ's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, HeiQ's Days Inventory distribution charts can be found below:

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

HeiQ Days Inventory Calculation

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

HeiQ's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (12.186	+	12.431)	/	2 )	/	32.044	*	365
=	12.3085					/	32.044	*	365
=	140.20

HeiQ's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (13.297	+	10.316)	/	2 )	/	13	*	365 / 2
=	11.8065					/	13	*	365 / 2
=	165.75

HeiQ (STU:9JC) 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.

HeiQ's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13	/	11.8065
	=	1.10

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.

HeiQ's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11.8065	/	19.483
	=	0.61

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.

HeiQ Days Inventory Related Terms

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

HeiQ Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » HeiQ PLC (STU:9JC) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Ruetistrasse 12, Schlieren, Zurich, CHE, 8952

Website

https://www.heiq.com

HeiQ PLC is a textile technology company. The company's activities are material innovation which focuses on scientific research, speciality materials manufacturing and consumer ingredient branding. The products include HeiQ Smart Temp, HeiQ Pure, HeiQ Fresh, antimicrobial service coatings, Prbiotics, Finished goods and others. Currently company has three operating segment : Advanced Materials, LifeSciences, Other activities. The business is spread across North America and South America, Asia, Europe, and Others. It generates maximum revenue from North and South America and maximum from Advanced Materials segment.

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