Days Inventory is also known as Days Sales of Inventory (DSI). EcoSynthetix's Average Total Inventories for the
three
months ended in Dec. 2024 was C$3.53 Mil. EcoSynthetix's Cost of Goods Sold for the
three
months ended in Dec. 2024 was C$5.50 Mil.
Hence, EcoSynthetix's Days Inventory for the
three
months ended in Dec. 2024 was 58.50.
The historical rank and industry rank for EcoSynthetix's Days Inventory or its related term are showing as below:
TSX:ECO'
s Days Inventory Range Over the Past 10 Years
Min: 51.18 Med: 81.01 Max: 166.76
Current: 76.12
During the past 13 years, EcoSynthetix's highest Days Inventory was 166.76. The lowest was 51.18. And the median was 81.01.
TSX:ECO's Days Inventory is ranked better than 52.17% of 1499
companies
in the Chemicals industry
Industry Median: 78.36
vs TSX:ECO: 76.12
EcoSynthetix's Days Inventory
declined
from Dec. 2023 (148.23) to Dec. 2024 (58.50).
Inventory Turnover measures how fast the company turns over its inventory within a year.
EcoSynthetix's Inventory Turnover for the
three
months ended in Dec. 2024 was 1.56.
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.
EcoSynthetix's Inventory-to-Revenue for the
three
months ended in Dec. 2024 was 0.46.
EcoSynthetix Days Inventory Historical Data
The historical data trend for EcoSynthetix'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.
Competitive Comparison of EcoSynthetix's Days Inventory
For the Specialty Chemicals subindustry, EcoSynthetix'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.
EcoSynthetix's Days Inventory Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, EcoSynthetix's Days Inventory distribution charts can be found below:
* The bar in red indicates where EcoSynthetix's Days Inventory falls into.
EcoSynthetix Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
EcoSynthetix's Days Inventory for the fiscal year that ended in Dec. 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.
EcoSynthetix (TSX:ECO) 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.
EcoSynthetix's Inventory Turnover for the
three
months ended in Dec. 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.
EcoSynthetix's Inventory to Revenue for the
three
months ended in Dec. 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.
EcoSynthetix Days Inventory Related Terms
Thank you for viewing the detailed overview of EcoSynthetix's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
EcoSynthetix Inc is a renewable chemicals company. It is engaged in the development and commercialization of ecologically friendly bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products. The company operates in one reportable segment and generates revenue from its biopolymer nanosphere technology platform. Its products include EcoSphere biolatex and DuraBindTM biopolymers. EcoSphere biolatex binders are used by manufacturers within the coated paper and paperboard industry, whereas the DuraBindTM is used in the production of wood composite panels. Geographically it has a business presence in the America, Africa (EMEA), and the Asia Pacific.
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