Eddy Smart Home Solutions (TSXV:EDY) Days Inventory : 355.16 (As of Mar. 2024)

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What is Eddy Smart Home Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Eddy Smart Home Solutions's Average Total Inventories for the three months ended in Mar. 2024 was C$1.79 Mil. Eddy Smart Home Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.46 Mil. Hence, Eddy Smart Home Solutions's Days Inventory for the three months ended in Mar. 2024 was 355.16.

The historical rank and industry rank for Eddy Smart Home Solutions's Days Inventory or its related term are showing as below:

TSXV:EDY' s Days Inventory Range Over the Past 10 Years
Min: 449.05 Med: 725.53 Max: 993.27
Current: 449.05

During the past 4 years, Eddy Smart Home Solutions's highest Days Inventory was 993.27. The lowest was 449.05. And the median was 725.53.

TSXV:EDY's Days Inventory is ranked worse than
96.06% of 2411 companies
in the Hardware industry
Industry Median: 101.84 vs TSXV:EDY: 449.05

Eddy Smart Home Solutions's Days Inventory declined from Mar. 2023 (498.87) to Mar. 2024 (355.16).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eddy Smart Home Solutions's Inventory Turnover for the three months ended in Mar. 2024 was 0.26.

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. Eddy Smart Home Solutions's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.72.

Eddy Smart Home Solutions Days Inventory Historical Data

The historical data trend for Eddy Smart Home Solutions'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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Eddy Smart Home Solutions Days Inventory Chart

Eddy Smart Home Solutions Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

993.27

457.78

Eddy Smart Home Solutions Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial							498.87	699.01	503.76	324.31	355.16

Competitive Comparison of Eddy Smart Home Solutions's Days Inventory

For the Scientific & Technical Instruments subindustry, Eddy Smart Home Solutions'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.

Eddy Smart Home Solutions's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Eddy Smart Home Solutions's Days Inventory distribution charts can be found below:

* The bar in red indicates where Eddy Smart Home Solutions's Days Inventory falls into.

Eddy Smart Home Solutions Days Inventory Calculation

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

Eddy Smart Home Solutions'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
=	( (3.056	+	1.888)	/	2 )	/	1.971	*	365
=	2.472					/	1.971	*	365
=	457.78

Eddy Smart Home Solutions'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
=	( (1.888	+	1.685)	/	2 )	/	0.459	*	365 / 4
=	1.7865					/	0.459	*	365 / 4
=	355.16

Eddy Smart Home Solutions (TSXV:EDY) 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.

Eddy Smart Home Solutions's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.459	/	1.7865
	=	0.26

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.

Eddy Smart Home Solutions's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.7865	/	1.041
	=	1.72

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.

Eddy Smart Home Solutions Days Inventory Related Terms

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

Eddy Smart Home Solutions (TSXV:EDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eddy Smart Home Solutions Ltd (TSXV:EDY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ESHSF:USA

Address

5255 Yonge Street, Suite 900, Toronto, ON, CAN, M2N 6P4

Website

https://www.eddysolutions.com

Eddy Smart Home Solutions Ltd is a provider and developer of residential and commercial smart water metering products and monitoring services. It helps property owners to protect, control, and conserve water usage by combining water-sensing devices with behavioral learning software. The Company operates in three operating segments, which are based on the Company's organizational structure and how the information is reported internally on a regular basis. geographically the majority of revenues come from Canada.

Executives

Cory Silver

Senior Officer

Eddy Smart Home Solutions (TSXV:EDY) Headlines

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