Water Ways Technologies (Water Ways Technologies) Days Inventory : 157.22 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Water Ways Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Water Ways Technologies's Average Total Inventories for the three months ended in Dec. 2023 was $2.12 Mil. Water Ways Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.23 Mil. Hence, Water Ways Technologies's Days Inventory for the three months ended in Dec. 2023 was 157.22.

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

WWTIF' s Days Inventory Range Over the Past 10 Years
Min: 36.92 Med: 43.16 Max: 138.7
Current: 138.7

During the past 13 years, Water Ways Technologies's highest Days Inventory was 138.70. The lowest was 36.92. And the median was 43.16.

WWTIF's Days Inventory is ranked worse than
60% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 132.89 vs WWTIF: 138.70

Water Ways Technologies's Days Inventory declined from Dec. 2022 (175.03) to Dec. 2023 (157.22).

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. Water Ways Technologies's Inventory Turnover for the three months ended in Dec. 2023 was 0.58.

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. Water Ways Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 3.36.

Water Ways Technologies Days Inventory Historical Data

The historical data trend for Water Ways Technologies'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.

Water Ways Technologies Days Inventory Chart

Water Ways Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

36.92

42.62

41.49

85.17

114.54

Water Ways Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															175.03	94.00	157.32	226.15	157.22

Competitive Comparison of Water Ways Technologies's Days Inventory

For the Farm & Heavy Construction Machinery subindustry, Water Ways Technologies'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.

Water Ways Technologies's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Water Ways Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Water Ways Technologies's Days Inventory falls into.

Water Ways Technologies Days Inventory Calculation

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

Water Ways Technologies'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
=	( (2.249	+	1.661)	/	2 )	/	6.23	*	365
=	1.955					/	6.23	*	365
=	114.54

Water Ways Technologies'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.574	+	1.661)	/	2 )	/	1.229	*	365 / 4
=	2.1175					/	1.229	*	365 / 4
=	157.22

Water Ways Technologies (OTCPK:WWTIF) 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.

Water Ways Technologies's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.229	/	2.1175
	=	0.58

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.

Water Ways Technologies's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.1175	/	0.631
	=	3.36

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.

Water Ways Technologies Days Inventory Related Terms

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

Water Ways Technologies (Water Ways Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Water Ways Technologies Inc (OTCPK:WWTIF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

WWT:Germany WWT:Canada

Address

77 King Street West, Suite 3000, P.O. Box 95, TD Centre, Toronto, ON, CAN, M5K 1G8

Website

https://www.water-ways-technologies.com

Water Ways Technologies Inc is an agro-tech company that specializes in providing water irrigation solutions to agricultural producers. It designs, supplies and installs an irrigation system for application in various agricultural and aquacultural operations. The company has an operation in China, Mexico, Peru, Laos, Ethiopia, and Georgia.