Absolicon Solar Collector AB (XSAT:ABSL B) Days Inventory : 1,767.12 (As of Mar. 2024)

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What is Absolicon Solar Collector AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Absolicon Solar Collector AB's Average Total Inventories for the three months ended in Mar. 2024 was kr13.98 Mil. Absolicon Solar Collector AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr0.72 Mil. Hence, Absolicon Solar Collector AB's Days Inventory for the three months ended in Mar. 2024 was 1,767.12.

The historical rank and industry rank for Absolicon Solar Collector AB's Days Inventory or its related term are showing as below:

During the past 8 years, Absolicon Solar Collector AB's highest Days Inventory was 15262.17. The lowest was 270.11. And the median was 7766.14.

XSAT:ABSL B's Days Inventory is not ranked ^*
in the Semiconductors industry.
Industry Median: 130.22
* Ranked among companies with meaningful Days Inventory only.

Absolicon Solar Collector AB's Days Inventory increased from Dec. 2022 (0.00) to Mar. 2024 (1,767.12). It might indicate that Absolicon Solar Collector AB's sales slowed down.

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. Absolicon Solar Collector AB's Inventory Turnover for the three months ended in Mar. 2024 was 0.05.

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. Absolicon Solar Collector AB's Inventory-to-Revenue for the three months ended in Mar. 2024 was 7.04.

Absolicon Solar Collector AB Days Inventory Historical Data

The historical data trend for Absolicon Solar Collector AB'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.

Absolicon Solar Collector AB Days Inventory Chart

Absolicon Solar Collector AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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270.11

15,262.17

Absolicon Solar Collector AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	1,767.12

Competitive Comparison of Absolicon Solar Collector AB's Days Inventory

For the Solar subindustry, Absolicon Solar Collector AB'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.

Absolicon Solar Collector AB's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Absolicon Solar Collector AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where Absolicon Solar Collector AB's Days Inventory falls into.

Absolicon Solar Collector AB Days Inventory Calculation

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

Absolicon Solar Collector AB'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
=	( (2.113	+	10.865)	/	2 )	/	-3.57	*	365
=	6.489					/	-3.57	*	365
=	N/A

Absolicon Solar Collector AB'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (14.565	+	13.399)	/	2 )	/	0.722	*	365 / 4
=	13.982					/	0.722	*	365 / 4
=	1,767.12

Absolicon Solar Collector AB (XSAT:ABSL B) 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.

Absolicon Solar Collector AB's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.722	/	13.982
	=	0.05

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.

Absolicon Solar Collector AB's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	13.982	/	1.985
	=	7.04

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.

Absolicon Solar Collector AB Days Inventory Related Terms

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

Absolicon Solar Collector AB (XSAT:ABSL B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Absolicon Solar Collector AB (XSAT:ABSL B) » Definitions » Days Inventory

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ZY0:Germany

Address

Fiskaregatan 11, Harnosand, SWE, 871 33

Website

http://www.absolicon.com

Absolicon Solar Collector AB is a supplier of solar concentrators. The company is engaged in developing, manufacturing and selling solar energy systems. Its solar heat is used in Apartments, Solar district heating, Food industry, Hospitals, Hotels, Power Plant and Sports centers. It operates in approximately 3 continents.

Absolicon Solar Collector AB (XSAT:ABSL B) Headlines

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