Thinc Collective AB (XSAT:THINC) Days Inventory : 0.19 (As of Jun. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Thinc Collective AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Thinc Collective AB's Average Total Inventories for the three months ended in Jun. 2024 was kr0.1 Mil. Thinc Collective AB's Cost of Goods Sold for the three months ended in Jun. 2024 was kr69.8 Mil. Hence, Thinc Collective AB's Days Inventory for the three months ended in Jun. 2024 was 0.19.

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

XSAT:THINC' s Days Inventory Range Over the Past 10 Years
Min: 0.18 Med: 0.56 Max: 1.42
Current: 0.18

During the past 7 years, Thinc Collective AB's highest Days Inventory was 1.42. The lowest was 0.18. And the median was 0.56.

XSAT:THINC's Days Inventory is ranked better than
96.54% of 1562 companies
in the Software industry
Industry Median: 18.635 vs XSAT:THINC: 0.18

Thinc Collective AB's Days Inventory increased from Jun. 2023 (0.17) to Jun. 2024 (0.19). It might indicate that Thinc Collective AB's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Thinc Collective AB's Inventory Turnover for the three months ended in Jun. 2024 was 484.71.

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. Thinc Collective AB's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.00.

Thinc Collective AB Days Inventory Historical Data

The historical data trend for Thinc Collective 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.

Thinc Collective AB Days Inventory Chart

Thinc Collective AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

1.42

0.83

0.28

0.20

Thinc Collective AB Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Inventory	Get a 7-Day Free Trial															0.17	0.15	0.23	0.18	0.19

Competitive Comparison of Thinc Collective AB's Days Inventory

For the Software - Application subindustry, Thinc Collective 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.

Thinc Collective AB's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Thinc Collective AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where Thinc Collective AB's Days Inventory falls into.

Thinc Collective AB Days Inventory Calculation

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

Thinc Collective AB'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
=	( (0.118	+	0.144)	/	2 )	/	234.987	*	365
=	0.131					/	234.987	*	365
=	0.20

Thinc Collective AB's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.144	+	0.144)	/	2 )	/	69.798	*	365 / 4
=	0.144					/	69.798	*	365 / 4
=	0.19

Thinc Collective AB (XSAT:THINC) 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.

Thinc Collective AB's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	69.798	/	0.144
	=	484.71

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.

Thinc Collective AB's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.144	/	76.849
	=	0.00

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.

Thinc Collective AB Days Inventory Related Terms

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

Thinc Collective AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinc Collective AB (XSAT:THINC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Södra Hamngatan 35, Gothenburg, SWE, 411 10

Website

https://www.thinccollective.se

Thinc Collective AB is a Swedish software as a service company that develops event management systems. The group offers a group of companies within systems, communication and structure. The companies thinks up and implements ideas for its customers. Its areas of expertise range from data, analysis, technology development, SaaS systems for communication, media, PR, brand experience and financial information. The group targets customers regardless of industry with a need for coherent communication. Thinc Collective operates within the Nordic region.

Thinc Collective AB Headlines

No Headlines