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Greenwave Technology Solutions (Greenwave Technology Solutions) Days Inventory : 2.88 (As of Dec. 2023)


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What is Greenwave Technology Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Greenwave Technology Solutions's Average Total Inventories for the three months ended in Dec. 2023 was $0.17 Mil. Greenwave Technology Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was $5.50 Mil. Hence, Greenwave Technology Solutions's Days Inventory for the three months ended in Dec. 2023 was 2.88.

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

GWAV' s Days Inventory Range Over the Past 10 Years
Min: 3.36   Med: 4.84   Max: 26.55
Current: 3.96

During the past 11 years, Greenwave Technology Solutions's highest Days Inventory was 26.55. The lowest was 3.36. And the median was 4.84.

GWAV's Days Inventory is ranked better than
89.52% of 210 companies
in the Waste Management industry
Industry Median: 24.44 vs GWAV: 3.96

Greenwave Technology Solutions's Days Inventory declined from Dec. 2022 (9.46) to Dec. 2023 (2.88).

Inventory Turnover measures how fast the company turns over its inventory within a year. Greenwave Technology Solutions's Inventory Turnover for the three months ended in Dec. 2023 was 31.69.

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. Greenwave Technology Solutions's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.


Greenwave Technology Solutions Days Inventory Historical Data

The historical data trend for Greenwave Technology 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.

* Premium members only.

Greenwave Technology Solutions Days Inventory Chart

Greenwave Technology Solutions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 26.55 4.84 3.36

Greenwave Technology Solutions 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.46 7.22 4.57 2.32 2.88

Competitive Comparison of Greenwave Technology Solutions's Days Inventory

For the Waste Management subindustry, Greenwave Technology 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.


Greenwave Technology Solutions's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Greenwave Technology Solutions's Days Inventory distribution charts can be found below:

* The bar in red indicates where Greenwave Technology Solutions's Days Inventory falls into.



Greenwave Technology Solutions Days Inventory Calculation

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

Greenwave Technology 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
=( (0.19 + 0.2) / 2 ) / 21.185*365
=0.195 / 21.185*365
=3.36

Greenwave Technology Solutions'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
=( (0.147 + 0.2) / 2 ) / 5.499*365 / 4
=0.1735 / 5.499*365 / 4
=2.88

* 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.


Greenwave Technology Solutions  (NAS:GWAV) 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.

Greenwave Technology Solutions's Inventory Turnover for the three months ended in Dec. 2023 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.

Greenwave Technology Solutions's Inventory to Revenue for the three months ended in Dec. 2023 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.


Greenwave Technology Solutions Days Inventory Related Terms

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


Greenwave Technology Solutions (Greenwave Technology Solutions) Business Description

Traded in Other Exchanges
N/A
Address
4016 Raintree Road, Suite 300, Chesapeake, VA, USA, 23321
Greenwave Technology Solutions Inc, through its subsidiary, is an operator of several metal recycling facilities in Virginia and North Carolina. At these facilities, the company is involved in collecting, classifying, and processing raw scrap metal (ferrous and nonferrous) for recycling. The company's products are selling ferrous metal, which is used in the recycling and production of finished steel. It is categorized into heavy melting steel, plate and structural, and shredded scrap. and it also processes nonferrous metals such as aluminum, copper, stainless steel, nickel, brass, titanium, alloys, and mixed metal products.
Executives
Jason T Adelman director 900 PARK AVENUE, APARTMENT 15A, NEW YORK NY 10021
Henry Iii Sicignano director 8201 MAIN STREET, SUITE 6, WILLIAMSVILLE NY 14221
Danny Meeks director, other: Chairman of the BOD 1560 BROADWAY, SUITE 17-105, DENVER CO 80202
Ashley Elizabeth Sickles officer: Chief Financial Officer 531 FOXGATE QUARTER, CHESAPEAKE VA 23322
John Bryan Plumlee director 277 SUBURBAN DRIVE, SUFFOLK VA 23434
Howard Jordan officer: Chief Financial Officer 277 SUBURBAN DRIVE, SUFFOLK VA 23434
Cheryl Elizabeth Lanthorn director 277 SUBURBAN DRIVE, SUFFOLK VA 23434
John D. Wood director 520 BUSHNELL DRIVE, VIRGINIA BEACH VA 23451
Isaac Dietrich director, officer: Chief Executive Officer 1624 MARKET STREET, SUITE 201, DENVER CO 80202
Charles Blum director 1505 UPLAND HILLS DRIVE NORTH, UPLAND CA 91784
Jesus Quintero officer: Chief Financial Officer 16860 SOUTHWEST 1ST STREET, PEMBROKE PINES FL 33027
Graham Farrar director 2420 17TH STREET, OFFICE 3118, DENVER CO 80202
Cecil Bond Kyte director 5125 LANKERSHIM BOULEVARD, NORTH HOLLYWOOD CA 91601
Scott C Kveton officer: Chief Executive Officer 1624 MARKET STREET, SUITE 201, DENVER CO 80202
Osborn Steven Lee Ii officer: Chief Technology Officer 761 SE 65TH PL, HILLSBORO OR 97123