Li-Cycle Holdings (Li-Cycle Holdings) Days Inventory : 9.86 (As of Dec. 2023)

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What is Li-Cycle Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Li-Cycle Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $6.75 Mil. Li-Cycle Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $62.50 Mil. Hence, Li-Cycle Holdings's Days Inventory for the three months ended in Dec. 2023 was 9.86.

The historical rank and industry rank for Li-Cycle Holdings's Days Inventory or its related term are showing as below:

LICY' s Days Inventory Range Over the Past 10 Years
Min: 20.31 Med: 35.67 Max: 113.67
Current: 23.54

During the past 5 years, Li-Cycle Holdings's highest Days Inventory was 113.67. The lowest was 20.31. And the median was 35.67.

LICY's Days Inventory is ranked worse than
50.24% of 209 companies
in the Waste Management industry
Industry Median: 23.54 vs LICY: 23.54

Li-Cycle Holdings's Days Inventory declined from Oct. 2022 (14.73) to Dec. 2023 (9.86).

Inventory Turnover measures how fast the company turns over its inventory within a year. Li-Cycle Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 9.26.

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. Li-Cycle Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.05.

Li-Cycle Holdings Days Inventory Historical Data

The historical data trend for Li-Cycle Holdings'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.

Li-Cycle Holdings Days Inventory Chart

Li-Cycle Holdings Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

Dec23

Days Inventory

113.67

20.31

33.18

38.15

Li-Cycle Holdings Quarterly Data
	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial											14.73	73.70	47.50	69.52	9.86

Competitive Comparison of Li-Cycle Holdings's Days Inventory

For the Waste Management subindustry, Li-Cycle Holdings'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.

Li-Cycle Holdings's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Li-Cycle Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Li-Cycle Holdings's Days Inventory falls into.

Li-Cycle Holdings Days Inventory Calculation

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

Li-Cycle Holdings'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: Oct. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (7.5	+	9.6)	/	2 )	/	81.8	*	365
=	8.55					/	81.8	*	365
=	38.15

Li-Cycle Holdings'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
=	( (3.9	+	9.6)	/	2 )	/	62.5	*	365 / 4
=	6.75					/	62.5	*	365 / 4
=	9.86

Li-Cycle Holdings (NYSE:LICY) 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.

Li-Cycle Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	62.5	/	6.75
	=	9.26

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.

Li-Cycle Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.75	/	6.4
	=	1.05

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.

Li-Cycle Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of Li-Cycle Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Li-Cycle Holdings (Li-Cycle Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Li-Cycle Holdings Corp (NYSE:LICY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

207 Queen’s Quay West, Suite 590, Toronto, ON, CAN, M5J 1A7

Website

https://www.li-cycle.com

Li-Cycle Holdings Corp is a lithium-ion battery resource recovery and the leading lithium-ion battery recycler. Its proprietary "Spoke and Hub" recycling process is designed at its Spokes, to process battery manufacturing scrap and end-of-life batteries to produce "black mass" and other intermediate products, and at its Hubs, to process black mass to recover raw materials, including but not limited to lithium carbonate, cobalt sulphate and nickel sulphate.