Current Water Technologies (TSXV:WATR) Days Inventory : 47.01 (As of Sep. 2023)

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What is Current Water Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Current Water Technologies's Average Total Inventories for the three months ended in Sep. 2023 was C$0.44 Mil. Current Water Technologies's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.85 Mil. Hence, Current Water Technologies's Days Inventory for the three months ended in Sep. 2023 was 47.01.

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

TSXV:WATR' s Days Inventory Range Over the Past 10 Years
Min: 8.97 Med: 65.43 Max: 183.06
Current: 70.79

During the past 13 years, Current Water Technologies's highest Days Inventory was 183.06. The lowest was 8.97. And the median was 65.43.

TSXV:WATR's Days Inventory is ranked better than
78.98% of 2907 companies
in the Industrial Products industry
Industry Median: 119.85 vs TSXV:WATR: 70.79

Current Water Technologies's Days Inventory increased from Sep. 2022 (31.14) to Sep. 2023 (47.01). It might indicate that Current Water Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Current Water Technologies's Inventory Turnover for the three months ended in Sep. 2023 was 1.94.

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. Current Water Technologies's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.28.

Current Water Technologies Days Inventory Historical Data

The historical data trend for Current Water 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.

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Current Water Technologies Days Inventory Chart

Current Water Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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54.95

97.81

183.06

97.54

75.90

Current Water Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															31.14	67.70	95.39	107.35	47.01

Competitive Comparison of Current Water Technologies's Days Inventory

For the Pollution & Treatment Controls subindustry, Current Water 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.

Current Water Technologies's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Current Water Technologies's Days Inventory distribution charts can be found below:

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

Current Water Technologies Days Inventory Calculation

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

Current Water Technologies'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
=	( (0.384	+	0.459)	/	2 )	/	2.027	*	365
=	0.4215					/	2.027	*	365
=	75.90

Current Water Technologies's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.44	+	0.44)	/	2 )	/	0.854	*	365 / 4
=	0.44					/	0.854	*	365 / 4
=	47.01

Current Water Technologies (TSXV:WATR) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.854	/	0.44
	=	1.94

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.44	/	1.546
	=	0.28

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.

Current Water Technologies Days Inventory Related Terms

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

Current Water Technologies (TSXV:WATR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Current Water Technologies Inc (TSXV:WATR) » Definitions » Days Inventory

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ENPRF:USA

Address

70 Southgate Drive, Unit 4, Guelph, ON, CAN, N1G 4P5

Website

https://www.currentwatertechnologies.com

Current Water Technologies Inc is engaged in the development of environmental technologies. The company offers advanced technology for the treatment of industrial and municipal wastewater and drinking water resources. It offers technology such as electro-static deionization and the treatment of total ammonia (AmmEL). Electro-static deionization is a capacitive deionization technology for the removal of total dissolved solids, whereas AmmEL is an ammonia removal technology to treat ammonia contaminated water. It operates through the following segments: The current Water segment and the Pumptronics segment. The firm generates the majority of revenue from the Pumptronics segment which develops hydraulic fluid systems to move water and other liquids.

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