Grino Ecologic (XMAD:GRI) Days Inventory : 6.84 (As of Jun. 2023)

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What is Grino Ecologic Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Grino Ecologic's Average Total Inventories for the six months ended in Jun. 2023 was €0.62 Mil. Grino Ecologic's Cost of Goods Sold for the six months ended in Jun. 2023 was €16.66 Mil. Hence, Grino Ecologic's Days Inventory for the six months ended in Jun. 2023 was 6.84.

The historical rank and industry rank for Grino Ecologic's Days Inventory or its related term are showing as below:

XMAD:GRI' s Days Inventory Range Over the Past 10 Years
Min: 6.6 Med: 15.76 Max: 38.37
Current: 6.6

During the past 13 years, Grino Ecologic's highest Days Inventory was 38.37. The lowest was 6.60. And the median was 15.76.

XMAD:GRI's Days Inventory is not ranked
in the Waste Management industry.
Industry Median: 24.43 vs XMAD:GRI: 6.60

Grino Ecologic's Days Inventory declined from Jun. 2022 (8.65) to Jun. 2023 (6.84).

Inventory Turnover measures how fast the company turns over its inventory within a year. Grino Ecologic's Inventory Turnover for the six months ended in Jun. 2023 was 26.70.

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. Grino Ecologic's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.02.

Grino Ecologic Days Inventory Historical Data

The historical data trend for Grino Ecologic'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.

Grino Ecologic Days Inventory Chart

Grino Ecologic Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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16.96

13.94

12.40

11.06

8.31

Grino Ecologic Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															10.73	11.51	8.65	6.20	6.84

Competitive Comparison of Grino Ecologic's Days Inventory

For the Waste Management subindustry, Grino Ecologic'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.

Grino Ecologic's Days Inventory Distribution in the Waste Management Industry

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

* The bar in red indicates where Grino Ecologic's Days Inventory falls into.

Grino Ecologic Days Inventory Calculation

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

Grino Ecologic'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
=	( (0.852	+	0.571)	/	2 )	/	31.238	*	365
=	0.7115					/	31.238	*	365
=	8.31

Grino Ecologic's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.571	+	0.677)	/	2 )	/	16.661	*	365 / 2
=	0.624					/	16.661	*	365 / 2
=	6.84

Grino Ecologic (XMAD:GRI) 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.

Grino Ecologic's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	16.661	/	0.624
	=	26.70

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.

Grino Ecologic's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.624	/	34.174
	=	0.02

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.

Grino Ecologic Days Inventory Related Terms

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

Grino Ecologic (XMAD:GRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Grino Ecologic (XMAD:GRI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Placa Sant Joan 10, 6th Floor, Lleida, ESP, 25007

Website

http://www.grinyo.com

Grino Ecologic is a group of industrial companies which focuses on environmental services and green energy generation. The company operates in environmental services, waste treatment, energy, and construction.