Days Inventory is also known as Days Sales of Inventory (DSI). Elastic NV's Average Total Inventories for the
three
months ended in Jan. 2024 was $0 Mil. Elastic NV's Cost of Goods Sold for the
three
months ended in Jan. 2024 was $85 Mil.
Hence, Elastic NV's Days Inventory for the
three
months ended in Jan. 2024 was 0.00.
The historical rank and industry rank for Elastic NV's Days Inventory or its related term are showing as below:
ESTC's Days Inventory is not ranked *
in the Software industry.
Industry Median: 19.44 * Ranked among companies with meaningful Days Inventory only.
Elastic NV's Days Inventory
stayed the same
from Jan. 2023 (0.00) to Jan. 2024 (0.00).
Inventory Turnover measures how fast the company turns over its inventory within a year.
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.
Elastic NV's Inventory-to-Revenue for the
three
months ended in Jan. 2024 was 0.00.
Elastic NV Days Inventory Historical Data
The historical data trend for Elastic NV'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.
Competitive Comparison of Elastic NV's Days Inventory
For the Software - Application subindustry, Elastic NV'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.
Elastic NV's Days Inventory Distribution in the Software Industry
For the Software industry and Technology sector, Elastic NV's Days Inventory distribution charts can be found below:
* The bar in red indicates where Elastic NV's Days Inventory falls into.
Elastic NV Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Elastic NV's Days Inventory for the fiscal year that ended in Apr. 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.
Elastic NV (NYSE:ESTC) 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.
Elastic NV's Inventory Turnover for the
three
months ended in Jan. 2024 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.
Elastic NV's Inventory to Revenue for the
three
months ended in Jan. 2024 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.
Elastic NV Days Inventory Related Terms
Thank you for viewing the detailed overview of Elastic NV's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.
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