Equals Group (LSE:EQLS) Days Inventory : 2.53 (As of Dec. 2023)

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What is Equals Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Equals Group's Average Total Inventories for the six months ended in Dec. 2023 was £0.30 Mil. Equals Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £21.96 Mil. Hence, Equals Group's Days Inventory for the six months ended in Dec. 2023 was 2.53.

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

LSE:EQLS' s Days Inventory Range Over the Past 10 Years
Min: 2.33 Med: 10.04 Max: 25.96
Current: 2.53

During the past 13 years, Equals Group's highest Days Inventory was 25.96. The lowest was 2.33. And the median was 10.04.

LSE:EQLS's Days Inventory is ranked better than
83.17% of 101 companies
in the Credit Services industry
Industry Median: 45.6 vs LSE:EQLS: 2.53

Equals Group's Days Inventory increased from Dec. 2022 (2.06) to Dec. 2023 (2.53). It might indicate that Equals Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Equals Group's Inventory Turnover for the six months ended in Dec. 2023 was 72.12.

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. Equals Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.01.

Equals Group Days Inventory Historical Data

The historical data trend for Equals Group'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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Equals Group Days Inventory Chart

Equals Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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9.69

7.83

3.29

2.33

2.79

Equals Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															2.61	1.75	2.06	2.25	2.53

Competitive Comparison of Equals Group's Days Inventory

For the Credit Services subindustry, Equals Group'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.

Equals Group's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Equals Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Equals Group's Days Inventory falls into.

Equals Group Days Inventory Calculation

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

Equals Group'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
=	( (0.292	+	0.372)	/	2 )	/	43.385	*	365
=	0.332					/	43.385	*	365
=	2.79

Equals Group'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.237	+	0.372)	/	2 )	/	21.96	*	365 / 2
=	0.3045					/	21.96	*	365 / 2
=	2.53

Equals Group (LSE:EQLS) 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.

Equals Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	21.96	/	0.3045
	=	72.12

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.

Equals Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.3045	/	50.683
	=	0.01

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.

Equals Group Days Inventory Related Terms

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

Equals Group (LSE:EQLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Equals Group PLC (LSE:EQLS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

2FX:Germany

Address

68 Upper Thames Street, 3rd Floor, Thames House, Vintners’ Place, London, GBR, EC4V 3BJ

Website

https://www.equalsplc.com

Equals Group PLC is a part of the financial service sector in the United Kingdom. The company's core business is the provision of foreign exchange payment services for individuals and corporates. Its operating segment includes Currency Cards; International Payments; Travel Cash and Banking, Solutions, Central. The company revenue is primarily derived from UK based customers.