AB Ignitis Grupe (LSE:IGN) Days Inventory : 56.00 (As of Dec. 2023)

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What is AB Ignitis Grupe Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AB Ignitis Grupe's Average Total Inventories for the three months ended in Dec. 2023 was €295 Mil. AB Ignitis Grupe's Cost of Goods Sold for the three months ended in Dec. 2023 was €481 Mil. Hence, AB Ignitis Grupe's Days Inventory for the three months ended in Dec. 2023 was 56.00.

The historical rank and industry rank for AB Ignitis Grupe's Days Inventory or its related term are showing as below:

LSE:IGN' s Days Inventory Range Over the Past 10 Years
Min: 22.36 Med: 32.5 Max: 84.81
Current: 68.24

During the past 7 years, AB Ignitis Grupe's highest Days Inventory was 84.81. The lowest was 22.36. And the median was 32.50.

LSE:IGN's Days Inventory is ranked worse than
83.33% of 462 companies
in the Utilities - Regulated industry
Industry Median: 23.27 vs LSE:IGN: 68.24

AB Ignitis Grupe's Days Inventory increased from Dec. 2022 (49.91) to Dec. 2023 (56.00). It might indicate that AB Ignitis Grupe's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. AB Ignitis Grupe's Inventory Turnover for the three months ended in Dec. 2023 was 1.63.

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. AB Ignitis Grupe's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.42.

AB Ignitis Grupe Days Inventory Historical Data

The historical data trend for AB Ignitis Grupe'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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AB Ignitis Grupe Days Inventory Chart

AB Ignitis Grupe Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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27.90

34.16

32.50

37.81

84.81

AB Ignitis Grupe Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															49.91	55.56	72.91	85.71	56.00

Competitive Comparison of AB Ignitis Grupe's Days Inventory

For the Utilities - Diversified subindustry, AB Ignitis Grupe'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.

AB Ignitis Grupe's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, AB Ignitis Grupe's Days Inventory distribution charts can be found below:

* The bar in red indicates where AB Ignitis Grupe's Days Inventory falls into.

AB Ignitis Grupe Days Inventory Calculation

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

AB Ignitis Grupe'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
=	( (570.4	+	274.8)	/	2 )	/	1818.8	*	365
=	422.6					/	1818.8	*	365
=	84.81

AB Ignitis Grupe'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
=	( (315.3	+	274.8)	/	2 )	/	480.8	*	365 / 4
=	295.05					/	480.8	*	365 / 4
=	56.00

AB Ignitis Grupe (LSE:IGN) 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.

AB Ignitis Grupe's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	480.8	/	295.05
	=	1.63

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.

AB Ignitis Grupe's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	295.05	/	705.1
	=	0.42

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.

AB Ignitis Grupe Days Inventory Related Terms

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

AB Ignitis Grupe (LSE:IGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » AB Ignitis Grupe (LSE:IGN) » Definitions » Days Inventory

Traded in Other Exchanges

IGN1L:Lithuania IGV0:Germany

Address

Laisves Avenue 10, Vilnius, LTU, LT-04215

Website

https://www.ignitisgrupe.lt

AB Ignitis Grupe is a utility and renewable energy company in the Baltic region. The group's core business is focused on operating electricity and gas distribution networks. It operates in four segments: Customers & Solutions, which is into electricity and gas supply, trading and balancing, energy efficiency projects, construction of solar power plants for businesses and residents, installation and operation of electric vehicle charging stations, and energy solutions; Networks segment, which is engaged in the operation, maintenance, management and development of electricity and gas distribution networks; Green Generation segment; and Flexible Generation segment. The vast majority of the revenue comes from the Customers & Solutions and Network segments.