Zenova Group (LSE:ZED) Days Inventory : 178.99 (As of May. 2023)

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What is Zenova Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zenova Group's Average Total Inventories for the six months ended in May. 2023 was £0.05 Mil. Zenova Group's Cost of Goods Sold for the six months ended in May. 2023 was £0.05 Mil. Hence, Zenova Group's Days Inventory for the six months ended in May. 2023 was 178.99.

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

LSE:ZED' s Days Inventory Range Over the Past 10 Years
Min: 211.79 Med: 277.84 Max: 277.84
Current: 211.79

During the past 3 years, Zenova Group's highest Days Inventory was 277.84. The lowest was 211.79. And the median was 277.84.

LSE:ZED's Days Inventory is ranked worse than
90.09% of 1494 companies
in the Chemicals industry
Industry Median: 82.18 vs LSE:ZED: 211.79

Zenova Group's Days Inventory declined from May. 2022 (187.30) to May. 2023 (178.99).

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. Zenova Group's Inventory Turnover for the six months ended in May. 2023 was 1.02.

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. Zenova Group's Inventory-to-Revenue for the six months ended in May. 2023 was 0.47.

Zenova Group Days Inventory Historical Data

The historical data trend for Zenova 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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Zenova Group Days Inventory Chart

Zenova Group Annual Data

Trend

Nov20

Nov21

Nov22

Days Inventory

277.84

Zenova Group Semi-Annual Data
	May21	Nov21	May22	Nov22	May23
Days Inventory	-	-	187.30	283.19	178.99

Competitive Comparison of Zenova Group's Days Inventory

For the Specialty Chemicals subindustry, Zenova 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.

Zenova Group's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zenova Group's Days Inventory distribution charts can be found below:

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

Zenova Group Days Inventory Calculation

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

Zenova Group's Days Inventory for the fiscal year that ended in Nov. 2022 is calculated as

	Days Inventory (A: Nov. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Nov. 2021 )	+	Total Inventories (A: Nov. 2022 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2022 )	*	Days in Period
=	( (0	+	0.051)	/	1 )	/	0.067	*	365
=	0.051					/	0.067	*	365
=	277.84

Zenova Group's Days Inventory for the quarter that ended in May. 2023 is calculated as:

	Days Inventory (Q: May. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Nov. 2022 )	+	Total Inventories (Q: May. 2023 ))	/	count )	/	Cost of Goods Sold (Q: May. 2023 )	*	Days in Period
=	( (0.051	+	0.051)	/	2 )	/	0.052	*	365 / 2
=	0.051					/	0.052	*	365 / 2
=	178.99

Zenova Group (LSE:ZED) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.052	/	0.051
	=	1.02

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.051	/	0.108
	=	0.47

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.

Zenova Group Days Inventory Related Terms

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

Zenova Group (LSE:ZED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zenova Group PLC (LSE:ZED) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

172 Arlington Road, London, GBR, NW1 7HL

Website

https://www.zenovagroup.com

Zenova Group PLC is engaged in the development, manufacture and sale of fire-retardant systems. It is the holder of intellectual property to underpin a suite of fire safety and temperature management products and technology applicable to industrial, commercial and residential markets. The company's product range includes fire protection paint, insulating paint and render and extinguishing fluid, and it has further products in varying stages of development and testing.

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