Elecster Oyj (OHEL:ELEAV) Days Inventory : 440.80 (As of Mar. 2023)

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What is Elecster Oyj Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Elecster Oyj's Average Total Inventories for the three months ended in Mar. 2023 was €20.14 Mil. Elecster Oyj's Cost of Goods Sold for the three months ended in Mar. 2023 was €4.17 Mil. Hence, Elecster Oyj's Days Inventory for the three months ended in Mar. 2023 was 440.80.

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

OHEL:ELEAV' s Days Inventory Range Over the Past 10 Years
Min: 226.54 Med: 297.6 Max: 670.93
Current: 670.93

During the past 13 years, Elecster Oyj's highest Days Inventory was 670.93. The lowest was 226.54. And the median was 297.60.

OHEL:ELEAV's Days Inventory is ranked worse than
98.49% of 2912 companies
in the Industrial Products industry
Industry Median: 120.75 vs OHEL:ELEAV: 670.93

Elecster Oyj's Days Inventory increased from Dec. 2021 (363.80) to Mar. 2023 (440.80). It might indicate that Elecster Oyj's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Elecster Oyj's Inventory Turnover for the three months ended in Mar. 2023 was 0.21.

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. Elecster Oyj's Inventory-to-Revenue for the three months ended in Mar. 2023 was 2.35.

Elecster Oyj Days Inventory Historical Data

The historical data trend for Elecster Oyj'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.

Elecster Oyj Days Inventory Chart

Elecster Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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305.74

324.50

333.96

289.45

430.55

Elecster Oyj Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Dec23
Days Inventory	Get a 7-Day Free Trial															355.41	323.33	-	440.80	-

Competitive Comparison of Elecster Oyj's Days Inventory

For the Specialty Industrial Machinery subindustry, Elecster Oyj'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.

Elecster Oyj's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Elecster Oyj's Days Inventory distribution charts can be found below:

* The bar in red indicates where Elecster Oyj's Days Inventory falls into.

Elecster Oyj Days Inventory Calculation

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

Elecster Oyj'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
=	( (19.961	+	18.866)	/	2 )	/	16.458	*	365
=	19.4135					/	16.458	*	365
=	430.55

Elecster Oyj's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (19.961	+	20.327)	/	2 )	/	4.17	*	365 / 4
=	20.144					/	4.17	*	365 / 4
=	440.80

Elecster Oyj (OHEL:ELEAV) 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.

Elecster Oyj's Inventory Turnover for the three months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.17	/	20.144
	=	0.21

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.

Elecster Oyj's Inventory to Revenue for the three months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	20.144	/	8.575
	=	2.35

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.

Elecster Oyj Days Inventory Related Terms

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

Elecster Oyj (OHEL:ELEAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Elecster Oyj (OHEL:ELEAV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sontulantie 382, PL 39, Akaa, FIN, 37801

Website

http://www.elecster.fi

Elecster Oyj operates as an engineering and manufacturer of dairy machinery and packaging material. It is involved in the supply of product such as ultra-high temperature lines, sterilizers, aseptic, extended shelf life, and pasteurized pouch filling machines, autopackers and related economical and ecological packaging materials. Geographically, the activities are operated through Finland and it also owns packaging material production lines in Finland.

Elecster Oyj (OHEL:ELEAV) Headlines

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