Airobot Technologies AS (OTSE:AIR) Days Inventory : 95.97 (As of Dec. 2023)

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What is Airobot Technologies AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Airobot Technologies AS's Average Total Inventories for the six months ended in Dec. 2023 was €0.23 Mil. Airobot Technologies AS's Cost of Goods Sold for the six months ended in Dec. 2023 was €0.45 Mil. Hence, Airobot Technologies AS's Days Inventory for the six months ended in Dec. 2023 was 95.97.

The historical rank and industry rank for Airobot Technologies AS's Days Inventory or its related term are showing as below:

OTSE:AIR' s Days Inventory Range Over the Past 10 Years
Min: 91.25 Med: 99.97 Max: 119.31
Current: 119.31

During the past 5 years, Airobot Technologies AS's highest Days Inventory was 119.31. The lowest was 91.25. And the median was 99.97.

OTSE:AIR's Days Inventory is ranked worse than
58.24% of 2409 companies
in the Hardware industry
Industry Median: 101.86 vs OTSE:AIR: 119.31

Airobot Technologies AS's Days Inventory declined from Dec. 2022 (131.22) to Dec. 2023 (95.97).

Inventory Turnover measures how fast the company turns over its inventory within a year. Airobot Technologies AS's Inventory Turnover for the six months ended in Dec. 2023 was 1.90.

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. Airobot Technologies AS's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.22.

Airobot Technologies AS Days Inventory Historical Data

The historical data trend for Airobot Technologies AS'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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Airobot Technologies AS Days Inventory Chart

Airobot Technologies AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

91.25

109.33

100.52

99.42

Airobot Technologies AS Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			-	190.57	131.22	195.02	95.97

Competitive Comparison of Airobot Technologies AS's Days Inventory

For the Consumer Electronics subindustry, Airobot Technologies AS'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.

Airobot Technologies AS's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Airobot Technologies AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Airobot Technologies AS's Days Inventory falls into.

Airobot Technologies AS Days Inventory Calculation

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

Airobot Technologies AS'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
=	( (0.19	+	0.175)	/	2 )	/	0.67	*	365
=	0.1825					/	0.67	*	365
=	99.42

Airobot Technologies AS'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
=	( (0.293	+	0.175)	/	2 )	/	0.445	*	365 / 2
=	0.234					/	0.445	*	365 / 2
=	95.97

Airobot Technologies AS (OTSE:AIR) 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.

Airobot Technologies AS's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.445	/	0.234
	=	1.90

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.

Airobot Technologies AS's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.234	/	1.052
	=	0.22

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.

Airobot Technologies AS Days Inventory Related Terms

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

Airobot Technologies AS (OTSE:AIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Airobot Technologies AS (OTSE:AIR) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Suur-sojamae 37a, Rae Vald, EST, 75322

Website

https://www.airobothome.com

Airobot Technologies AS is an indoor climate technology and production company, which is characterized by strong software and air analysis. The company's main product is innovative ventilation equipment with a demand-based control algorithm, which has been developed in cooperation with researchers from the University of Tartu and TalTech.