Renovare Environmental (Renovare Environmental) Days Inventory : 43.32 (As of Mar. 2022)

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What is Renovare Environmental Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Renovare Environmental's Average Total Inventories for the three months ended in Mar. 2022 was $0.49 Mil. Renovare Environmental's Cost of Goods Sold for the three months ended in Mar. 2022 was $1.03 Mil. Hence, Renovare Environmental's Days Inventory for the three months ended in Mar. 2022 was 43.32.

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

RENO's Days Inventory is not ranked ^*
in the Industrial Products industry.
Industry Median: 120.59
* Ranked among companies with meaningful Days Inventory only.

Renovare Environmental's Days Inventory increased from Mar. 2021 (39.71) to Mar. 2022 (43.32). It might indicate that Renovare Environmental's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Renovare Environmental's Inventory Turnover for the three months ended in Mar. 2022 was 2.11.

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. Renovare Environmental's Inventory-to-Revenue for the three months ended in Mar. 2022 was 0.43.

Renovare Environmental Days Inventory Historical Data

The historical data trend for Renovare Environmental'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.

Renovare Environmental Days Inventory Chart

Renovare Environmental Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Inventory

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112.36

117.98

59.66

37.55

23.49

Renovare Environmental Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Days Inventory	Get a 7-Day Free Trial															39.71	39.37	31.45	41.63	43.32

Competitive Comparison of Renovare Environmental's Days Inventory

For the Pollution & Treatment Controls subindustry, Renovare Environmental'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.

Renovare Environmental's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Renovare Environmental's Days Inventory falls into.

Renovare Environmental Days Inventory Calculation

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

Renovare Environmental's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (0.695	+	0.648)	/	2 )	/	10.434	*	365
=	0.6715					/	10.434	*	365
=	23.49

Renovare Environmental's Days Inventory for the quarter that ended in Mar. 2022 is calculated as:

	Days Inventory (Q: Mar. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
=	( (0.648	+	0.331)	/	2 )	/	1.031	*	365 / 4
=	0.4895					/	1.031	*	365 / 4
=	43.32

Renovare Environmental (OTCPK:RENO) 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.

Renovare Environmental's Inventory Turnover for the three months ended in Mar. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.031	/	0.4895
	=	2.11

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.

Renovare Environmental's Inventory to Revenue for the three months ended in Mar. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.4895	/	1.136
	=	0.43

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.

Renovare Environmental Days Inventory Related Terms

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

Renovare Environmental (Renovare Environmental) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Renovare Environmental Inc (OTCPK:RENO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Red Schoolhouse Road, Suite 101, Chestnut Ridge, NY, USA, 10977

Website

https://www.biohitech.com

Renovare Environmental Inc, formerly BioHiTech Global Inc is a technology services company focused on providing cost-effective solutions that improve environmental outcomes. Its technologies for waste management include the patented processing of municipal solid waste into a valuable renewable fuel, biological disposal of food waste on-site, and proprietary real-time data analytics tools to reduce food waste generation. When used individually or in combination, the solution lowers the carbon footprint associated with waste transportation and can reduce or virtually eliminate landfill usage.

Executives

Harriet Hentges	director	3222 SCOTT PLACE NW, WASHINGTON DC 20007
Frank E. Celli	director	27 BRADLEY LANE, MONTVALE NJ 07645
Frank E. Celli Family Trust	10 percent owner	80 RED SCHOOLHOUSE ROAD, SUITE 101, CHESTNUT RIDGE NY 10977
Anthony Fuller	director	80 RED SCHOOLHOUSE ROAD, ATTN: BIOHITECH GLOBAL, INC., CHESTNUT RIDGE NY 10977
Walter Iii Littlejohn	director	80 RED SCHOOLHOUSE ROAD, ATTN: BIOHITECH GLOBAL, INC,., CHESTNUT RIDGE NY 10977
Nicholaus Rohleder	director	80 RED SCHOOLHOUSE ROAD, ATTN: BIOHITECH GLOBAL, INC., CHESTNUT RIDGE NY 10977
Brian C. Essman	officer: CHIEF FINANCIAL OFFICER	59 ST JOHNS RD., WILTON CT 06897
James D. Chambers	director	317 EATON LANDING DRIVE, ANNAPOLIS MD 21401
Robert A. Joyce	officer: Chief Operating Officer	1818 SIGNAL HILL DRIVE, MECHANICSBURG PA 17050
Van Oort Douglas M	director	12701 COMMONWEALTH DRIVE, SUITE 9, FORT MYERS FL 33913
Bob G Gower	10 percent owner	402 TIMBERWILDE LANE, HOUSTON TX 77024
Penn Venture Partners , L.p.	other: 5% Shareholder	132 STATE STREET, HARRISBURG PA 17101
Conundrum Capital Partners, Llc	10 percent owner	317 EATON LANDING DRIVE, ANNAPOLIS MD 21401
Robert A. Graham	director	112 CETON COURT, BROOMALL PA 19008
John P. Glauda	10 percent owner	8409 CAESARS HEAD DRIVE, WAXHAW NC 28173