Safe at Sea AB (XSAT:SAFE) Days Inventory : 184.82 (As of Mar. 2024)

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What is Safe at Sea AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Safe at Sea AB's Average Total Inventories for the three months ended in Mar. 2024 was kr5.26 Mil. Safe at Sea AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr2.60 Mil. Hence, Safe at Sea AB's Days Inventory for the three months ended in Mar. 2024 was 184.82.

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

XSAT:SAFE' s Days Inventory Range Over the Past 10 Years
Min: 108.7 Med: 174.17 Max: 734.6
Current: 281.79

During the past 13 years, Safe at Sea AB's highest Days Inventory was 734.60. The lowest was 108.70. And the median was 174.17.

XSAT:SAFE's Days Inventory is ranked worse than
94.27% of 681 companies
in the Business Services industry
Industry Median: 30.28 vs XSAT:SAFE: 281.79

Safe at Sea AB's Days Inventory increased from Dec. 2022 (142.35) to Mar. 2024 (184.82). It might indicate that Safe at Sea AB's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Safe at Sea AB's Inventory Turnover for the three months ended in Mar. 2024 was 0.49.

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. Safe at Sea AB's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.11.

Safe at Sea AB Days Inventory Historical Data

The historical data trend for Safe at Sea AB'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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Safe at Sea AB Days Inventory Chart

Safe at Sea AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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155.40

176.37

177.12

125.37

131.17

Safe at Sea AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial															142.35	126.39	221.02	266.31	184.82

Competitive Comparison of Safe at Sea AB's Days Inventory

For the Security & Protection Services subindustry, Safe at Sea AB'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.

Safe at Sea AB's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Safe at Sea AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where Safe at Sea AB's Days Inventory falls into.

Safe at Sea AB Days Inventory Calculation

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

Safe at Sea AB's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1.637	+	1.976)	/	2 )	/	5.027	*	365
=	1.8065					/	5.027	*	365
=	131.17

Safe at Sea AB's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (5.333	+	5.187)	/	2 )	/	2.597	*	365 / 4
=	5.26					/	2.597	*	365 / 4
=	184.82

Safe at Sea AB (XSAT:SAFE) 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.

Safe at Sea AB's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.597	/	5.26
	=	0.49

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.

Safe at Sea AB's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.26	/	4.745
	=	1.11

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.

Safe at Sea AB Days Inventory Related Terms

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

Safe at Sea AB (XSAT:SAFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Safe at Sea AB (XSAT:SAFE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Importgatan 15F, Hisings Backa, SWE, 442 46

Website

http://www.safeatsea.se

Safe at Sea AB engages in the production, promotion, and sale of sea rescue equipment and systems worldwide. It principally produces Rescuerunner and Guardrunner.