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Flatex AG (XTER:FTK) Days Inventory : 0.62 (As of Dec. 2023)


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What is Flatex AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Flatex AG's Average Total Inventories for the six months ended in Dec. 2023 was €0.2 Mil. Flatex AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €66.3 Mil. Hence, Flatex AG's Days Inventory for the six months ended in Dec. 2023 was 0.62.

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

XTER:FTK' s Days Inventory Range Over the Past 10 Years
Min: 0.02   Med: 1.07   Max: 10.6
Current: 0.43

During the past 13 years, Flatex AG's highest Days Inventory was 10.60. The lowest was 0.02. And the median was 1.07.

XTER:FTK's Days Inventory is ranked better than
93.58% of 218 companies
in the Capital Markets industry
Industry Median: 61.3 vs XTER:FTK: 0.43

Flatex AG's Days Inventory increased from Dec. 2022 (0.25) to Dec. 2023 (0.62). It might indicate that Flatex AG's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Flatex AG's Inventory Turnover for the six months ended in Dec. 2023 was 296.20.

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. Flatex AG's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.


Flatex AG Days Inventory Historical Data

The historical data trend for Flatex AG'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.

Flatex AG Days Inventory Chart

Flatex AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.07 0.23 0.02 0.02 0.57

Flatex AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.24 0.25 0.09 0.62

Competitive Comparison of Flatex AG's Days Inventory

For the Capital Markets subindustry, Flatex AG'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.


Flatex AG's Days Inventory Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Flatex AG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Flatex AG's Days Inventory falls into.



Flatex AG Days Inventory Calculation

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

Flatex AG'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
=( (0.006 + 0.392) / 2 ) / 127.326*365
=0.199 / 127.326*365
=0.57

Flatex AG'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
=( (0.056 + 0.392) / 2 ) / 66.349*365 / 2
=0.224 / 66.349*365 / 2
=0.62

* 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.


Flatex AG  (XTER:FTK) 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.

Flatex AG's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

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.

Flatex AG's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

* 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.


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.


Flatex AG Days Inventory Related Terms

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


Flatex AG (XTER:FTK) Business Description

Traded in Other Exchanges
Address
Omniturm, Grosse Gallusstrasse 16-18, Frankfurt, HE, DEU, 60312
Flatex AG is an independent online broker. The firm operates a proprietary securities trading platform under the brands flatex and DEGIRO and services more than 1 million European retail customers in European countries. The company also offers brokerage services and administration to corporate and institutional clients. The segments of the company are Financial Services and Technologies.
Executives
Steffen Jentsch Chief Process Officer
Frank Niehage CEO
Dr. Matthias Heinrich Chief Risk Officer
Muhamad Said Chahrour CFO
Martin Korbmacher Chairman of the Supervisory Board