MicroSalt (LSE:SALT) Days Inventory : 0.00 (As of Jun. 2023)

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What is MicroSalt Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MicroSalt's Average Total Inventories for the three months ended in Jun. 2023 was £0.31 Mil. MicroSalt's Cost of Goods Sold for the three months ended in Jun. 2023 was £0.00 Mil.

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

During the past 3 years, MicroSalt's highest Days Inventory was 570.31. The lowest was 173.93. And the median was 504.41.

LSE:SALT's Days Inventory is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 83.54
* Ranked among companies with meaningful Days Inventory only.

MicroSalt's Days Inventory stayed the same from Dec. 2020 (0.00) to Jun. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. MicroSalt's Inventory Turnover for the three months ended in Jun. 2023 was 0.00.

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.

MicroSalt Days Inventory Historical Data

The historical data trend for MicroSalt'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.

MicroSalt Days Inventory Chart

MicroSalt Annual Data

Trend

Dec20

Dec21

Dec22

Days Inventory

570.31

504.41

173.93

MicroSalt Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23
Days Inventory	-	-	-	-	-

Competitive Comparison of MicroSalt's Days Inventory

For the Packaged Foods subindustry, MicroSalt'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.

MicroSalt's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, MicroSalt's Days Inventory distribution charts can be found below:

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

MicroSalt Days Inventory Calculation

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

MicroSalt'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
=	( (0.174	+	0.171)	/	2 )	/	0.362	*	365
=	0.1725					/	0.362	*	365
=	173.93

MicroSalt's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.171	+	0.455)	/	2 )	/	0	*	365 / 4
=	0.313					/	0	*	365 / 4
=	N/A

MicroSalt (LSE:SALT) 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.

MicroSalt's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0.313
	=	0.00

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.

MicroSalt's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.313	/	0
	=

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.

MicroSalt Days Inventory Related Terms

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

MicroSalt (LSE:SALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » MicroSalt PLC (LSE:SALT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 New Fetter Lane, London, GBR, EC4A 1JP

Website

https://www.microsaltinc.com

MicroSalt Plc is a company that has developed a patent protected and scalable manufacturing process that produces a salt crystal that is approximately hundred times smaller than traditional salt, with an average size of less than twenty microns. It allows consumers to reduce their sodium intake by half without compromising on flavor.

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