Days Inventory is also known as Days Sales of Inventory (DSI). Aqua Metals's Average Total Inventories for the
three
months ended in Mar. 2024 was $0.98 Mil. Aqua Metals's Cost of Goods Sold for the
three
months ended in Mar. 2024 was $2.21 Mil.
Hence, Aqua Metals's Days Inventory for the
three
months ended in Mar. 2024 was 40.67.
The historical rank and industry rank for Aqua Metals's Days Inventory or its related term are showing as below:
LTS:0HH6'
s Days Inventory Range Over the Past 10 Years
Min: 14.88 Med: 24.83 Max: 78.25
Current: 37.29
During the past 10 years, Aqua Metals's highest Days Inventory was 78.25. The lowest was 14.88. And the median was 24.83.
LTS:0HH6's Days Inventory is ranked worse than 62.56% of 211
companies
in the Waste Management industry
Industry Median: 22.94
vs LTS:0HH6: 37.29
Aqua Metals's Days Inventory
increased
from Mar. 2023 (24.85) to Mar. 2024 (40.67).
It might indicate that Aqua Metals's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Aqua Metals's Inventory Turnover for the
three
months ended in Mar. 2024 was 2.24.
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.
Aqua Metals Days Inventory Historical Data
The historical data trend for Aqua Metals'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.
Competitive Comparison of Aqua Metals's Days Inventory
For the Waste Management subindustry, Aqua Metals'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.
Aqua Metals's Days Inventory Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, Aqua Metals's Days Inventory distribution charts can be found below:
* The bar in red indicates where Aqua Metals's Days Inventory falls into.
Aqua Metals Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Aqua Metals's Days Inventory for the fiscal year that 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.
Aqua Metals (LTS:0HH6) 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.
Aqua Metals's Inventory Turnover for the
three
months ended in Mar. 2024 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.
Aqua Metals's Inventory to Revenue for the
three
months ended in Mar. 2024 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.
Aqua Metals Days Inventory Related Terms
Thank you for viewing the detailed overview of Aqua Metals's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Aqua Metals Inc is a United States-based company engaged in the business of recycling Lead through a novel, proprietary and patent-pending process that it developed and named AquaRefining. The company's breakthrough, AquaRefining, delivers a product, at a higher yield, eliminates toxic waste, reduces permitting and is less expensive to build than smelting. AquaRefining process will provide for the recycling of Lead acid batteries and the production of a pure grade Lead with a significantly lower cost of production, and with fewer environmental and regulatory issues, than conventional methods of Lead production.
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