QleanAir AB (OSTO:QAIR) Days Inventory : 154.01 (As of Mar. 2024)

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What is QleanAir AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). QleanAir AB's Average Total Inventories for the three months ended in Mar. 2024 was kr62.5 Mil. QleanAir AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr37.0 Mil. Hence, QleanAir AB's Days Inventory for the three months ended in Mar. 2024 was 154.01.

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

OSTO:QAIR' s Days Inventory Range Over the Past 10 Years
Min: 62.51 Med: 76.86 Max: 144.8
Current: 144.8

During the past 8 years, QleanAir AB's highest Days Inventory was 144.80. The lowest was 62.51. And the median was 76.86.

OSTO:QAIR's Days Inventory is ranked worse than
60.49% of 2911 companies
in the Industrial Products industry
Industry Median: 120.21 vs OSTO:QAIR: 144.80

QleanAir AB's Days Inventory declined from Mar. 2023 (164.22) to Mar. 2024 (154.01).

Inventory Turnover measures how fast the company turns over its inventory within a year. QleanAir AB's Inventory Turnover for the three months ended in Mar. 2024 was 0.59.

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. QleanAir AB's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.52.

QleanAir AB Days Inventory Historical Data

The historical data trend for QleanAir 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.

* Premium members only.

QleanAir AB Days Inventory Chart

QleanAir AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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62.51

69.02

97.81

131.55

137.81

QleanAir AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															164.22	141.71	146.38	137.19	154.01

Competitive Comparison of QleanAir AB's Days Inventory

For the Pollution & Treatment Controls subindustry, QleanAir 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.

QleanAir AB's Days Inventory Distribution in the Industrial Products Industry

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

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

QleanAir AB Days Inventory Calculation

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

QleanAir AB'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
=	( (59.947	+	60.482)	/	2 )	/	159.48	*	365
=	60.2145					/	159.48	*	365
=	137.81

QleanAir 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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (60.482	+	64.434)	/	2 )	/	37.006	*	365 / 4
=	62.458					/	37.006	*	365 / 4
=	154.01

QleanAir AB (OSTO:QAIR) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	37.006	/	62.458
	=	0.59

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	62.458	/	119.127
	=	0.52

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.

QleanAir AB Days Inventory Related Terms

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

QleanAir AB (OSTO:QAIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » QleanAir AB (OSTO:QAIR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Torggatan 13, Box 1178, Solna, Stockholm, SWE, SE-171 23

Website

https://www.qleanair.com

QleanAir AB is a provider of air cleaning solutions for indoor environments. Its solutions are used to protect people, processes, and products from harmful particles and gases, which are captured and filtered through its products. It conducts its business in EMEA, APAC, and America. It generates revenues from the sale of its products such as Cabin Solutions, Air Cleaners, and Cleanrooms.

QleanAir AB (OSTO:QAIR) Headlines

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