Swedish Stirling AB (OSTO:STRLNG) Days Inventory : 41.48 (As of Dec. 2022)

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What is Swedish Stirling AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Swedish Stirling AB's Average Total Inventories for the three months ended in Dec. 2022 was kr40.76 Mil. Swedish Stirling AB's Cost of Goods Sold for the three months ended in Dec. 2022 was kr89.67 Mil. Hence, Swedish Stirling AB's Days Inventory for the three months ended in Dec. 2022 was 41.48.

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

OSTO:STRLNG's Days Inventory is not ranked ^*
in the Industrial Products industry.
Industry Median: 120.21
* Ranked among companies with meaningful Days Inventory only.

Swedish Stirling AB's Days Inventory increased from Dec. 2021 (0.00) to Dec. 2022 (41.48). It might indicate that Swedish Stirling AB's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Swedish Stirling AB's Inventory Turnover for the three months ended in Dec. 2022 was 2.20.

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. Swedish Stirling AB's Inventory-to-Revenue for the three months ended in Dec. 2022 was 2,911.54.

Swedish Stirling AB Days Inventory Historical Data

The historical data trend for Swedish Stirling 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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Swedish Stirling AB Days Inventory Chart

Swedish Stirling AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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66.86

Swedish Stirling AB Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Days Inventory	Get a 7-Day Free Trial															-	-	873.91	540.99	41.48

Competitive Comparison of Swedish Stirling AB's Days Inventory

For the Specialty Industrial Machinery subindustry, Swedish Stirling 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.

Swedish Stirling AB's Days Inventory Distribution in the Industrial Products Industry

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

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

Swedish Stirling AB Days Inventory Calculation

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

Swedish Stirling 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
=	( (27.445	+	8.355)	/	2 )	/	97.718	*	365
=	17.9					/	97.718	*	365
=	66.86

Swedish Stirling AB's Days Inventory for the quarter that ended in Dec. 2022 is calculated as:

	Days Inventory (Q: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (73.168	+	8.355)	/	2 )	/	89.67	*	365 / 4
=	40.7615					/	89.67	*	365 / 4
=	41.48

Swedish Stirling AB (OSTO:STRLNG) 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.

Swedish Stirling AB's Inventory Turnover for the three months ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	89.67	/	40.7615
	=	2.20

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.

Swedish Stirling AB's Inventory to Revenue for the three months ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	40.7615	/	0.014
	=	2,911.54

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.

Swedish Stirling AB Days Inventory Related Terms

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

Swedish Stirling AB (OSTO:STRLNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Swedish Stirling AB (OSTO:STRLNG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gruvgatan 35 B, Vastra Frolunda, Gothenburg, SWE, 421 30

Website

https://www.swedishstirling.com

Swedish Stirling AB has developed a hybridized Stirling engine based on a license from Kockums AB. The Stirling engine forms the basis of the company's products Ripasso Stirling Hybrid and PWR BLOK. The Ripasso Stirling Hybrid is a solar hybrid where energy from the sun is supplemented with some other fuel during the dark hours of the day. PWR BLOK is the product from Ripasso Energy towards the market for residual gas.

Swedish Stirling AB (OSTO:STRLNG) Headlines

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