Enefit Green AS (OTSE:EGR1T) Days Inventory : 14.53 (As of Mar. 2024)

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What is Enefit Green AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Enefit Green AS's Average Total Inventories for the three months ended in Mar. 2024 was €3.3 Mil. Enefit Green AS's Cost of Goods Sold for the three months ended in Mar. 2024 was €20.7 Mil. Hence, Enefit Green AS's Days Inventory for the three months ended in Mar. 2024 was 14.53.

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

OTSE:EGR1T' s Days Inventory Range Over the Past 10 Years
Min: 32.38 Med: 64.67 Max: 83.02
Current: 39.93

During the past 6 years, Enefit Green AS's highest Days Inventory was 83.02. The lowest was 32.38. And the median was 64.67.

OTSE:EGR1T's Days Inventory is ranked worse than
57.4% of 331 companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.07 vs OTSE:EGR1T: 39.93

Enefit Green AS's Days Inventory declined from Mar. 2023 (34.93) to Mar. 2024 (14.53).

Inventory Turnover measures how fast the company turns over its inventory within a year. Enefit Green AS's Inventory Turnover for the three months ended in Mar. 2024 was 6.28.

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. Enefit Green AS's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.06.

Enefit Green AS Days Inventory Historical Data

The historical data trend for Enefit Green AS'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.

Enefit Green AS Days Inventory Chart

Enefit Green AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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49.61

83.02

78.79

52.46

32.38

Enefit Green AS Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial													34.93	66.57	67.58	34.00	14.53

Competitive Comparison of Enefit Green AS's Days Inventory

For the Utilities - Renewable subindustry, Enefit Green AS'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.

Enefit Green AS's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Enefit Green AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Enefit Green AS's Days Inventory falls into.

Enefit Green AS Days Inventory Calculation

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

Enefit Green AS'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
=	( (14.227	+	3.18)	/	2 )	/	98.12	*	365
=	8.7035					/	98.12	*	365
=	32.38

Enefit Green AS'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
=	( (3.18	+	3.402)	/	2 )	/	20.674	*	365 / 4
=	3.291					/	20.674	*	365 / 4
=	14.53

Enefit Green AS (OTSE:EGR1T) 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.

Enefit Green AS's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	20.674	/	3.291
	=	6.28

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.

Enefit Green AS's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.291	/	56.192
	=	0.06

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.

Enefit Green AS Days Inventory Related Terms

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

Enefit Green AS (OTSE:EGR1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Enefit Green AS (OTSE:EGR1T) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

I6B:Germany

Address

Lelle tn 22, Tallinn, EST, 11318

Website

https://www.enefitgreen.ee

Enefit Green AS is a renewable energy producer in the Baltic Sea region. The company produces electricity from wind, as well as municipal waste, biomass, solar and hydroelectric sources in Estonia, Latvia, Lithuania, and Poland. The segments of the company are Wind energy segment which comprises all of the company's wind farms and generates key revenue for the firm; Cogeneration segment comprises all of the company's cogeneration plants and the pellet factory and Solar energy segment comprises all of the company's solar farms.

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