Quantafuel AS (Quantafuel AS) Days Inventory : 46.61 (As of Sep. 2023)

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What is Quantafuel AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Quantafuel AS's Average Total Inventories for the three months ended in Sep. 2023 was $1.16 Mil. Quantafuel AS's Cost of Goods Sold for the three months ended in Sep. 2023 was $2.28 Mil. Hence, Quantafuel AS's Days Inventory for the three months ended in Sep. 2023 was 46.61.

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

QNTFF' s Days Inventory Range Over the Past 10 Years
Min: 29.73 Med: 41.89 Max: 79.23
Current: 55.74

During the past 7 years, Quantafuel AS's highest Days Inventory was 79.23. The lowest was 29.73. And the median was 41.89.

QNTFF's Days Inventory is not ranked
in the Waste Management industry.
Industry Median: 23.54 vs QNTFF: 55.74

Quantafuel AS's Days Inventory increased from Sep. 2022 (39.56) to Sep. 2023 (46.61). It might indicate that Quantafuel AS'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. Quantafuel AS's Inventory Turnover for the three months ended in Sep. 2023 was 1.96.

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. Quantafuel AS's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.68.

Quantafuel AS Days Inventory Historical Data

The historical data trend for Quantafuel 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.

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Quantafuel AS Days Inventory Chart

Quantafuel AS Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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79.23

29.73

41.89

Quantafuel AS Quarterly Data
	Dec17	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															39.56	68.49	57.31	56.87	46.61

Competitive Comparison of Quantafuel AS's Days Inventory

For the Waste Management subindustry, Quantafuel 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.

Quantafuel AS's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Quantafuel AS's Days Inventory distribution charts can be found below:

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

Quantafuel AS Days Inventory Calculation

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

Quantafuel AS'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
=	( (0.644	+	1.505)	/	2 )	/	9.363	*	365
=	1.0745					/	9.363	*	365
=	41.89

Quantafuel AS's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.319	+	1.009)	/	2 )	/	2.279	*	365 / 4
=	1.164					/	2.279	*	365 / 4
=	46.61

Quantafuel AS (OTCPK:QNTFF) 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.

Quantafuel AS's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.279	/	1.164
	=	1.96

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.

Quantafuel AS's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.164	/	1.717
	=	0.68

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.

Quantafuel AS Days Inventory Related Terms

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

Quantafuel AS (Quantafuel AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Quantafuel AS (OTCPK:QNTFF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

QFUEL:Norway 49Q:Germany

Address

Lilleakerveien 2C, Oslo, NOR, 0283

Website

https://www.quantafuel.com

Quantafuel AS is a Norwegian technology company that develops, designs, and operates production facilities to produce synthetic fuels and chemical products based on non-recyclable waste. The company converts waste plastic into low-carbon synthetic oil products replacing virgin oil products.