E&E Recycling (ROCO:8440) Days Inventory : 39.33 (As of Mar. 2024)

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What is E&E Recycling Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). E&E Recycling's Average Total Inventories for the three months ended in Mar. 2024 was NT$85.5 Mil. E&E Recycling's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$198.3 Mil. Hence, E&E Recycling's Days Inventory for the three months ended in Mar. 2024 was 39.33.

The historical rank and industry rank for E&E Recycling's Days Inventory or its related term are showing as below:

ROCO:8440' s Days Inventory Range Over the Past 10 Years
Min: 22.14 Med: 33.58 Max: 42.27
Current: 42.27

During the past 13 years, E&E Recycling's highest Days Inventory was 42.27. The lowest was 22.14. And the median was 33.58.

ROCO:8440's Days Inventory is ranked worse than
65.71% of 210 companies
in the Waste Management industry
Industry Median: 22.785 vs ROCO:8440: 42.27

E&E Recycling's Days Inventory increased from Mar. 2023 (29.24) to Mar. 2024 (39.33). It might indicate that E&E Recycling's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. E&E Recycling's Inventory Turnover for the three months ended in Mar. 2024 was 2.32.

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. E&E Recycling's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.40.

E&E Recycling Days Inventory Historical Data

The historical data trend for E&E Recycling'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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E&E Recycling Days Inventory Chart

E&E Recycling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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37.03

41.40

33.61

30.35

33.55

E&E Recycling 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															29.24	40.94	53.20	46.24	39.33

Competitive Comparison of E&E Recycling's Days Inventory

For the Waste Management subindustry, E&E Recycling'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.

E&E Recycling's Days Inventory Distribution in the Waste Management Industry

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

* The bar in red indicates where E&E Recycling's Days Inventory falls into.

E&E Recycling Days Inventory Calculation

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

E&E Recycling'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
=	( (56.808	+	91.836)	/	2 )	/	808.588	*	365
=	74.322					/	808.588	*	365
=	33.55

E&E Recycling'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
=	( (91.836	+	79.1)	/	2 )	/	198.295	*	365 / 4
=	85.468					/	198.295	*	365 / 4
=	39.33

E&E Recycling (ROCO:8440) 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.

E&E Recycling's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	198.295	/	85.468
	=	2.32

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.

E&E Recycling's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	85.468	/	213.81
	=	0.40

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.

E&E Recycling Days Inventory Related Terms

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

E&E Recycling (ROCO:8440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » E&E Recycling Inc (ROCO:8440) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 128, Lane 313, Taizhen Road, Touhuli, Yangmei District, Taoyuan, TWN

Website

http://www.eer.com.tw

E&E Recycling Inc is a Taiwan-based company engaged in recycling waste household electric appliances. It has operations for recycling televisions, refrigerators, washing machines, air conditioners, and information products. The company provides services such as system planning, sales of five big treatment equipment, waste electric household appliances treatment, operation and management, and sales of derivatives. Apart from Taiwan, the organization also has factories located in Mainland China.

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