Days Inventory is also known as Days Sales of Inventory (DSI). Loop Energy's Average Total Inventories for the
three
months ended in Dec. 2023 was C$1.83 Mil. Loop Energy's Cost of Goods Sold for the
three
months ended in Dec. 2023 was C$1.25 Mil.
Hence, Loop Energy's Days Inventory for the
three
months ended in Dec. 2023 was 133.66.
The historical rank and industry rank for Loop Energy's Days Inventory or its related term are showing as below:
TSX:LPEN'
s Days Inventory Range Over the Past 10 Years
Min: 70.72 Med: 76.26 Max: 112.37
Current: 112.37
During the past 7 years, Loop Energy's highest Days Inventory was 112.37. The lowest was 70.72. And the median was 76.26.
TSX:LPEN's Days Inventory is ranked better than 54.21% of 2911
companies
in the Industrial Products industry
Industry Median: 120.21
vs TSX:LPEN: 112.37
Loop Energy's Days Inventory
increased
from Dec. 2022 (99.13) to Dec. 2023 (133.66).
It might indicate that Loop Energy'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.
Loop Energy's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.68.
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.
Loop Energy's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 4.06.
Loop Energy Days Inventory Historical Data
The historical data trend for Loop Energy'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.
Competitive Comparison of Loop Energy's Days Inventory
For the Electrical Equipment & Parts subindustry, Loop Energy'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.
Loop Energy's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Loop Energy's Days Inventory distribution charts can be found below:
* The bar in red indicates where Loop Energy's Days Inventory falls into.
Loop Energy Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Loop Energy's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Loop Energy (TSX:LPEN) 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.
Loop Energy's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Loop Energy's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
Loop Energy Days Inventory Related Terms
Thank you for viewing the detailed overview of Loop Energy's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Loop Energy Inc is a developer, manufacturer, and supplier of hydrogen fuel cells to vehicle and power generation system manufacturers. It sells and services two categories of products: fuel cell stacks and fuel cell modules, which serve a variety of commercial applications including light commercial vehicles, transit buses, medium and heavy-duty trucks, marine, train, mining trucks, material handling vehicles, and stationary power.
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