Elemental Asia (WAR:EMA) Days Inventory : 12.31 (As of Sep. 2023)

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What is Elemental Asia Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Elemental Asia's Average Total Inventories for the three months ended in Sep. 2023 was zł4.2 Mil. Elemental Asia's Cost of Goods Sold for the three months ended in Sep. 2023 was zł31.1 Mil. Hence, Elemental Asia's Days Inventory for the three months ended in Sep. 2023 was 12.31.

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

WAR:EMA' s Days Inventory Range Over the Past 10 Years
Min: 0.19 Med: 4.47 Max: 17.37
Current: 10.02

During the past 10 years, Elemental Asia's highest Days Inventory was 17.37. The lowest was 0.19. And the median was 4.47.

WAR:EMA's Days Inventory is not ranked
in the Metals & Mining industry.
Industry Median: 88.535 vs WAR:EMA: 10.02

Elemental Asia's Days Inventory increased from Sep. 2022 (4.92) to Sep. 2023 (12.31). It might indicate that Elemental Asia's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Elemental Asia's Inventory Turnover for the three months ended in Sep. 2023 was 7.41.

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. Elemental Asia's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.13.

Elemental Asia Days Inventory Historical Data

The historical data trend for Elemental Asia'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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Elemental Asia Days Inventory Chart

Elemental Asia Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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9.29

6.38

1.77

0.19

2.55

Elemental Asia Quarterly Data
	Dec18	Mar19	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															4.92	9.64	4.59	18.98	12.31

Competitive Comparison of Elemental Asia's Days Inventory

For the Other Precious Metals & Mining subindustry, Elemental Asia'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.

Elemental Asia's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Elemental Asia's Days Inventory distribution charts can be found below:

* The bar in red indicates where Elemental Asia's Days Inventory falls into.

Elemental Asia Days Inventory Calculation

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

Elemental Asia'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
=	( (0.23	+	3.376)	/	2 )	/	257.85	*	365
=	1.803					/	257.85	*	365
=	2.55

Elemental Asia'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
=	( (5.805	+	2.574)	/	2 )	/	31.051	*	365 / 4
=	4.1895					/	31.051	*	365 / 4
=	12.31

Elemental Asia (WAR:EMA) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	31.051	/	4.1895
	=	7.41

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.1895	/	32.399
	=	0.13

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.

Elemental Asia Days Inventory Related Terms

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

Elemental Asia (WAR:EMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Elemental Asia SA (WAR:EMA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Traugutta 42A, Grodzisk Mazowiecki, POL, 05-825

Website

https://www.elemental-asia.biz

Elemental Asia SA is engaged in the recycling of precious metals from printed circuits and automotive catalysts.

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