Govena Lighting (WAR:GOV) Days Inventory : 519.17 (As of Sep. 2023)

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What is Govena Lighting Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Govena Lighting's Average Total Inventories for the three months ended in Sep. 2023 was zł3.95 Mil. Govena Lighting's Cost of Goods Sold for the three months ended in Sep. 2023 was zł0.69 Mil. Hence, Govena Lighting's Days Inventory for the three months ended in Sep. 2023 was 519.17.

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

WAR:GOV' s Days Inventory Range Over the Past 10 Years
Min: 269.02 Med: 344.25 Max: 9592.91
Current: 9592.91

During the past 7 years, Govena Lighting's highest Days Inventory was 9592.91. The lowest was 269.02. And the median was 344.25.

WAR:GOV's Days Inventory is ranked worse than
99.93% of 2908 companies
in the Industrial Products industry
Industry Median: 120.82 vs WAR:GOV: 9592.91

Govena Lighting's Days Inventory declined from Jun. 2022 (580.92) to Sep. 2023 (519.17).

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. Govena Lighting's Inventory Turnover for the three months ended in Sep. 2023 was 0.18.

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. Govena Lighting's Inventory-to-Revenue for the three months ended in Sep. 2023 was 4.38.

Govena Lighting Days Inventory Historical Data

The historical data trend for Govena Lighting'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.

Govena Lighting Days Inventory Chart

Govena Lighting Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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344.25

349.54

415.68

363.21

329.06

Govena Lighting Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															580.92	15,969.63	12,076.10	207.53	519.17

Competitive Comparison of Govena Lighting's Days Inventory

For the Electrical Equipment & Parts subindustry, Govena Lighting'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.

Govena Lighting's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Govena Lighting's Days Inventory distribution charts can be found below:

* The bar in red indicates where Govena Lighting's Days Inventory falls into.

Govena Lighting Days Inventory Calculation

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

Govena Lighting'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
=	( (4.108	+	4.105)	/	2 )	/	4.555	*	365
=	4.1065					/	4.555	*	365
=	329.06

Govena Lighting'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: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (3.946	+	3.951)	/	2 )	/	0.694	*	365 / 4
=	3.9485					/	0.694	*	365 / 4
=	519.17

Govena Lighting (WAR:GOV) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.694	/	3.9485
	=	0.18

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.9485	/	0.902
	=	4.38

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.

Govena Lighting Days Inventory Related Terms

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

Govena Lighting (WAR:GOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Govena Lighting SA (WAR:GOV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Sluzewska 8-15, Torun, POL, 87-100

Website

http://www.govena.com

Govena Lighting SA is a manufacturer of electronics, a contractor of services and a supplier of finished and semi-finished products. It works with lighting-industry customers, manufacturers of electricity meters and cash registers, and with power-industry customers. The products offered by the company include Electronic Transformers, LED power supply, Dimmer, Switches and sockets and LED profiles.

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