Optiscan Imaging (ASX:OIL) Days Inventory : 2,386.76 (As of Dec. 2023)

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What is Optiscan Imaging Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Optiscan Imaging's Average Total Inventories for the six months ended in Dec. 2023 was A$1.67 Mil. Optiscan Imaging's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.13 Mil. Hence, Optiscan Imaging's Days Inventory for the six months ended in Dec. 2023 was 2,386.76.

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

ASX:OIL' s Days Inventory Range Over the Past 10 Years
Min: 111.42 Med: 534.8 Max: 1024.81
Current: 811.47

During the past 13 years, Optiscan Imaging's highest Days Inventory was 1024.81. The lowest was 111.42. And the median was 534.80.

ASX:OIL's Days Inventory is ranked worse than
98.05% of 2405 companies
in the Hardware industry
Industry Median: 103.88 vs ASX:OIL: 811.47

Optiscan Imaging's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (2,386.76). It might indicate that Optiscan Imaging'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. Optiscan Imaging's Inventory Turnover for the six months ended in Dec. 2023 was 0.08.

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. Optiscan Imaging's Inventory-to-Revenue for the six months ended in Dec. 2023 was 3.73.

Optiscan Imaging Days Inventory Historical Data

The historical data trend for Optiscan Imaging'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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Optiscan Imaging Days Inventory Chart

Optiscan Imaging Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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893.03

Optiscan Imaging Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	434.14	2,386.76

Competitive Comparison of Optiscan Imaging's Days Inventory

For the Scientific & Technical Instruments subindustry, Optiscan Imaging'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.

Optiscan Imaging's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Optiscan Imaging's Days Inventory distribution charts can be found below:

* The bar in red indicates where Optiscan Imaging's Days Inventory falls into.

Optiscan Imaging Days Inventory Calculation

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

Optiscan Imaging's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.269	+	1.437)	/	2 )	/	0.553	*	365
=	1.353					/	0.553	*	365
=	893.03

Optiscan Imaging's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.437	+	1.911)	/	2 )	/	0.128	*	365 / 2
=	1.674					/	0.128	*	365 / 2
=	2,386.76

Optiscan Imaging (ASX:OIL) 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.

Optiscan Imaging's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.128	/	1.674
	=	0.08

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.

Optiscan Imaging's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.674	/	0.449
	=	3.73

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.

Optiscan Imaging Days Inventory Related Terms

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

Optiscan Imaging (ASX:OIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Optiscan Imaging Ltd (ASX:OIL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

16 Miles Street, Mulgrave, Melbourne, VIC, AUS, 3170

Website

https://www.optiscan.com

Optiscan Imaging Ltd is engaged in the development, manufacture, and commercialization of endomicroscopic digital imaging technology solutions for medical, translational, and pre-clinical applications. Its technology offers real-time, 3D, in vivo imaging at the single-cell level, in a non-destructive manner that enables clinicians to make immediate informed decisions. Its products include InVivage, ViewnVivo, and Customisation.