Days Inventory is also known as Days Sales of Inventory (DSI). Ocean Bio-Chem's Average Total Inventories for the
three
months ended in Jun. 2022 was $21.78 Mil. Ocean Bio-Chem's Cost of Goods Sold for the
three
months ended in Jun. 2022 was $9.86 Mil.
Hence, Ocean Bio-Chem's Days Inventory for the
three
months ended in Jun. 2022 was 201.58.
The historical rank and industry rank for Ocean Bio-Chem's Days Inventory or its related term are showing as below:
OBCI'
s Days Inventory Range Over the Past 10 Years
Min: 129.12 Med: 135.91 Max: 168.85
Current: 164.42
During the past 13 years, Ocean Bio-Chem's highest Days Inventory was 168.85. The lowest was 129.12. And the median was 135.91.
OBCI's Days Inventory is not ranked
in the Conglomerates industry.
Industry Median: 72.34
vs OBCI: 164.42
Ocean Bio-Chem's Days Inventory
increased
from Jun. 2021 (167.91) to Jun. 2022 (201.58).
It might indicate that Ocean Bio-Chem's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Ocean Bio-Chem's Inventory Turnover for the
three
months ended in Jun. 2022 was 0.45.
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.
Ocean Bio-Chem's Inventory-to-Revenue for the
three
months ended in Jun. 2022 was 1.43.
Ocean Bio-Chem Days Inventory Historical Data
The historical data trend for Ocean Bio-Chem'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 Ocean Bio-Chem's Days Inventory
For the Conglomerates subindustry, Ocean Bio-Chem'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.
Ocean Bio-Chem's Days Inventory Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Ocean Bio-Chem's Days Inventory distribution charts can be found below:
* The bar in red indicates where Ocean Bio-Chem's Days Inventory falls into.
Ocean Bio-Chem Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Ocean Bio-Chem's Days Inventory for the fiscal year that ended in Dec. 2021 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.
Ocean Bio-Chem (NAS:OBCI) 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.
Ocean Bio-Chem's Inventory Turnover for the
three
months ended in Jun. 2022 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.
Ocean Bio-Chem's Inventory to Revenue for the
three
months ended in Jun. 2022 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.
Ocean Bio-Chem Days Inventory Related Terms
Thank you for viewing the detailed overview of Ocean Bio-Chem's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Ocean Bio-Chem (Ocean Bio-Chem) Business Description
Ocean Bio-Chem Inc is engaged in the manufacturing, marketing, and distribution of a broad line of appearance, performance and maintenance products for the marine, automotive, power sports, recreational vehicle, home care and outdoor power equipment markets, under the Star brite and Star Tron brand names. It sells these products within the USA and Canada. The company produces private label formulations of many of its products for various customers and provide custom blending and packaging services for these and other products. It also manufactures, markets and distributes chlorine dioxide-based deodorizing disinfectant, and sanitizing products under the Star brite and Performacide brand names, utilizing a patented delivery system for use with products containing chlorine dioxide.
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