Days Inventory is also known as Days Sales of Inventory (DSI). Olam Group's Average Total Inventories for the
six
months ended in Jun. 2023 was $6,757 Mil. Olam Group's Cost of Goods Sold for the
six
months ended in Jun. 2023 was $16,905 Mil.
Hence, Olam Group's Days Inventory for the
six
months ended in Jun. 2023 was 72.94.
The historical rank and industry rank for Olam Group's Days Inventory or its related term are showing as below:
OLMIY'
s Days Inventory Range Over the Past 10 Years
Min: 64.39 Med: 83.07 Max: 120.95
Current: 73.03
During the past 13 years, Olam Group's highest Days Inventory was 120.95. The lowest was 64.39. And the median was 83.07.
OLMIY's Days Inventory is ranked worse than 80.53% of 303
companies
in the Retail - Defensive industry
Industry Median: 36.41
vs OLMIY: 73.03
Olam Group's Days Inventory
increased
from Jun. 2022 (65.11) to Jun. 2023 (72.94).
It might indicate that Olam Group's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Olam Group's Inventory Turnover for the
six
months ended in Jun. 2023 was 2.50.
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.
Olam Group's Inventory-to-Revenue for the
six
months ended in Jun. 2023 was 0.37.
Olam Group Days Inventory Historical Data
The historical data trend for Olam Group'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 Olam Group's Days Inventory
For the Food Distribution subindustry, Olam Group'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.
Olam Group's Days Inventory Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Olam Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Olam Group's Days Inventory falls into.
Olam Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Olam Group's Days Inventory for the fiscal year that ended in Dec. 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.
Olam Group (OTCPK:OLMIY) 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.
Olam Group's Inventory Turnover for the
six
months ended in Jun. 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.
Olam Group's Inventory to Revenue for the
six
months ended in Jun. 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.
Olam Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Olam Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Olam Group Ltd sources, processes, packages, and sells agricultural commodities. The company's operating segments include Olam Food Ingredients; Olam Global Agri and Olam International Limited. It generates maximum revenue from the Olam Global Agri segment. Geographically, it derives a majority of its revenue from Asia, the Middle East and Australia. Some of its products include Cocoa, Coffee, Cotton, Nuts, and Spices.
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