OEKOWORLD AG (FRA:VVV3) Days Inventory : 0.28 (As of Dec. 2023)

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What is OEKOWORLD AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). OEKOWORLD AG's Average Total Inventories for the six months ended in Dec. 2023 was €0.02 Mil. OEKOWORLD AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €13.80 Mil. Hence, OEKOWORLD AG's Days Inventory for the six months ended in Dec. 2023 was 0.28.

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

FRA:VVV3' s Days Inventory Range Over the Past 10 Years
Min: 0.36 Med: 0.86 Max: 2.96
Current: 0.36

During the past 13 years, OEKOWORLD AG's highest Days Inventory was 2.96. The lowest was 0.36. And the median was 0.86.

FRA:VVV3's Days Inventory is ranked better than
83.33% of 18 companies
in the Insurance industry
Industry Median: 8.625 vs FRA:VVV3: 0.36

OEKOWORLD AG's Days Inventory declined from Dec. 2022 (0.40) to Dec. 2023 (0.28).

Inventory Turnover measures how fast the company turns over its inventory within a year. OEKOWORLD AG's Inventory Turnover for the six months ended in Dec. 2023 was 656.95.

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. OEKOWORLD AG's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

OEKOWORLD AG Days Inventory Historical Data

The historical data trend for OEKOWORLD AG'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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OEKOWORLD AG Days Inventory Chart

OEKOWORLD AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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2.96

1.12

0.45

0.59

OEKOWORLD AG 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															4.76	0.26	0.40	0.46	0.28

Competitive Comparison of OEKOWORLD AG's Days Inventory

For the Insurance Brokers subindustry, OEKOWORLD AG'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.

OEKOWORLD AG's Days Inventory Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, OEKOWORLD AG's Days Inventory distribution charts can be found below:

* The bar in red indicates where OEKOWORLD AG's Days Inventory falls into.

OEKOWORLD AG Days Inventory Calculation

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

OEKOWORLD AG's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.043	+	0)	/	1 )	/	26.565	*	365
=	0.043					/	26.565	*	365
=	0.59

OEKOWORLD AG'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
=	( (0.021	+	0)	/	1 )	/	13.796	*	365 / 2
=	0.021					/	13.796	*	365 / 2
=	0.28

OEKOWORLD AG (FRA:VVV3) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13.796	/	0.021
	=	656.95

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.021	/	30.367
	=	0.00

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.

OEKOWORLD AG Days Inventory Related Terms

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

OEKOWORLD AG (FRA:VVV3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » OEKOWORLD AG (FRA:VVV3) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

VVV3:Germany

Address

Liebigstr. 11-13, Hilden, DEU, 40721

Website

http://www.versiko.de

OEKOWORLD AG is engaged in providing financial services, providing insurance products, money management services and financial consultation to individual and institutional clients.

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