Oceana Group (JSE:OCE) Days Inventory : 123.47 (As of Sep. 2023)

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What is Oceana Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Oceana Group's Average Total Inventories for the six months ended in Sep. 2023 was R2,608 Mil. Oceana Group's Cost of Goods Sold for the six months ended in Sep. 2023 was R3,854 Mil. Hence, Oceana Group's Days Inventory for the six months ended in Sep. 2023 was 123.47.

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

JSE:OCE' s Days Inventory Range Over the Past 10 Years
Min: 96.83 Med: 107.57 Max: 129.52
Current: 127.67

During the past 13 years, Oceana Group's highest Days Inventory was 129.52. The lowest was 96.83. And the median was 107.57.

JSE:OCE's Days Inventory is ranked worse than
71.91% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.23 vs JSE:OCE: 127.67

Oceana Group's Days Inventory increased from Sep. 2022 (96.24) to Sep. 2023 (123.47). It might indicate that Oceana Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Oceana Group's Inventory Turnover for the six months ended in Sep. 2023 was 1.48.

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. Oceana Group's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.47.

Oceana Group Days Inventory Historical Data

The historical data trend for Oceana 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.

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Oceana Group Days Inventory Chart

Oceana Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

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121.41

123.74

96.83

106.54

129.52

Oceana Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															70.93	97.35	96.24	130.60	123.47

Competitive Comparison of Oceana Group's Days Inventory

For the Packaged Foods subindustry, Oceana 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.

Oceana Group's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Oceana Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Oceana Group's Days Inventory falls into.

Oceana Group Days Inventory Calculation

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

Oceana Group's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (2271	+	2792)	/	2 )	/	7134	*	365
=	2531.5					/	7134	*	365
=	129.52

Oceana Group'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
=	( (2423.014	+	2792)	/	2 )	/	3854.286	*	365 / 2
=	2607.507					/	3854.286	*	365 / 2
=	123.47

Oceana Group (JSE:OCE) 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.

Oceana Group's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3854.286	/	2607.507
	=	1.48

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.

Oceana Group's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2607.507	/	5489.501
	=	0.47

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.

Oceana Group Days Inventory Related Terms

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

Oceana Group (JSE:OCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oceana Group Ltd (JSE:OCE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

OCGPF:USA OCG:Namibia O1F:Germany

Address

25 Jan Smuts Street, 9th Floor, Oceana House, Foreshore, Cape Town, WC, ZAF, 8001

Website

https://www.oceana.co.za

Oceana Group Ltd is an African fishing company focused on catching, procuring, processing, marketing, and distributing canned fish, fishmeal, fish oil, lobster, horse mackerel, squid, and hake. Oceana Group also provides refrigerated warehouse facilities and logistical support services. The company's principal market is the lower-end consumer who prefers canned fish and horse mackerel. The majority of Oceana Group's revenue is derived from South Africa and Nambia. The company operates through four segments: Canned Fish and Fishmeal (Africa), which contributes the majority portion of revenue; Fishmeal and Fish Oil (USA); Horse Mackerel, Hake, Lobster, and Squid; and Commercial Cold Storage Logistics.

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