Oman Flour Mills (MUS:OFMI) Days Inventory : 108.57 (As of Jun. 2019)

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What is Oman Flour Mills Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Oman Flour Mills's Average Total Inventories for the three months ended in Jun. 2019 was ر.ع23.37 Mil. Oman Flour Mills's Cost of Goods Sold for the three months ended in Jun. 2019 was ر.ع19.64 Mil. Hence, Oman Flour Mills's Days Inventory for the three months ended in Jun. 2019 was 108.57.

The historical rank and industry rank for Oman Flour Mills's Days Inventory or its related term are showing as below:

MUS:OFMI's Days Inventory is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 81.945
* Ranked among companies with meaningful Days Inventory only.

Oman Flour Mills's Days Inventory increased from Dec. 2017 (87.80) to Jun. 2019 (108.57). It might indicate that Oman Flour Mills's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Oman Flour Mills's Inventory Turnover for the three months ended in Jun. 2019 was 0.84.

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. Oman Flour Mills's Inventory-to-Revenue for the three months ended in Jun. 2019 was 0.99.

Oman Flour Mills Days Inventory Historical Data

The historical data trend for Oman Flour Mills'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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Oman Flour Mills Days Inventory Chart

Oman Flour Mills Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Days Inventory

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85.95

93.83

92.30

77.31

76.81

Oman Flour Mills Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Sep18	Mar19	Jun19
Days Inventory	Get a 7-Day Free Trial															87.80	80.15	-	87.21	108.57

Competitive Comparison of Oman Flour Mills's Days Inventory

For the Packaged Foods subindustry, Oman Flour Mills'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.

Oman Flour Mills's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Oman Flour Mills's Days Inventory falls into.

Oman Flour Mills Days Inventory Calculation

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

Oman Flour Mills's Days Inventory for the fiscal year that ended in Jun. 2016 is calculated as

	Days Inventory (A: Jun. 2016 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2015 )	+	Total Inventories (A: Jun. 2016 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2016 )	*	Days in Period
=	( (13.241	+	12.641)	/	2 )	/	61.493	*	365
=	12.941					/	61.493	*	365
=	76.81

Oman Flour Mills's Days Inventory for the quarter that ended in Jun. 2019 is calculated as:

	Days Inventory (Q: Jun. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2019 )	+	Total Inventories (Q: Jun. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
=	( (20.288	+	26.458)	/	2 )	/	19.644	*	365 / 4
=	23.373					/	19.644	*	365 / 4
=	108.57

Oman Flour Mills (MUS:OFMI) 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.

Oman Flour Mills's Inventory Turnover for the three months ended in Jun. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19.644	/	23.373
	=	0.84

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.

Oman Flour Mills's Inventory to Revenue for the three months ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	23.373	/	23.719
	=	0.99

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.

Oman Flour Mills Days Inventory Related Terms

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

Oman Flour Mills (MUS:OFMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oman Flour Mills (MUS:OFMI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 566, Ruwi, OMN, 112

Website

http://www.omanflourmills.com

Oman Flour Mills is an Oman-based company engaged in the milling of wheat and other cereals and sale of flour, and the processing and sale of animal feed. In addition, the company through its subsidiaries is also involved in the production and sale of eggs, and selling and distribution of franchise frozen bakery products. The group generates the majority of the revenue from the processing and sale of a flour mill and feed mill. The company markets its flour mill products through Dahabi brand and feed mill products through Barakat brand.

Oman Flour Mills (MUS:OFMI) Headlines

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