Olvi Oyj (OHEL:OLVAS) Days Inventory : 89.55 (As of Mar. 2024)

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What is Olvi Oyj Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Olvi Oyj's Average Total Inventories for the three months ended in Mar. 2024 was €78.7 Mil. Olvi Oyj's Cost of Goods Sold for the three months ended in Mar. 2024 was €80.2 Mil. Hence, Olvi Oyj's Days Inventory for the three months ended in Mar. 2024 was 89.55.

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

OHEL:OLVAS' s Days Inventory Range Over the Past 10 Years
Min: 64.96 Med: 72.89 Max: 102.39
Current: 74.92

During the past 13 years, Olvi Oyj's highest Days Inventory was 102.39. The lowest was 64.96. And the median was 72.89.

OHEL:OLVAS's Days Inventory is ranked better than
76.21% of 206 companies
in the Beverages - Alcoholic industry
Industry Median: 159.87 vs OHEL:OLVAS: 74.92

Olvi Oyj's Days Inventory increased from Mar. 2023 (83.82) to Mar. 2024 (89.55). It might indicate that Olvi Oyj's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Olvi Oyj's Inventory Turnover for the three months ended in Mar. 2024 was 1.02.

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. Olvi Oyj's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.60.

Olvi Oyj Days Inventory Historical Data

The historical data trend for Olvi Oyj'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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Olvi Oyj Days Inventory Chart

Olvi Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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75.64

65.75

68.36

64.96

67.03

Olvi Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															83.82	61.86	70.46	84.07	89.55

Competitive Comparison of Olvi Oyj's Days Inventory

For the Beverages - Brewers subindustry, Olvi Oyj'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.

Olvi Oyj's Days Inventory Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Olvi Oyj's Days Inventory distribution charts can be found below:

* The bar in red indicates where Olvi Oyj's Days Inventory falls into.

Olvi Oyj Days Inventory Calculation

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

Olvi Oyj'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
=	( (70.891	+	74.19)	/	2 )	/	394.977	*	365
=	72.5405					/	394.977	*	365
=	67.03

Olvi Oyj's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (74.19	+	83.156)	/	2 )	/	80.167	*	365 / 4
=	78.673					/	80.167	*	365 / 4
=	89.55

Olvi Oyj (OHEL:OLVAS) 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.

Olvi Oyj's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	80.167	/	78.673
	=	1.02

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.

Olvi Oyj's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	78.673	/	130.384
	=	0.60

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.

Olvi Oyj Days Inventory Related Terms

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

Olvi Oyj (OHEL:OLVAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Olvi Oyj (OHEL:OLVAS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

OVI:Germany

Address

Olvitie I-IV, Iisalmi, FIN, 74100

Website

https://www.olvi.fi

Olvi Oyj is engaged in the manufacturing of beers, ciders, long drinks, mineral waters, juices, soft drinks, energy drinks, sports beverages, and other non-alcoholic and alcoholic beverages. The firm's geographical segments include Finland, Estonia, Latvia, Lithuania, and Belarus. It generates a majority of its revenue from Finland.

Olvi Oyj (OHEL:OLVAS) Headlines

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