AF Gruppen ASA (OSL:AFG) Days Inventory : 10.01 (As of Dec. 2023)

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What is AF Gruppen ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AF Gruppen ASA's Average Total Inventories for the three months ended in Dec. 2023 was kr598 Mil. AF Gruppen ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr5,448 Mil. Hence, AF Gruppen ASA's Days Inventory for the three months ended in Dec. 2023 was 10.01.

The historical rank and industry rank for AF Gruppen ASA's Days Inventory or its related term are showing as below:

OSL:AFG' s Days Inventory Range Over the Past 10 Years
Min: 5.83 Med: 8.91 Max: 14.08
Current: 9.36

During the past 13 years, AF Gruppen ASA's highest Days Inventory was 14.08. The lowest was 5.83. And the median was 8.91.

OSL:AFG's Days Inventory is ranked better than
78.12% of 1394 companies
in the Construction industry
Industry Median: 48.6 vs OSL:AFG: 9.36

AF Gruppen ASA's Days Inventory increased from Dec. 2022 (6.12) to Dec. 2023 (10.01). It might indicate that AF Gruppen ASA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. AF Gruppen ASA's Inventory Turnover for the three months ended in Dec. 2023 was 9.12.

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. AF Gruppen ASA's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.07.

AF Gruppen ASA Days Inventory Historical Data

The historical data trend for AF Gruppen ASA'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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AF Gruppen ASA Days Inventory Chart

AF Gruppen ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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6.88

6.87

5.83

5.91

9.55

AF Gruppen ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															6.12	8.19	8.31	10.93	10.01

Competitive Comparison of AF Gruppen ASA's Days Inventory

For the Engineering & Construction subindustry, AF Gruppen ASA'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.

AF Gruppen ASA's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, AF Gruppen ASA's Days Inventory distribution charts can be found below:

* The bar in red indicates where AF Gruppen ASA's Days Inventory falls into.

AF Gruppen ASA Days Inventory Calculation

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

AF Gruppen ASA'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
=	( (460	+	634)	/	2 )	/	20905	*	365
=	547					/	20905	*	365
=	9.55

AF Gruppen ASA'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (561	+	634)	/	2 )	/	5448	*	365 / 4
=	597.5					/	5448	*	365 / 4
=	10.01

AF Gruppen ASA (OSL:AFG) 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.

AF Gruppen ASA's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5448	/	597.5
	=	9.12

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.

AF Gruppen ASA's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	597.5	/	8003
	=	0.07

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.

AF Gruppen ASA Days Inventory Related Terms

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AF Gruppen ASA (OSL:AFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AF Gruppen ASA (OSL:AFG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AGRUF:USA AFGO:Sweden AF8:Germany

Address

Innspurten 15, P.O. box 6272, Oslo, NOR, 0663

Website

https://www.afgruppen.com

AF Gruppen ASA A is one of Norway's leading contracting and industrial groups. It provides civil engineering and services geared toward environmental, building, and energy markets. The company conducts projects related to roads, railways, ports, power, and energy development. For buildings and property development, its services span the entire value chain, and resources are utilized for planning and execution. The majority of revenue comes from traditional building activities, including new projects and rehabilitation ventures. Environmental services revolve around demolition, removal, and environmental clean-up of buildings and industrial plants. AF Gruppen's customers are primarily public agencies and private companies.