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Salmon Evolution ASA (OSL:SALME) Days Inventory : 314.67 (As of Dec. 2023)


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What is Salmon Evolution ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Salmon Evolution ASA's Average Total Inventories for the three months ended in Dec. 2023 was kr164.5 Mil. Salmon Evolution ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr47.7 Mil. Hence, Salmon Evolution ASA's Days Inventory for the three months ended in Dec. 2023 was 314.67.

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

OSL:SALME' s Days Inventory Range Over the Past 10 Years
Min: 853.23   Med: 6056.91   Max: 22027.37
Current: 897.65

During the past 5 years, Salmon Evolution ASA's highest Days Inventory was 22027.37. The lowest was 853.23. And the median was 6056.91.

OSL:SALME's Days Inventory is ranked worse than
98.04% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.33 vs OSL:SALME: 897.65

Salmon Evolution ASA's Days Inventory declined from Dec. 2022 (636.10) to Dec. 2023 (314.67).

Inventory Turnover measures how fast the company turns over its inventory within a year. Salmon Evolution ASA's Inventory Turnover for the three months ended in Dec. 2023 was 0.29.

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. Salmon Evolution ASA's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.85.


Salmon Evolution ASA Days Inventory Historical Data

The historical data trend for Salmon Evolution 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.

* Premium members only.

Salmon Evolution ASA Days Inventory Chart

Salmon Evolution ASA Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
- - 6,056.91 22,027.37 853.23

Salmon Evolution ASA Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 636.10 - 293.33 - 314.67

Competitive Comparison of Salmon Evolution ASA's Days Inventory

For the Farm Products subindustry, Salmon Evolution 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.


Salmon Evolution ASA's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Salmon Evolution ASA's Days Inventory falls into.



Salmon Evolution ASA Days Inventory Calculation

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

Salmon Evolution 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
=( (60.868 + 162.16) / 2 ) / 47.704*365
=111.514 / 47.704*365
=853.23

Salmon Evolution 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
=( (166.794 + 162.16) / 2 ) / 47.696*365 / 4
=164.477 / 47.696*365 / 4
=314.67

* 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.


Salmon Evolution ASA  (OSL:SALME) 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.

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

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.

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

* 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.


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.


Salmon Evolution ASA Days Inventory Related Terms

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


Salmon Evolution ASA (OSL:SALME) Business Description

Traded in Other Exchanges
Address
Torget 5, NO-6440 Elnesvagen, Hustadvika, NOR, 6440
Salmon Evolution ASA is a land-based salmon farming company in Norway. Its focus is on extending the ocean's potential by transferring the preconditions offered by the sea to farm fish on land through its chosen hybrid flow-through system technology (HFS). It production facility of the company is located in Indre Haroy, Norway. It offers access to an educated and experienced workforce, established infrastructure for salmon farming, renewable energy, and unlimited fresh seawater.

Salmon Evolution ASA (OSL:SALME) Headlines

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