Standard Supply AS (OSL:STSU) Days Inventory : 2.83 (As of Dec. 2023)

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What is Standard Supply AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Standard Supply AS's Average Total Inventories for the three months ended in Dec. 2023 was kr2.0 Mil. Standard Supply AS's Cost of Goods Sold for the three months ended in Dec. 2023 was kr64.5 Mil. Hence, Standard Supply AS's Days Inventory for the three months ended in Dec. 2023 was 2.83.

The historical rank and industry rank for Standard Supply AS's Days Inventory or its related term are showing as below:

OSL:STSU' s Days Inventory Range Over the Past 10 Years
Min: 4.79 Med: 14.47 Max: 21.66
Current: 4.79

During the past 3 years, Standard Supply AS's highest Days Inventory was 21.66. The lowest was 4.79. And the median was 14.47.

OSL:STSU's Days Inventory is ranked better than
88.74% of 728 companies
in the Oil & Gas industry
Industry Median: 31.3 vs OSL:STSU: 4.79

Standard Supply AS's Days Inventory declined from Dec. 2022 (6.94) to Dec. 2023 (2.83).

Inventory Turnover measures how fast the company turns over its inventory within a year. Standard Supply AS's Inventory Turnover for the three months ended in Dec. 2023 was 32.28.

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. Standard Supply AS's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.03.

Standard Supply AS Days Inventory Historical Data

The historical data trend for Standard Supply AS'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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Standard Supply AS Days Inventory Chart

Standard Supply AS Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

21.66

7.27

Standard Supply AS Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial					6.94	7.90	3.09	2.65	2.83

Competitive Comparison of Standard Supply AS's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Standard Supply AS'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.

Standard Supply AS's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Standard Supply AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Standard Supply AS's Days Inventory falls into.

Standard Supply AS Days Inventory Calculation

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

Standard Supply AS'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
=	( (11.056	+	1.593)	/	2 )	/	317.547	*	365
=	6.3245					/	317.547	*	365
=	7.27

Standard Supply AS'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
=	( (2.402	+	1.593)	/	2 )	/	64.488	*	365 / 4
=	1.9975					/	64.488	*	365 / 4
=	2.83

Standard Supply AS (OSL:STSU) 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.

Standard Supply AS's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	64.488	/	1.9975
	=	32.28

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.

Standard Supply AS's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.9975	/	70.818
	=	0.03

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.

Standard Supply AS Days Inventory Related Terms

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

Standard Supply AS (OSL:STSU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Standard Supply AS (OSL:STSU) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

D6Z:Germany

Address

Sjolyst Plass 2, Oslo, NOR, 0278

Website

https://www.standard-supply.com

Standard Supply AS is a holding company for companies holding various offshore support vessels focusing on operations in the North Sea region. The company owns approximately a fleet of 8 platform supply vessels (3 wholly owned and 5 partially owned through Northern Supply AS), serving the offshore oil & gas industry. It engages in acquiring and operating offshore supply vessels , also through active investments and investment in vessels, and other investments.

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