Days Inventory is also known as Days Sales of Inventory (DSI). Fortum Oyj's Average Total Inventories for the
three
months ended in Dec. 2023 was €387 Mil. Fortum Oyj's Cost of Goods Sold for the
three
months ended in Dec. 2023 was €1,217 Mil.
Hence, Fortum Oyj's Days Inventory for the
three
months ended in Dec. 2023 was 29.02.
The historical rank and industry rank for Fortum Oyj's Days Inventory or its related term are showing as below:
LTS:0HAH'
s Days Inventory Range Over the Past 10 Years
Min: 8.92 Med: 43.35 Max: 216.73
Current: 35.91
During the past 13 years, Fortum Oyj's highest Days Inventory was 216.73. The lowest was 8.92. And the median was 43.35.
LTS:0HAH's Days Inventory is ranked worse than 54.52% of 321
companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.07
vs LTS:0HAH: 35.91
Fortum Oyj's Days Inventory
increased
from Dec. 2022 (23.83) to Dec. 2023 (29.02).
It might indicate that Fortum Oyj's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Fortum Oyj's Inventory Turnover for the
three
months ended in Dec. 2023 was 3.14.
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.
Fortum Oyj's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.21.
Fortum Oyj Days Inventory Historical Data
The historical data trend for Fortum 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.
* Premium members only.
Fortum Oyj Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
31.05
8.92
216.73
100.76
42.70
Fortum Oyj Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
23.83
29.59
43.95
44.18
29.02
Competitive Comparison
For the Utilities - Renewable subindustry, Fortum 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.
Fortum Oyj Days Inventory Distribution
For the Utilities - Independent Power Producers industry and Utilities sector, Fortum Oyj's Days Inventory distribution charts can be found below:
* The bar in red indicates where Fortum Oyj's Days Inventory falls into.
Fortum Oyj Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Fortum Oyj's Days Inventory for the fiscal year that 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.
Fortum Oyj (LTS:0HAH) 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.
Fortum Oyj'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.
Fortum Oyj'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.
Fortum Oyj Days Inventory Related Terms
Thank you for viewing the detailed overview of Fortum Oyj's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortum Oyj is a Finnish energy company that operates power plants, which use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, City Solutions, Consumer Solutions, Russia, and Other.
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